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Remedy’s Co-Op Multiplayer Game Codenamed Vanguard Will Be Supported and Co-Financed by Tencent

Remedy Entertainment has announced that it has signed a global development, license, and distribution agreement with Tencent for its upcoming free-to-play, co-operative player-versus-environment shooter. Codenamed Vanguard, the game will be co-financed by the Chinese giant, who will also be responsible for localization duties in selected Asian markets.

As part of the agreement, Tencent will foot the bill for localizing and publishing the game in Asia whereas Remedy will do the same for the rest of the world. Both Remedy and Tencent will cover the costs of running Vanguard in their respective regions, but will share revenue via an undisclosed scheme that has already been agreed upon.

In a press release, Remedy CEO Tero Virtala said:

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.

Vanguard is currently in proof-of-concept phase. Remedy revealed that its development budget (up until the end of the first year of live operations) aligns with a typical Remedy AAA budget.

No further information about Vanguard is available at the moment.