Noritaka Funamizu recently founded the new independent development studio Craft and Meister. This is notable because Noritaka Funamizu helped produce Street Fighter II. More recently, he helped on Resident Evil Outbreak and Monster Hunter as boss of Capcom's Research and Development Division 1. Also joining him is Katsuhiro Sudo who worked jointly with Funamizu in Capcom's Research and Development Division 1 as the producer of both Auto Modellista and Mobile Suit Gundam: Federation vs. Zeon.

Craft and Meister currently has only 6 members, and is recruiting for their core team. No projects have been announced yet. Craft and Meister marks the third time in the past year that a new development studio has been formed by Capcom cronies (whether they are ex or not), the other two being Game Republic and Clover studios.