Remedy Entertainment and Tencent Are Working Together on a New F2P PvE Project Called Vanguard
Remedy Entertainment has officially announced that they just signed a global license, development, and distribution agreement with Tencent Games. These two gaming juggernauts are working on a new co-op multiplayer, free-to-play PvE shooter that they dubbed Vanguard.
This is not the first time that the gaming community has heard of the project. However, this would be its biggest announcement to date. Tencent will now officially co-finance the game’s development. Also, they hold the responsibility of developing and publishing the title’s mobile version.
“Vanguard marks Remedy’s first entry into games-as-a-service business model executed by our top tier team of free-to-play experts,” said Remedy CEO Tero Virtala. “We are building something new and exciting fo co-operative multiplayer space on top of Remedy’s strengths.”
Tencent is going to publish and localize Vanguard in select gaming markets in Asia. They will cover all localization costs. Both companies will be sharing a portion of the revenue once the costs of development have been recouped. Meanwhile, Remedy is going to be responsible for the game for the rest of the world.
“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,” Virtala continued. “Vanguard is a global opportunity, and Tencent can support Remedy internationally and lead the operations in Asia and the mobile markets.”
The devs are going to develop Vanguard with the Unreal Engine. At the moment, the upcoming title is “in the proof of concept phase.” Also, its “development budget up to the first year of live operations will be in the range of a typical Remedy AAA game budget.”
This announcement of Remedy and Tencent working together on Vanguard comes after May 2021 news of the latter acquiring a 3.8% stake in the former. This acquisition amounts to about 500,000 shares. At the time there was no game announcement. Now, however, things have certainly changed.
Are you looking forward to this collaboration? Let us know in the comments below.