Remedy Multiplayer Game is co-funded by Tencent

Remedy Entertainment has announced that it has signed a worldwide development, licensing and distribution agreement with Tencent for the upcoming free-to-play, cooperative player-versus-environment shooter. code name Forefront, the game will be co-funded by the Chinese giant, who will also be responsible for localization tasks in select Asian markets.

As part of the agreement, Tencent will foot the bill for localizing and publishing the game in Asia, while Remedy will do the same for the rest of the world. Both Remedy and Tencent cover running costs Forefront in their respective regions, but will share the revenues through an undisclosed arrangement that has already been agreed.

In a press release, Remedy CEO Tero Virtala said:

Vanguard marks Remedy’s first foray into the Games-as-a-Service business model, run by our top-notch 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 our business development. We are excited about this long-term partnership with Tencent and can say with confidence that it is a great fit in supporting Vanguard’s ambitious plans. Vanguard is a global opportunity and Tencent can support Remedy internationally and lead its operations in Asia and the mobile markets.

Forefront is currently in the proof-of-concept phase. Remedy revealed that its development budget (until the end of the first year of live operations) matches a typical Remedy AAA budget.

No further information about Forefront is currently available.