Capcom revises forecast and strategy, announces Monster Hunter Online

Capcom has announced that they will be restructuring, canceling overseas titles with low projected sales, and revising their corporate strategy to offset lower than expected profits for the financial year. The reasons cited for the underperformance included overestimating the sales of Resident Evil 6 and Devil May Cry, a decline in quality due to excessive outsourcing, and “drastic changes in the industry’s market environment.”

Solutions proposed included moving more development in-house, improving DLC profit, and growing the online and mobile content business. The board also announced that Capcom was discontinuing development on some titles, but did not specify which projects were being halted.

In other news, Capcom and Tencent announced Monster Hunter Online a free-to-play game developed with CryEngine 3 technology.