A third-person action game set in a new Remedy-created universe.

Cool, but can't help but notice something is missing there. Hmm

awesome status

Harbor Freight coupon may 2017

€7.75 million doesn't sound that much for the type of game Remedy makes, they surely must have other investors. Or it turns out to be episodic and they're gonna wait and see how Episode 1 does before committing on 2. 505 is not a big publisher.

Shame MS doesn't fund Alan Wake 2 tho, there need to be more games with that kinda vibe.

Took me a while to realize what you meant, thats how much of a given it is for me by now.

To OP: I legit thought they were a first party studio for Xbox, so color me surprised

@Turkish:
7.75m euros is only 505/DigitalBro's own investment. The article doesn't specify Remedy or other parties' investment.

If remedy doesn't make changes in how they develop games, this might be their last game ever.

Without a big name like Microsoft covering their losses and indulging their ambitious and expensive ideas, they won't last long.

When Remedy was under Microsoft, they games' sales were terrible. Alan Wake and Quantum Break not an excellent, but quite good games. And they didn't deserve so little sales.
I hope this time, without IP-killing publisher, everything will be alright.

Nice, smart money move for Remedy. Now they can get some better sales.

Another source.

Remedy Entertainment’s New Game “P7” for PS4/Xbox One/PC Will be Published by 505 Games

We learn more about the new game by the developer behind Quantum Break and Alan Wake.

Today Quantum Break and Alan Wake developer Remedy Entertainment announced that its upcoming new game code named “P7” will be published by 505 games.

505 games is a label of the Italian publishing and distribution group Digital Bros, and will publish the game worldwide.

As part of the deal, the publisher will fund development of the game with an investment of €7.75 million, plus 45% royalties on net sales and marketing services.

We also learn a bit more about the game, which is described as follows:

“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.”

Digital Bros CEO Raffaele Galante accompanied the announcement with a comment:

“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. 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.”

Remedy Entertainment CEO Tero Virtala also commented:

“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.”

 

 

http://www.dualshockers.com/2017/05/03/remedy-entertainments-new-game-p7-ps4xbox-onepc-will-published-505-games/