Remedy Entertainment has added another project to its busy dance chart. The studio is working with Tencent on a free-to-play co-op shooter codenamed Vanguard (no relation to the latest Call of Duty game).
The player vs. environment (PVE) title will “bring Remedy’s narrative expertise and action gameplay into an immersive multiplayer experience,” according to the developer. It’s making the game for PC and consoles, but it’ll probably be a while before Remedy gets a look at Vanguard, as it’s still in its proof-of-concept stage.
Remedy will publish the game in most countries, although Tencent will localize and publish it in some Asian markets. The companies are co-funding Vanguard, a live-service game that is regularly updated. Remedy and Tencent each pay their own publishing and operating costs, and they give each other a portion of the revenue after they recoup what they’ve paid for development.
In addition, Tencent will create and release a mobile version of Vanguard, Remedy’s original intellectual property. The Chinese conglomerate will cover development and publishing costs and share the revenues with Remedy.
“Vanguard marks Remedy’s first foray into the Games-as-a-Service business model, run by our top team of free-to-play experts. We are building something new and exciting for cooperative multiplayer space, on top of Remedy’s strengths,” Remedy CEO Tero Virtala said in a statement. “Vanguard is a global opportunity and Tencent can support Remedy internationally and lead its operations in Asia. and the mobile markets.”
Remedy has several other games on its slate. Back in June, it announced a co-op PVE game based on the awesome Control, as well as what sounds like a bigger budget sequel. Earlier this month, the studio confirmed they are making Alan Wake 2, a sequel to the 2010 cult classic that Remedy re-released this year. The developer is also working on the single-player component of first-person shooter CrossfireX.
As for Tencent, the long-term partnership builds on a long string of gaming deals the company signed in 2021. purchased or took a stake in more than 100 gaming-related companies this year. Most recently, Tencent acquired Back 4 Blood creator Turtle Rock Studios.
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