Remedy Entertainment, the developer best known for its story-driven third-person action games, such as Alan Wake and Control, has agreed on a partnership with Tencent to develop and distribute an upcoming cooperative shooter codenamed Vanguard. The news comes by way of a press release published yesterday.
The IP is a Remedy original, a free-to-play, co-operative PvE shooter that combines Remedy’s narrative expertise and action gameplay. The game is developed with the Unreal Engine for PC and console platforms. Remedy will develop and publish the game worldwide, excluding selected Asian markets, where Tencent will localize and publish the game.
The game’s development is currently in the proof-of-concept phase. Its development budget up to the end of the first year of live operations will be in the range of a typical Remedy AAA game budget. This development will be co-financed by Remedy and Tencent. In addition, Tencent will localize the game for the selected Asian markets and cover the related localization costs.
As part of the agreement, Remedy has also licensed Tencent worldwide rights to develop and publish a mobile version of the game. Tencent will cover the costs for developing and publishing the mobile version. The parties have agreed on a separate revenue-sharing scheme for the mobile version.
Tero Virtala, CEO of Remedy Entertainment said of this week’s news:
“Vanguard marks Remedy’s first entry into Games-as-a-Service business model, executed by our top tier team of free-to-play experts. We are building something new and exciting for co-operative multiplayer space, on top of Remedy’s strengths. Expanding our capabilities to take on publishing responsibilities is the next step in the development of our company. We are excited for this long-term partnership with Tencent and with confidence can say that it is an excellent fit in supporting Vanguard’s ambitious plans. Vanguard is a global opportunity, and Tencent can support Remedy internationally, and lead the operations in Asia and the mobile markets.”
Remedy is currently developing the single-player campaign for CrossFire X (pictured above), a revamped console version of CrossFire HD, the most popular FPS in Asia which is headed to Xbox Series X|S exclusively this year.