Capcom today has announced the disollution of Clover Studio, which will be fully liquidated in March 2007. Clover Studio Co. Ltd. is best known for their creative and critically acclaimed Viewtiful Joe series of videogames, as well as the 200 dollar mech simulator Steel Battalion, and the recently released Okami and God Hand. Capcom had this to say about the closure:
Clover Studio Co., Ltd. has met the goal of developing unique and creative original home video game software, however, in view of promoting a business strategy that concentrates management resources on a selected business to enhance the efficiency of the development power of the entire Capcom group, the dissolution of Clover Studio Co., Ltd. has been raised and passed at a Board of Directors' meeting.
The impact of the dissolution of Clover Studio Co., Ltd. on the financial forecasts, separately announced on the same day, is inclusive as part of Extraordinary Losses amounting to 400 million yen.
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