Finnish studio Remedy Entertainment recent report to investors spoke about the changes in the development timeline for a shareware co-op shooter codenamed Vanguard.
Vanguard has been in production for several years (the project was mentioned in the 2019 financial report) but still hasn’t made it past the proof-of-concept stage. However, in May 2022, Remedy said that the game “great progress”.
As it became known, in order to improve the quality of Vanguard, Remedy decided to extend its proof-of-concept period and postpone a significant expansion of the development team until 2023.
As a result of the Vanguard situation and lower-than-expected gaming royalties, Remedy’s forecasts for the rest of the year have changed: Revenue will not grow compared to 2021 and operating income will decrease, although growth was previously expected.
Vanguard is being developed in collaboration with Chinese company Tencent for PC and unnamed consoles. As part of the agreement, the latter also received the right to develop a mobile version of the project.