Remedy Entertainment, the developer behind Control and Alan Wake, have signed a “global development, license, and distribution agreement” with Chinese tech giant Tencent for their upcoming co-op multiplayer game codenamed Vanguard (not related to COD Vanguard).
The game is Remedy’s own intellectual property and its development is still in the proof-of-concept phase. The company states that it will be developed on the Unreal Engine and it’ll be a free-to-play, immersive narrative experience for PC and consoles. “The game codenamed Vanguard (“the game”), Remedy’s original intellectual property, is a free-to-play, co-operative PvE shooter that combines Remedy’s narrative expertise and action gameplay into an immersive multiplayer experience,” Remedy said in the announcement post.
Remedy has signed a global development/license/distribution agreement with Tencent for their co-op multiplayer game codenamed Vanguard (in development)
— Nibel (@Nibellion) December 28, 2021
Remedy Entertainment will publish the game everywhere except select Asian markets
While the game is their own IP, Remedy will develop and publish it everywhere except a few Asian markets, and that’s where Tencent comes in. “Remedy will develop and publish the game worldwide, excluding selected Asian markets, where Tencent will localize and publish the game,” the company said. “Remedy and Tencent will be responsible for their own publishing and game operating costs in their respective territories while sharing a portion of revenue to the other party after the recoupment of the development costs,” they added.
As a part of this deal, Tencent has received worldwide rights from Remedy Entertainment to develop and publish a mobile version of the game. It’s cost will be covered by Tencent but both parties will share its revenue.
“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.” Tero Virtala, CEO of Remedy Entertainment.