Remedy Entertainment Teams up With 505 Games for New IP Codenamed Project 7

The long awaited sequel to Alan Wake might not be in the works just yet but developer Remedy Entertainment is definitely working on a new project. The company announced earlier today that it had signed a new publishing deal with 505 Games, a subsidiary of Digital Bros. Most of the details are still under wraps but we do know that 505 will contribute $7.75 million towards the development of a new game in collaboration with Remedy Entertainment.

The game is question doesn’t have an official name just yet but it is currently being referred to as Project 7 (P7). The upcoming title will be a new IP that sounds similar to Remedy’s previous projects in the sense that it will be a cinematic third-person action game. Project 7 is also said to feature an intriguing storyline and the deepest gameplay mechanics found in any Remedy game to date. In terms of the technology powering it, Project 7 will run on the proprietary Northlight game engine.

“We have a strong vision of what P7 should be,” said Tero Virtala, CEO of Remedy Entertainment. “505 Games brings into this partnership experience and competencies that help us successfully make this vision become reality together. Remedy is also investing in P7 and is deeply committed to creating a 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.”

Project 7 doesn’t have a release date just yet but the company did confirm that it will be available on PC, PS4, and Xbox One once it launches.

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