Max Payne and Quantum Break developer Remedy Entertainment announced today that they’ve partnered with publisher 505 Games on their next game. Codenamed P7, it’s in development for PlayStation 4, Xbox One, and PC, and will be available through both retail and digital stores.
Remedy added that P7 is a cinematic third-person action game set in a new universe:
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.
Tero Virtala, CEO of Remedy, 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.
With the agreement, Remedy will receive €7.75 million in development funding, marketing and publishing services through 505 Games, and 45% royalties on net sales. 505 Games will retain the rights to P7 for 20 years.
[Source: Remedy Games; Screenshot is from Quantum Break]