Remedy Entertainment has signed a worldwide publishing deal with 505 Games for its mysterious new game, codenamed Project 7.
505 Games will publish the game both physically and digitally for Xbox One, PlayStation 4, and PC, according to a press release, and as part of the deal will contribute €7.75 million in development funding. In exchange, the publisher will take 45 percent royalties on net sales.
According to the release, Project 7 “is a cinematic third person action game set in a new Remedy-created universe” and features “an intriguing story and a game structure offering a long-lasting experience.” The game is being developed using Quantum Break‘s Northlight Engine and will contain the deepest game mechanics in a Remedy title to date.
“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 CEO Tero Virtala said. “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.”
No release date for Project 7 has been announced.