Finnish company Remedy and Chinese Tencent sign giant deal – big budget computer game coming

Remedy Entertainment states in a press release that it has signed a global development, licensing and distribution agreement Tencentin co-op multiplayer with the Vanguard code name.

According to the release, the game development budget corresponds to the typical AAA game budget for Remedy. Remedy and Tencent are co-financing the development of the game. Tencent will localize the game to select Asian markets and cover the associated costs.

Remedy says game development is in the proof-of-concept phase. The game is an original IP developed by Remedy, a PvE (Player vs. Environment) shooting game that can be downloaded for free and in collaboration with other players.

The game is being developed by Unreal Engine for PC and console platforms. Remedy develops and publishes the game worldwide, with the exception of selected Asian markets where Tencent localizes and publishes the game.

Remedy and Tencent will bear their own publishing and operating costs in their respective geographies, sharing part of the game’s revenue with the other party after covering development 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 bear the cost of developing and publishing the mobile version. For the mobile version, the companies have agreed on a separate revenue sharing model.

“Vanguard is Remedy’s first contact with the Games-as-a-Service (GaaS) business model,” says Remedy’s CEO Tero Virtala in the bulletin. “We are taking the next step in the development of our company by expanding our capabilities by taking responsibility for publishing the game.”

“Tencent is able to support Remedy internationally and lead Asian operations and the mobile market.”


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Source: Tivi by

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