Capcom Vancouver's Dead Rising 4 (2016). Some employees will remain until January 2019, for logistical reasons. It's most notably responsible for "Dead Rising" and the free-to-play game "Puzzle Fighter".
"As a result of reviewing titles in development at Capcom Vancouver, Capcom has chose to cancel the development projects at this studio and will concentrate development of major titles in Japan", a company rep told the site. As a result, 158 people have lost their jobs.
In a statement given to GI.biz, Capcom said that it is "focused on increasing the efficiency and growth of its game development operations".
At the time, it was said that work on Dead Rising 5 had begun but today, Capcom officially shut down the studio, cancelling multiple projects.
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"In consideration of this process, as a result of reviewing titles in development at Capcom Vancouver, Capcom has chose to cancel the development projects at this studio and will concentrate on the development of major titles in Japan", the statement says.
In February, following layoffs hitting 30% of the studio, a Capcom rep told Kotaku that "the team is continuing to work hard to support the recent release of Puzzle Fighter for mobile and is dedicated to its flagship Dead Rising series".
Dead Rising 5 might be possibly canceled if it was ever in development as the series is put on hold due to the cancellation of several projects at the main studio behind it.
As said, Capcom haven't shared what will become of the third-person survival game, so there's every chance the main studio could pick up where Vancouver left off. The result, 2010's Dead Rising 2, was a sales success, resulting in the company being acquired and renamed by Capcom.