According to the press release by Remedy Entertainment, they have signed a worldwide publishing deal with 505 Games for their upcoming game. 505 Games, a Digital Bros subsidiary, has invested €7.75 million (Php. 422,987,250.00 // USD 8,458,350.00) for both marketing and publishing services (retail and digital). The exclusive rights to publish the game will be for 20 years.
Remedy Entertianment is known for Max Payne, Alan Wake, and their latest Microsoft exclusive, Quantum Break. Over the years, Remedy Entertainment gained various awards from major games publication, even including a Game of the Year (GotY) award for Remedy’s Alan Wake in 2010 from Time Magazine.
This upcoming project is named P7, or Project 7. No, it’s not Persona 7. It’s going to be a third-person action title that is set in a Remedy-created universe. This means it might be somewhere in the distant future, or a possible sci-fi action.
“It is a sign of how far 505 Games has come that we are now in a position to partner with such a talented development studio as Remedy Entertainment”. said Raffaele Galante, the CEO of Digital Bros.
“Our mutual life-stages, ambitions and business objectives are actually very well-aligned and we are excited to enter into what feels like a very natural partnership. The agreement fits perfectly with our strategy of continuous improvement of the quality and the potential returns of our portfolio.”
CEO of Remedy Entertainment, Tero Virtala, said “We have a strong vision of what P7 should be. 505 Games brings into this partnership experience and competences that help us successfully make this vision become reality together. Remedy is also investing in P7 and is deeply committed to creating an unique gaming experience that will keep the players engaged and playing for a long time to come. We are really excited to embark on this journey with 505 Games.”
Project 7 is expected to release on PS4, Xbox One, and PC platforms when it launches. More details about Project 7 soon when they’re made available. Stay tuned!