Remedy Entertainment Plc Press release November 13, 2023 at 2:00 p.m. EET
Remedy Entertainment plans to reboot codename Vanguard to a premium game with a strong cooperative multiplayer component
Remedy Entertainment Plc today announces a reboot of its cooperative, free-to-play multiplayer game project codenamed “Vanguard”, hereafter “Kestrel”, as a premium game with a strong, cooperative multiplayer component.
Remedy signed a global agreement with Tencent as its publishing partner on December 28, 2021, to develop Vanguard. Due to uncertainties in creating a successful game to the rapidly changing free-to-play market and associated risks, the parties have discussed a new direction for the game project, which will be given the new codename, “Kestrel.”
The reboot comes as the project has reached the end of its proof-of-concept phase and after Remedy and Tencent had time to evaluate the project’s status and its next steps.
The project will return to a concept phase. Part of the former Vanguard development team will move to work on Remedy’s other ongoing projects, while the core leadership and select members of the development team of Kestrel will focus on the project’s new direction from the concept stage onwards to create a premium game with a strong cooperative multiplayer component. The new experience will lean more into Remedy’s core strengths and be built on many of the features, assets and themes already designed for Vanguard.
“We have made some great strides in free-to-play and multiplayer development in Vanguard. After a lot of careful consideration, we believe that taking on a new direction where the game will be built more around Remedy’s core competences is the right way to go. We are creating another distinct Remedy game with Tencent’s continued support in making a great cooperative multiplayer experience”, said Tero Virtala, the CEO of Remedy Entertainment.
REMEDY ENTERTAINMENT PLC
Tero Virtala, CEO
Phone: +358 9 435 5040
Veli-Pekka Puolakanaho, Head of Corporate Development and IR
Phone: +358 50 430 0936
Remedy in brief
Remedy Entertainment Plc is a pioneering, globally renowned video game company founded in 1995 and headquartered in Finland with an office in Stockholm, Sweden. Known for its story-driven and visually stunning action games, Remedy has created multiple successful, critically acclaimed franchises such as Alan Wake, Control, and Max Payne. Remedy also develops its own Northlight® game engine and tools technology that powers many of its games. Remedy’s shares are listed on Nasdaq Helsinki’s official list.