Saudi Arabia Buys More Capcom As Resident Evil 9 Sales Explode

"Requiem hit 6 million sales in its first couple of weeks, Capcom announced on Monday. 'Going forward, Capcom plans to implement several measures, such as ongoing support and additional game content, so players can continue to enjoy the title longer,' the company wrote."

"Saudi Arabia, meanwhile, just expanded its stake in gaming with a new 5 percent shareholder stake in Capcom, reports. The stock was purchased by Electronic Gaming Development Company, an investment subsidiary under Saudi Arabian Crown Prince Mohammed bin Salman's MiSK foundation."

"That's the same group that recently took over SNK Corporation, shoehorned Cristiano Ronaldo into the new Fatal Fury, and oversaw the release of an AI slop trailer for the fighting game's second year of seasonal content. The company claims its new stake in Capcom is 'pure investment' to reap profits from the stock."

Resident Evil Requiem achieved record-breaking sales of 6 million copies in its first couple of weeks, becoming the fastest-selling entry in the horror franchise's history. Capcom plans to support the game with ongoing content and DLC throughout the year, with additional announcements expected ahead of the franchise's 30th anniversary. Saudi Arabia's Electronic Gaming Development Company, an investment subsidiary under Crown Prince Mohammed bin Salman's MiSK foundation, purchased a 5 percent stake in Capcom. This investment complements the existing 5 percent stake previously held by Saudi Arabia's Public Investment Fund. The Saudi entity, which recently took control of SNK Corporation, characterizes the Capcom investment as a profit-driven financial move as part of its broader gaming industry expansion strategy.

Read at Kotaku