Publisher 505 Games has entered an agreement with Remedy Entertainment which states that 505 will be publishing Remedy’s next title. Pretty neat stuff for 505 Games. Remedy’s next title is currently called Project 7 which is a pretty ambiguous working title, if we’re being honest. The project is described as a “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.”
According to the press release which made the announcement, 505 Games is providing 7.75 million euros to help fund development costs in exchange for 45-percent royalties on net sales. The deal gives 505 Games 20 years of exclusive rights to Project 7.
Perhaps the most interesting part of this agreement is that the game, whatever it will be called, will be coming to PlayStation 4 as well as Xbox One and PC, unlike the studio’s previous titles Quantum Break and Alan Wake which were both Microsoft exclusives. The game is being built on Remedy’s proprietary Northlight engine.