Digital Bros, through its subsidiary 505 Games, announced today that it has entered into a new worldwide publishing agreement with Remedy Entertainment for a brand new game for Xbox One and PC. Founded in Espoo, Finland in 1995, Remedy Entertainment is an internationally-renowned developer of some of the biggest franchises of the last 20 years, such as Max Payne, Alan Wake and Quantum Break. Over the years, Remedy’s games have received over 100 awards from various publications and organizations. Time Magazine even awarded Alan Wake with the Game of the Year title in 2010.
Digital Bros will publish a brand-new game by contributing €7.75 million and providing marketing and publishing services through 505 Games for digital and retail versions. The agreement includes a payment of 45% royalties on net sales. It’s definitely a fair partnerships between both parties and should serve Remedy Entertainment well.
The new game, codenamed Project 7 (P7), is 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. The game is built on Remedy’s proprietary Northlight technology so expect a visually-stunning experience.
“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”, commented Raffaele Galante, 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.”
Tero Virtala, CEO of Remedy Entertainment, 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 players engaged and playing for a long time to come. We are really excited to embark on this journey with 505 Games.”
It’s widely expected that this new project will feature a deep multiplayer mode. Maybe we’ll see more details about this game at E3 2017 but it seems like the project just got off the ground so it might be a few years before we have concrete information. This is definitely an exciting time for Xbox One owners because one of the best studios is making another game for the console!