Tencent and Remedy Entertainment partnered up for a new co-op game

Remedy Entertainment, the company behind Control and Alan Wake, has partnered with Tencent to make a new game.
Tencent Remedy Vanguard (2)
Remedy and Tencent are working on a new game.

Remedy Entertainment recently announced a new game. The game, called Vanguard for now, will be a multiplayer and cooperative (co-op) game. The game, which is free to play and designed as PvE (player versus environment), will be developed in collaboration with Tencent.

For the newly announced game, Remedy uses the following statements:

“Free-to-play, co-operative PvE shooter that combines Remedy’s narrative expertise and action gameplay into an immersive multiplayer experience.”

The game has no affiliation with the similarly named Call of Duty: Vanguard and should not be confused with it. Remedy, the name behind games such as Control and Alan Wake, will make its new game for PC, console, and mobile. While Remedy will undertake the work on the PC and console side, Tencent will step in for the mobile version. As per the agreement, worldwide copyrights of the mobile version have been granted to Tencent.

Under the deal, Tencent’s plans include localizing Vanguard for “selected Asian markets” and covering all costs for localization. It has been announced that the budget of the game, which is still in the early idea and development stage, will be in the range of Remedy’s AAA game budget.

Remedy and Tencent will jointly fund the development of Vanguard, and each company will be responsible for publishing and game operating costs in their respective regions. After the development costs are recouped, both companies will share a portion of the revenue with the other.

In May 2021, Tencent bought a 3.8% stake in Remedy, corresponding to 500,000 shares. The news of co-development came long after this share sale. It is not known whether Tencent’s shares in Remedy were involved in the decision to develop the game together.

Tero Virtala, CEO of Remedy Entertainment, made the following statements on the subject:

“Vanguard marks Remedy’s first entry into the 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 cooperative 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.” 

Remedy had previously formed a team called ‘Vanguard.’ The team with the same name as the game has been operating within Remedy since 2018. Although it is possible that the team of the same name is developing the game with the code name Vanguard, no precise information has been given about it.

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