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.”