Capcom announced on Monday that the company has entered into a cross-licensing agreement with Bandai Namco Entertainment. The agreement is related to online matching in properties such as the Street Fighter game series.

Capcom said in the announcement's press release:

The purpose of this agreement is to improve the user experience while accelerating the production of titles and reducing development costs for both parties. Further, with this cross-license for online matching, Capcom aims to effectively utilize the patents it has been granted in game series such as Street Fighter in order to deliver even more exciting content to game players. With this agreement as a starting point, Capcom will continue to explore cross-licensing opportunities in order to safeguard its patents while improving the user experience and contributing to a healthier game industry.

Capcom's Ultra Street Fighter II: The Final Challengers game launched for the Nintendo Switch worldwide on May 26. The game is part of the 30th anniversary celebration for Capcom's Street Fighter series.

[Via Gematsu]