Remedy Entertainment announces Vanguard, which is the codename for a free-to-play PvE multiplayer shooter coming to PC, consoles, and mobile. This doesn't yet carry a release window, but early details include that this is a Games-as-a-Service project being developed on the Unreal Engine 5 to be published in Asia by Tencent and by Remedy in other territories. Here's what we know so far:

The game codenamed Vanguard (“the game”), Remedy’s original intellectual property, is a free-to-play, co-operative PvE shooter that combines Remedy’s narrative expertise and action gameplay into an immersive multiplayer experience. The game is developed with the Unreal Engine for PC and console platforms. Remedy will develop and publish the game worldwide, excluding selected Asian markets, where Tencent will localize and publish the game.

The game’s development is currently in the proof-of-concept phase. Its development budget up to the end of the first year of live operations will be in the range of a typical Remedy AAA game budget. This development will be co-financed by Remedy and Tencent. In addition, Tencent will localize the game for the selected Asian markets and cover the related localization costs.