Latest news for Capcom (OTC:CCOEF) Stock

Capcom was founded in 1979, originally an arcade game producer, but gradually transitioned to focus on producing console games, with the popularization of console gaming throughout the years. Capcom is currently one of the top video game producers in the world, with several long-lived popular series Resident Evil (since 1996), Monster Hunter (since 2004) and Streetfighter (since 1987). It was recognized as the top highly reviewed game publisher in 2019 and 2023 in Metacritic's Annual Game Publisher Rankings. It also runs several side businesses including arcade operations, slot machines and e-sports.

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Capcom Co., Ltd (OTC: CCOEF) COO Haruhiro Tsujimoto stated in an interview at Tokyo Game Show 2023 that the company would &#34;gracefully decline&#34; any potential 

Why Capcom COO Says He Would &#39;Gracefully Decline&#39; Potential Acquisition From Microsoft

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Activision Blizzard Inc&#39;s (NASDAQ: ATVI) &#34;Diablo 4&#34; became the best-selling game in the U.S. in June.

&#39;Diablo 4&#39; Was A Summer Best-Seller But Sales Slow, PlayStation 5 Dominates Hardware Sales

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Over 66,000 people attended the annual E3 video game showcase global event in 2019, but it was canceled in 2020 due to the pandemic.

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Capcom Co (JP:9697) has released an update. Capcom Co. marks its 40th anniversary, expressing gratitude towards its stakeholders and highlighting a...

Capcom Celebrates 40 Years of Gaming Success

Capcom Co (JP:9697) has released an update. Capcom Co., Ltd. celebrates a decade of increased operating income and its 40th anniversary, marking a ...

Capcom Celebrates Success and Global Entertainment Impact

In a report released today, Atul Goyal from Jefferies maintained a Buy rating on Capcom Co (CCOEF – Research Report), with a price target of Yen3,5...

Capcom's Strategic Growth and Production Enhancements Bolster Buy Rating

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Capcom

Capcom Co., Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/CCOEF#OTC">CCOEF</a>) COO&nbsp;Haruhiro Tsujimoto&nbsp;stated in an interview at Tokyo Game Show 2023 that the company would &quot;gracefully decline&quot; any potential <a href="https://www.benzinga.com/general/gaming/23/09/34874529/aaa-publishers-are-stuck-milking-franchises-created-over-decade-ago-phil-spencers-leaked-email">buyout offer from Microsoft Corp&nbsp;(NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>).

During Microsoft&#39;s recent efforts to acquire Activision Blizzard Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATVI#NASDAQ">ATVI</a>) for $69 billion, leaked documents&nbsp;showed a list of potential acquisition targets for the company, including Square Enix Holdings Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SQNXF#OTC">SQNXF</a>), Sega&nbsp;Sammy Holdings Inc - ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SGAMY#OTC">SGAMY</a>), Nintendo ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>)&nbsp;and Capcom.

See Also: <a href="https://www.benzinga.com/general/entertainment/23/08/33579855/capcoms-resident-evil-2-remake-becomes-franchises-best-selling-game-ever">Capcom&#39;s &#39;Resident Evil 2&#39; Remake Becomes Franchise&#39;s Best-Selling Game Ever</a>

When asked how Capcom would respond to an offer from the American gaming giant, Tsujimoto replied: &quot;I would gracefully decline the offer because I believe it would be better if we were equal partners.

&quot;I think there have been many [merger and acquisition] talks in the game industry. There was once a time we were a target, but rather than acquiring an outside company, we prefer organic growth,&quot; Tsujimoto said, <a href="https://www.ign.com/articles/capcom-boss-would-gracefully-decline-any-microsoft-buyout-offer">according</a> to IGN.

He also emphasized Capcom&#39;s preference for developing talent in-house&nbsp;and revealed&nbsp;the Japanese company had&nbsp;&quot;no intention of acquiring companies.&quot;

During its presentation at the <a href="https://www.benzinga.com/general/gaming/23/09/34800393/xboxs-tokyo-game-show-2023-recap-from-horror-to-rpgs-all-you-need-to-know">Tokyo Game Show,</a> Capcom provided enthusiasts with updates on various upcoming titles in its portfolio. These included announcements regarding games such as Dragon&rsquo;s Dogma 2, Exoprimal, Street Fighter 6&nbsp;and the forthcoming release of Apollo Justice: Ace Attorney Trilogy.

Read Next: <a href="https://www.benzinga.com/general/gaming/23/09/34872236/xbox-game-pass-price-hike-microsofts-phil-spencer-reveals-inevitable-increase">Xbox Game Pass Price Hike: Microsoft&#39;s Phil Spencer Reveals &#39;Inevitable&#39; Increase</a>

Photo:&nbsp;<a href="https://www.shutterstock.com/es/g/rafapress">rafapress</a>&nbsp;on Shutterstock.

Why Capcom COO Says He Would 'Gracefully Decline' Potential Acquisition From Microsoft

Activision Blizzard Inc&#39;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATVI#NASDAQ">ATVI</a>) &quot;Diablo 4&quot; became the best-selling game in the <a href="https://www.benzinga.com/general/gaming/23/06/32765224/activision-blizzards-diablo-4-shatters-sales-records-but-in-game-shop-prices-spark-controversy">U.S. in June</a>.

<a href="https://www.npd.com/news/entertainment-top-10/2023/top-10-video-games/">According</a> to Circana&#39;s<a href="https://www.benzinga.com/news/earnings/23/07/33399583/microsoft-q4-earnings-reveal-decline-in-xbox-hardware-revenue-while-sonys-playstation-sales-soar"> data</a>, the title is also the third best-selling game of the year, following&nbsp;Warner Bros. Discovery, Inc&#39;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) &quot;Hogwarts Legacy&quot; and Nintendo Company Ltd&#39;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>)&nbsp;&quot;The Legend of Zelda: Tears of the Kingdom.&quot;

Square Enix Holdings Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SQNXF#OTC">SQNXF</a>) &quot;Final Fantasy 16&quot; secured the second spot for best-selling game in June, but its sales slowed down after selling three million copies during its initial launch week. Meanwhile, the third place belongs to Capcom Co., Ltd&#39;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CCOEF#OTC">CCOEF</a>) &quot;Street Fighter 6.&quot;

See Also:&nbsp;<a href="https://www.benzinga.com/general/gaming/23/06/32765224/activision-blizzards-diablo-4-shatters-sales-records-but-in-game-shop-prices-spark-controversy">Activision Blizzard&#39;s &#39;Diablo 4&#39; Shatters Sales Records, But In-Game Shop Prices Spark Controversy</a>

Mat Piscatella, Executive Director &amp; Video Game Industry Analyst at Circana, <a href="https://twitter.com/MatPiscatella/status/1686724664566165504">revealed </a>that the U.S. video game market experienced a 9% year-on-year growth, reaching $4.7 billion. &quot;It was the second-highest spending ever achieved in a June month, trailing only June 2021&rsquo;s $4.8B,&quot; he highlighted.

In June, spending on video game content saw a significant increase of 7% compared to the previous year, reaching a total of $4.1 billion. Notably, Console &amp; PC Digital Premium Download spending witnessed a remarkable surge, rising by over 50% year-on-year.

Circana&#39;s report also disclosed that Sony Group Corp.&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation 5 dominated the hardware market as the best-selling platform in both unit and dollar sales. Consumer spending on PlayStation hardware reached its highest total for a June month since 2008, with unit sales achieving their highest level since June 2010.

&quot;PlayStation 5 continues to lead the 2023 hardware market across both units and dollars,&quot; Piscatella added.

Moreover, the PlayStation 5 DualSense Edge remains the best-selling accessory of 2023 in dollar sales.

Read Next:&nbsp;<a href="https://www.benzinga.com/general/gaming/23/07/33446335/ps5-price-slashed-in-europe-is-a-us-discount-on-the-horizon">PS5 Price Slashed In Europe: Is A US Discount On The Horizon?</a>

Image: Courtesy of Blizzard

'Diablo 4' Was A Summer Best-Seller But Sales Slow, PlayStation 5 Dominates Hardware Sales

Over 66,000 people attended the annual E3 video game showcase global event in 2019, but it was canceled in 2020 due to the pandemic. The event will be available virtually in 2021 from June 12-15,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-06-10/microsoft-nintendo-ready-game-announcements-for-subdued-virtual-e3?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.

What Games Would Companies Showcase?: Ubisoft Entertainment&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ubsff#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UBSFF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ubsfy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UBSFY</a>) plans to reveal a new Far Cry game and future content for the recent blockbuster Assassin&rsquo;s Creed Valhalla, at the Los Angeles annual E3 video game showcase.

Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) will launch the latest Xbox console, including updates on Halo Infinite.&nbsp;&nbsp;Nintendo Co Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOF#OTC">NTDOF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) will showcase Switch portable gaming device titles in 2021.

The industry met with huge success being the only form of entertainment during the pandemic. Revenue from video games jumped 20% in 2020 to nearly $180 billion, based on IDC.&nbsp;

Event Details:&nbsp;Ubisoft will kick off E3 on Saturday. It changed the name of a planned upcoming game called Rainbow Six Quarantine to Rainbow Six Extraction.

Microsoft will hold its yearly Xbox showcase on Sunday. It will be focused on Halo Infinite that was due for launch in Nov. 2020.&nbsp;

Fans expect updates on titles like Psychonauts 2 coming to its Xbox Game Pass subscription service. It marks Microsoft&rsquo;s first showcase since the video game publisher Bethesda Softworks parent ZeniMax Media Inc&rsquo;s acquisition.&nbsp;

Microsoft could elaborate on the upcoming games from Bethesda, including the sci-fi role-playing game Starfield scheduled for a late 2022 release.

Nintendo will showcase on June 15. It plans to launch Switch&rsquo;s upgraded version this fall based on Bloomberg. Fans expect Metroid and The Legend of Zelda sequels.

Square Enix Holdings Co Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SQNNY#OTC">SQNNY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SQQNXF#OTC">SQQNXF</a>) will showcase a new game based on Marvel&rsquo;s Guardians of the Galaxy comic book franchise.

Take-Two Interactive Software Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) will launch a new spinoff game in the Borderlands universe. Publishers like&nbsp;Capcom Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ccoef#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CCOEF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ccoey#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CCOEY</a>) and Bandai Namco Entertainment Inc are also geared up for their launches.

Sony Group Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>),&nbsp;Electronic Arts Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), and&nbsp;Activision Blizzard Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATVI#NASDAQ">ATVI</a>) do not participate in the event. EA will hold its show in July. Summer Games Fest will kick off on Thursday.

Price action:&nbsp;MSFT shares traded higher by 0.80% at $255.60 on the last check Thursday.

Tencent Holdings Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tcehy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TCEHY</a>) and&nbsp;Sony Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/sne#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SNE</a>) augmented investment in cloud gaming by joining Japanese venture Ubitus K.K.&rsquo;s latest fundraising round,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-03-17/tencent-sony-step-up-investment-in-cloud-gaming-initiative?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.

<ul>
	<li>Cloud-gaming technology and services provider Ubitus completed an investment round led by Tencent, Sony Innovation Fund by IGV, and&nbsp;Square Enix Holdings Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/sqnny#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SQNNY</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/sqnxf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SQNXF</a>) for an undisclosed sum. The investors chipped in around $45 million at a valuation of less than $400 million.</li>
	<li>Ubitus&rsquo;s partners include&nbsp;Nintendo Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ntdof#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NTDOF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ntdoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NTDOY</a>), which offered cloud-based versions of&nbsp;Capcom Co Ltd&rsquo;s&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ccoef#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CCOEF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ccoey#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CCOEY</a>) Resident Evil and&nbsp;Ubisoft Entertainment&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ubsff#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UBSFF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ubsfy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UBSFY</a>) Assassin&rsquo;s Creed on the Switch.&nbsp;</li>
	<li>Square Enix used the start-up&rsquo;s technology to run its popular Dragon Quest X online multiplayer role-playing game. Ubitus&rsquo;s cloud-gaming patents are known for low latency.</li>
	<li>Tencent has been focusing on cloud gaming for the accessibility of high-end games without expensive hardware like consoles or computers. Cloud-gaming services deliver games from servers over the internet to users&rsquo; TVs, smartphones, and other screens akin to&nbsp;Netflix Inc&rsquo;s&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nflx#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NFLX</a>) content streaming services. Tencent was also assisting Japanese cloud gaming platform OOParts to exploit the technology.</li>
	<li>Cloud gaming continued to remain challenged by the popularity of gamers&rsquo; hardware.&nbsp;Alphabet Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/goog#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOG</a>) (NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/googl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOGL</a>) Google&rsquo;s Stadia service was challenged by communication latency and plan pricing. Stadia&rsquo;s game industry veteran Jade Raymond recently departed to focus on a PlayStation game.</li>
	<li>&ldquo;Cloud gaming longer-term will ease the development burden of making games for multiple platforms, expand gaming into new geographies and drive higher subscription revenue, but it remains a ways off from being a main platform,&rdquo; said Bloomberg analyst Matthew Kanterman.</li>
	<li>Many video-game platform owners still vouch for the co-existence of the gaming technology with the console-based business models. Sony&rsquo;s PlayStation Now and&nbsp;Microsoft Corp&rsquo;s&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/msft#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MSFT</a>) Project xCloud offer streamed games to subscribers.</li>
	<li>Price action:&nbsp;TCEHY shares are trading lower by 0.61% at $81.15 in the after-hours session on the last check Wednesday.</li>
</ul>

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Tencent, Sony Ramp Up Cloud-Gaming Initiative Investment Via Japanese Venture Ubitus: Bloomberg

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