Remedy Entertainment has released their financial statement for 2017, and they’ve also revealed their plans regarding their upcoming projects. Along with other new information, we also get to learn that the team is targeting a 2019 release for project P7, their third-person cinematic action game that is currently in the works. Remedy Entertainment has also seen some growth in the last year, with a full revenue increase of 4.6%.

Regarding the development of P7, the team stated, “Our other game project (besides Crossfire 2), project P7 that is being done with 505 Games S.p.A., proceeded from the pre-production phase to the production phase at the beginning of the period under review. The development of the game has progressed according to our plans. P7 is expected to be released during 2019.”

Additionally the team is also working on another project and is also set to begin working on a third project, according to the financial report.

The team also went on to discuss the improvements made to their in-house engine Northlight. They stated, “We have developed further the Northlight technology that serves our games, and also strengthened further the team developing it. In particular, multiplayer, artificial intelligence and animation technologies as well as our game development tools have taken significant steps forward.” A

ll in all, it sounds like the team is putting in a lot of effort in making P7 a brilliant game. Hopefully, we’ll get to hear more about the game soon enough.

Remedy Entertainment announced a few months ago that it was working on a new multiplatform title codenamed P7 and that it would be a third person shooter. While the news was surprising, especially since the developer has been working pretty much exclusively for the Xbox brand in the past decade, it’s actually been a long time coming.

According to creative director Sam Lake while speaking to GameReactor in Barcelona for GameLab, “Well, multiplatform for us has obviously been, as an indie developer, something we’ve been thinking about for a long time. I mean, we had a good, long relationship with Microsoft, but creating exclusives for them is creating exclusive content for their platforms.

“Now we have the opportunity…As a creator, you always hope that your creation could be there for as big of an audience as possible, and multiplatform obviously makes that possible in a new way. So that was definitely our goal. Personally, I’m not..We have a brilliant coding team, these days we actually have three tracks running inside Remedy.

“We have two game projects, we have P7 and then we are working with Smilegate, the Korean publisher, on a story campaign mode for their CROSSFIRE 2, but the third track is actually Northlight. It’s now kind of running on its own and serving both game projects at the same time. Part of the steps we’re working on right now is going multiplatform and PlayStation, especially for that.”

What’s it like working with 505 Games as a publisher for P7? Lake noted that it gave the studio the chance to learn some new things. “I think the opportunity of working with a new publisher [505 Games] is also to learn new things. I mean, they have a slightly different approach and there’s always room for more innovation, more growth and having a new perspective to try out new things.”

Stay tuned for more information since it could be a while before P7 is officially revealed.

In the wake of its multi-platform development and work on a new IP currently dubbed Project 7 or P7, creative director Sam Lake of Quantum Break and Alan Wake developer Remedy Entertainment discussed several things with Eurogamer. During the Digital Dragons conference at Poland, Lake discussed working with Microsoft, development on Quantum Break and much more.

He also discussed P7 and made it clear that this wasn’t a sequel to Alan Wake. “P7 is not an Alan Wake 2 – it’s worth saying out aloud.”

And though Lake would “love” to make Alan Wake 2, it’s not happening right now. “We are not making Alan Wake 2 at the moment. We own Alan Wake, I feel there is value in Alan Wake, I would love to do more Alan Wake, but these things, they are more than just creative ideas: there is a business side to it. There are many things that need to click into place to make it possible.”

He further recounts that, “Every time we have had [an Alan Wake 2] concept that we have taken to publishers and talked about, it has felt like the time and the place hasn’t been there to realise that vision. It has always felt like it would be a compromise for multiple reasons, and then we are not really doing the Alan Wake sequel we want to do.

“So for us Alan Wake is valuable, and if and when we would do it, we want to do it on our terms and make it the right kind of a sequel and not just do something, a compromise. That hasn’t happened yet.”

What could P7 be and what are your thoughts on Remedy going multi-platform? Let us know in the comments.

Quantum Break and Max Payne developer Remedy Entertainment has talked about working on a multi-platform title in the coming years. Its since announced a partnership with 505 Games who will help fund development of this new game.

505 Games’ investment will be €7.75 million with the project being codenamed P7. It’s a brand new IP being developed on the Northlight Engine, the same engine that Quantum Break was developed on. P7 will be heading to the PS4, PC and Xbox One and has been described as a cinematic third person action game taking place in a new universe. Interestingly, it was also described as possessing the “deepest game mechanics” in a Remedy game yet.

It will be interesting to see where this goes especially since Remedy has been confined to the Xbox family and PC with its past few games. What are your thoughts on P7? Let us know in the comments below and stay tuned for more information.