Some great news while I was on a short holiday in China. Last week, 505 Games announced they signed a 20 year long exclusive publishing deal for Remedy’s upcoming AAA videogame codenamed “P7”. 505 Games is also contributing €7.75 million in development funding and providing marketing and publishing services through 505 Games for digital and retail versions worldwide. P7 is slated for release on PlayStation 4, Xbox One and PC.
The new game, codenamed “Project 7” (P7) is 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. The game is built on Remedy’s proprietary Northlight® technology.
CEO of Remedy Entertainment, Tero Virtala, said “We have a strong vision of what P7 should be. 505 Games brings into this partnership experience and competences that help us successfully make this vision become reality together. Remedy is also investing in P7 and is deeply committed to creating an unique gaming experience that will keep the players engaged and playing for a long time to come. We are really excited to embark on this journey with 505 Games.”
To read the full press-release on this, including statements from 505 Games, click here.