With Remedy's co-founder and face of Max Payne - Sam Lake - appearing at all sorts of media events over the last month, it stands to reason he and his company wish to expand their grasp on the industry. And if a proposed IPO goes as planned, Remedy Entertainment will be well on their way to that goal.
Through an article published on GameIndustry.biz this morning, Matthew Handrahan pieced together the plans recently laid out by Remedy CEO Tero Virtala.
The group is eye-balling the Finland Stock Exchange and hopes to slot itself into a better position when it comes to negotiating development and expansion decisions in the future. It's all about retaining IP ownership with Rockstar now having full control over what happens with the Max Payne franchise that put Remedy on the map.
Remedy Entertainment Confirms Work Has Begun On A New Project - Codenamed 'P7'
Speaking through the statement, Remedy founder and chairman Markus Mäki said "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."
Following a 20% increase in sales last year, Remedy is planning a return to the PlayStation family of systems with its new engine. Hoping to release games "more often" than in the past, their new P7 project is expected to target more systems than their past titles. You can read more of their plans here.
