News

505 Games Publishing Remedy's Next Title

by Jeff Cork on May 03, 2017 at 10:11 AM

Publisher 505 Games announced it has signed a deal with Remedy Entertainment to publish and promote the studio's next game. The game, which is referred to as Project 7, is described as "a cinematic third person action game set in a new Remedy-created universe. Featuring an intriguing story and a game structure offering a long-lasting experience, P7 contains the deepest game mechanics yet in a Remedy game."

According to the press release, 505 Games is providing 7.75 million euros to help fund development costs, as well as marketing and publishing services in exchange for 45-percent royalties on net sales. The deal gives 505 Games 20 years of exclusive rights to Project 7.

One of the most interesting aspects of the announcement is that the game is coming to PlayStation 4, in addition to Xbox One and PC. The studio's last major releases, Quantum Break and Alan Wake, were both Microsoft exclusives. The game is being built on Remedy's Northlight engine.

 

Our Take
Looking over the past few years, 505 Games has done a great job of reinventing itself as a company. It's published games including Abzu, Virginia, and the upcoming Bloodstained from Castlevania veteran Koji Igarashi – a significant jump in quality from past games like Michael Phelps: Push the Limit and Naughty Bear.