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[chadskin]

The Finnish console and computer game developer Remedy Entertainment Ltd. is looking into listing the company on the Nasdaq Helsinki administered First North Finland market. Remedy is also considering in tandem an initial public offering (IPO). The listing is estimated to take place during May 2017.

The main purpose of the possible listing and IPO is to execute Remedy's growth strategy and cover the company's development and commercialisation expenses.

”We're developing our business in line with our strategy towards a multi-project model, which helps us release high-quality games to the global market more often. Our goal is to be one of most renowned game companies in the world", says Remedy CEO Tero Virtala.

In the future, Remedy wants to move to a stronger value chain position, allowing a better negotiating position and the possibility to keep ownership of the company-created brands. This supports better financial success and enables building longer lasting game brands with carefully selected partners.

”Remedy is a game company that has mastered the gaming business, creative content production and cutting edge technology. A successful game requires experience and skill to build a sustainable brand as well as comprehensive game development competence and the ability to commercialise games throughout their life cycles. You also need great business relations and solid funding to support all of this", says Remedy founder and chairman of the board Markus Mäki.

”The year 2016 was successful for Remedy and the console and computer game markets we represent keep growing strong. Our revenue grew 19.4%, being €16.4M. Our operating profit was €3.9M. The excellent financial developments were driven by the release of Quantum Break in spring 2016 and the profits from our game portfolio and projects in development", Tero Virtala continues.

Currently Remedy is developing in cooperation with the Korean publisher Smilegate a sequel to CrossFire, one of the world's most popular first person shooters. Remedy also has a project in preproduction with the working title P7. The company's strategy includes releasing games to a wider selection of platforms and devices, which is why Remedy is developing its Northlight© game technology also for PlayStation 4 consoles.

http://www.remedygames.com/remedy-p...rowing-into-a-multi-project-game-brand-house/

 

[AusRoachman]

Cant wait to see what they do next

- max payne was amazing
- alan wake was not the kind of game i normally play but absolutely loved it
- quantum break suprised me and is one of my favourite games

Do they own the IP for alan wake / quantum or do MS keep those ?

Either way i am excited for hopefully another great 3rd person shooter with that amazing engine

 

[Bluth54]

Cant wait to see what they do next

- max payne was amazing
- alan wake was not the kind of game i normally play but absolutely loved it
- quantum break suprised me and is one of my favourite games

Do they own the IP for alan wake / quantum or do MS keep those ?

I believe Microsoft owns the Quantum Break IP but Remedy owns the Alan Wake IP (but Microsoft has the publishing rights to Alan Wake and American Nightmare).

 

[Hydrargyrus]

I hope, once they leave the MS' bounds, the'll be free to make something with more soul than Alan Wake or Quantum Break

 

[illamap]

Based off Remedy's head of communications tweets +20 million AAA games are out of the picture. Focus on smaller scale games like hellblade which feel like AAA productions.

 

[AgentOtaku]

I hope, once they leave the MS' bounds, the'll be free to make something with more soul than Alan Wake or Quantum Break

wut!!!??

they plenty of soul

The problem is that they took waaay too long to get out and landed in a indifferent market

 

[JimmyRustler]

Just make Alan Wake 2 plz.

One of the few games I acknowledge that is mediocre in terms of gameplay but has probably the most oozing atmosphere ever, so I keep coming back to it (especially since I was able to replay it on PC).

 

[Sjefen]

As a PS only gamer this sounds good too me, I do like 3 person story driven games. There are not many of these developers around

 

[Kevin]

I bet we still don't get an Alan Wake 2.

 

[Arklite]

Crossfire seems to be a Korean version of Counter Strike 1.6. Odd project for Remedy to be working on but might be cool.

 

[Yager]

I hope, once they leave the MS' bounds, the'll be free to make something with more soul than Alan Wake or Quantum Break

What are you talking about?

Anyway, I wish them all the luck in the world.

Spoiler

Pls Alan Wake 2 T_T

 

[CheesecakeRecipe]

Alan, wake up.

 

[IbizaPocholo]

https://www.pcgamesn.com/remedy-new-game

Good news, Remedy fans: the studio’s mysterious P7 will finally be unveiled at E3. We’ve heard rumblings about Project 7 - that’s a working title, if you hadn’t guessed - since way back in 2016, with news that the Alan Wake and Max Payne studio would drop their long-standing partnership with Microsoft to bring the game to market with a new publisher.

 

[DynamiteCop!]

https://www.pcgamesn.com/remedy-new-game

Good news, Remedy fans: the studio’s mysterious P7 will finally be unveiled at E3. We’ve heard rumblings about Project 7 - that’s a working title, if you hadn’t guessed - since way back in 2016, with news that the Alan Wake and Max Payne studio would drop their long-standing partnership with Microsoft to bring the game to market with a new publisher.

I don't know how this would equate to them "dropping" their partnership with Microsoft, they've been a self-controlled company since forever. Microsoft hired them to create games that of which they made two for them. They're free to do as they please, they don't have to make a game with Microsoft.

 

[IbizaPocholo]

 

[JaffeLion]

I hope, once they leave the MS' bounds, the'll be free to make something with more soul than Alan Wake or Quantum Break

of course, its always MS' fault

 

[Shifty]

Hm, interested to see where this goes. Growth usually means safer less interesting games, and QB seemed somewhat safe already. We shall see.

#OneGenerationLate

 

[Nymphae]

Cant wait to see what they do next

- max payne was amazing

More please.