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Marvelous takes $3.8m hit on cancelled Inafune game

Comcept's Kaio: King of Pirates is no longer in development despite being announced in 2012

Marvelous has lost just over ¥460 million after cancelling the long in development 3DS title, Kaio: King of Pirates.

The cancellation was confirmed today in an official press release, which was translated by Siliconera. The game was initially announced back in 2012, and seemed set for a full release last year. That never happened, and Marvelous has lost ¥460 million ($3.8 million) on the project.

The reasons for the cancellation aren't entirely clear, though Marvelous has cited a shift in the game's intended marketplace as one aspect of the decision.

Another notable detail is the game's developer: Comcept, the studio formed by Capcom veteran Keiji Inafune. Comcept is also the developer of Mighty No. 9, which raised more than $3.8 million through Kickstarter in October 2013, more than 18 months after Kaio: King of Pirates was first announced.

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Matthew Handrahan avatar
Matthew Handrahan: Matthew Handrahan joined GamesIndustry in 2011, bringing long-form feature-writing experience to the team as well as a deep understanding of the video game development business. He previously spent more than five years at award-winning magazine gamesTM.
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