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Darwinianevolution said:
Well, of course Sega is involved. It's their IP, and it's probably the biggest title they have in developement.


Nope, SEGA's involvement is just recent. Shenmue 3 is being developed at Ys Net of KS funds.

 

They will most likely be doing the remasters and would not be shocked if they took over some of publishing duties and paid rest of development.