KAIO: King of Pirates cancelled

Marvelous loses $3.8 million as a result.

KAIO: King of Pirates

Marvelous has cancelled Kaio: King of Pirates, its 3DS action RPG led by Comcept and Keiji Inaune.

According to Marvelous, Kaio was being developed as a powerful new IP for the company, but after sudden changes in the market environment that would make developing the initially planned cross media project difficult, it was decided that the company would cancel the project. As a result, Marvelous has lost 461 million yen (approx. $3.8 million USD).

KAIO was first announced in 2011 as due out in 2012. It was later delayed to 2013, then to 2014. And from there, well, you know.

Thanks, Games Talk.

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