Mike Stubbs . Business . Sunday 17th April 2016 . 12:32
Mad Catz will no longer be the sponsor of the Capcom Pro Tour event at the Tokyo Game Show, as it has been for the last two years.
In a tweet the company said that it will have no presence at the show and therefore will not be the headline sponsor for the Street Fighter V tournament, despite having the sponsorship already confirmed. The tournament, which is one of the premier events on the Capcom Pro Tour will still go ahead, with Capcom promising more details soon.
Mad Catz has also dropped two of its Street Fighter players this week, with both Taniguchi “Tokido” Hajime and Hayashi “Mago” Kenryo losing sponsorship. The two players announced in an interview with Team Spiritzero that their contracts had not been renewed by Mad Catz, despite being with the company for almost five years. This leaves Daigo Umehara, as the only Mad Catz sponsored fighting game player, although he has not commented on his sponsorship since news broke of his teammates being let go.
All of this is a result of a poor year for the company after Rock Band 4 failed to do as well as they hoped. Mad Catz was the official hardware manufacture and co-publisher for the revival of the rhythm action franchise but poor sales have lead to the resignation of CEO Darren Richardson and huge financial losses.