A royalty payment exchange of ¥2 billion has taken place between Capcom and an unknown company for an unknown IP which could be anything at this point. Speculations suggest that this mysterious investor may be Xbox or Google Stadia looking for a platform exclusive made by Capcom. So far, Capcom has refused to share more details about the project but the IP could be Street Fighter VI or a new Resident Evil game.
On August 1st, 2019, Capcom Japan held its Q1 Earnings Briefing Conference Call. During the call, a number of financial matters were discussed as well as the strategy Capcom will be implementing for the rest of the year. But perhaps the most interesting part of the call was the Capcom’s mystery IP royalty payment of ¥2 billion ($18.74 million) given by an unknown investor during the first fiscal quarter.
A transcript of Capcom’s Q1 Earnings Briefing Conference Call was posted on the company’s website. Since the transcript is in Japanese, we’ll have to rely on Google Translate for the time being. During the call, a question was asked regarding this “one-off income recorded in the first quarter.”
Capcom replied by saying: “Details will not be disclosed because there are confidential matters depending on the project.”
The payment between Capcom and Sony was also highlighted on Twitter by Japan-based analyst and investment advisor David Gibson, who Tweeted about it a few days ago.
But that the most interesting is that Capcom booked a ¥2bn or $19m royalty one-off from deals for their IP in Digital Contents….did they license their IP to MSFT or Google for a streaming platform game? Do not think its a China deal…so who was it with?
— David Gibson (@gibbogame) August 1, 2019
So far, not a lot is known about the ¥2 billion ($18.74 million) but there’s a lot to speculate about it. There’s a strong possibility the payment is regarding Capcom working on a game for Microsoft that will be an Xbox Scarlett exclusive. On the other hand, it is also likely the royalty payment is given by Sony which would mean this supposed IP game is a next-gen PlayStation 5 exclusive.
It is also likely that Google is trying to snag a Capcom IP to make it an exclusive for Stadia. Sony and Microsoft already have tons of exclusives for PlayStation and Xbox respectively. Having a game made by Capcom exclusively for their Stadia might just be the thing Google needs.
There are a number of IPs that can explain the 2 Billion Yen royalty payment. Street Fighter VI, which is also rumored to release on PlayStation 5 and Xbox Scarlett in 2020-21, is a big possibility. On the other hand, a new Resident Evil game also seems very likely since
Resident Evil site Biohaze says series developer Capcom Division 1 is “recruiting testers for a game that’s in development”, and that the test will occur on either September 8 or 9. Now this new Resident Evil game could be anything at this point.
It could be a VR title, Resident Evil 8, another remake, or even a spin-off, but we know Capcom is working on it. It wouldn’t be so far-fetched to assume that Sony, Microsoft, or Google may have a hand in it and the ¥2 billion royalty payment between Capcom and this unknown investor has a part to play in it.
This would mean that Capcom’s new Resident Evil game might turn out to be a platform exclusive for Xbox Scarlett, PlayStation 5 or Google Stadia.
Since Capcom hasn’t elaborated on this (so far) and most of this is speculation at this point, the best thing to do is take it with a grain of salt and wait for official confirmation about the matter.