The Legend of Zelda: Ocarina of Time remake confirmed, coming this year

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Remakes take less investment than an all new game as the core framework and concepting is already done; Ocarina is also one of the most beloved and revered games of all time for 90s kids, so this is primarily aimed at Millennials who grew up with the original I imagine, followed by new audiences who may have heard of it but never actually experienced it.