Saudi Arabia Increases Stake in Capcom to 5% as Resident Evil Requiem Hits 6 Million Sales

Resident Evil Requiem has proven that Capcom’s reign in the gaming world is far from over. This latest installment has shattered records, becoming the fastest-selling title in the horror franchise’s history, just a year after Monster Hunter Wilds achieved the biggest launch for its series. The impressive sales and critical acclaim have caught the attention of both fans and industry analysts. In a significant move, Saudi Arabia, which is currently in the process of acquiring Electronic Arts, has secured a 5 percent stake in the studio behind Resident Evil.

The timing is significant, as Requiem reached 6 million sales within its first few weeks, as announced by Capcom. The company stated, “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.” Rumors of upcoming DLC later this year are already circulating, alongside hints of more plans as the franchise approaches its 30th anniversary.

In a related development, Saudi Arabia has expanded its gaming investments with a new 5 percent stake in Capcom, as reported by an outlet. This stock was acquired by the Electronic Gaming Development Company, a subsidiary of the MiSK foundation led by Crown Prince Mohammed bin Salman.

This is the same group that recently took control of SNK Corporation, integrated Cristiano Ronaldo into the new Fatal Fury, and oversaw the release of an AI-generated trailer for the fighting game’s second year of seasonal content. The company has stated that its investment in Capcom is purely for profit, adding to the existing 5 percent stake previously acquired by the Saudi Public Investment Fund.

Another arm of Saudi Arabia’s growing gaming ambitions is the Savvy Games Group, led by former Activision executive Brian Ward. In a recent interview, Ward discussed the group’s long-term vision following its acquisitions of notable companies like Scopely and Niantic. He emphasized that Savvy is not in a hurry to implement changes.

Saudi Arabia’s push into gaming investments is not just about financial gain; it also aims to enhance cultural influence and soft power. This strategy is particularly relevant given the recent geopolitical tensions in the region. Ward commented on the ongoing conflict involving the U.S. and Israel against Iran, noting that such escalations could alter perceptions of the region as a stable destination.

In addition to the turmoil, the war has led to rising global oil prices, which could benefit the company currently negotiating a $55 billion deal to acquire EA, largely financed through high-interest debt.

Moreover, Saudi Arabia has recently solidified its control over the largest Street Fighter tournament of the year, Evo, and is reportedly still pursuing additional acquisitions in the gaming sector. Despite calls for increased regulatory scrutiny, the current U.S. administration seems poised to approve the EA deal without significant obstacles.