Remedy Entertainment has released its half-year financial statements. In it, she indicated that revenue increased by 23% compared to last year, and the growth in operating profit was 116%. The studio also shared interesting details about current projects.
Remedy Entertainment CEO Tero Virtala talked about the status of the Finnish studio’s projects, starting with the multiplayer game codenamed Vanguard.
“The team working on Vanguard, a project also based on our intellectual property, has continued to develop an internal test version that is continually evaluated, reviewed and revised., – he said. – Some elements of the game look very promising, some have been reworked. We continue to iteratively develop Vanguard to combine a long-term multiplayer service experience with Remedy’s unique gaming style. The game is being developed on the Unreal Engine 4, it is at an early stage and a small team is working on it “…
The studio is also working on two unannounced games to be published by Epic Games. Virtala even provided brief information on both projects. Both games will be in the same franchise. One of them is a smaller project. For them, Remedy Entertainment chose a publisher from several candidates, but Epic Games came up best of all. It covered the cost of development and marketing, and as soon as these costs are paid off through sales, the developer will begin to receive 50% of the net profit.
“Both projects are based on intellectual property created and owned by Remedy, and we retain complete creative freedom and ownership in this regard.”– he added.
In addition, Remedy Entertainment is in the process of improving the Northlight engine for next generation consoles.
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