505 Games enters a co-publishing and development partnership with MercurySteam for a new action RPG codenamed Project Iron

505 Games, through its parent company Digital Bros, and MercurySteam Entertainment have announced [PDF] a co-publishing and development partnership for a new action RPG.

Codenamed 'Project Iron', the game is described only as 'a third-person action RPG set in a dark fantasy world'. The project's initial development investment numbers at 27 million euros, and the IP will be co-owned by the two entities. No other details have been shared at this time, other than that the game is targeting a multiplatform release.

505 Games has published a number of games from a variety of developers in recent years, including Lab Zero Games' Indivisible and ArtPlay's Bloodstained: Ritual of the Night. MercurySteam is known for Castlevania: Lords of ShadowMetroid: Samus Returns, and the recently released Metroid Dread.

The full press release can be found below.

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Digital Bros Group (DIB:MI), listed on the Euronext STAR segment of Borsa Italiana and operating in the videogames market, today announces an agreement between its global publishing division 505 Games and MercurySteam Entertainment S.L. for the co-publishing and development of a new video game set for multiplatform global release.

Codenamed “Project Iron”, the new videogame is a third person action RPG set in a dark fantasy world.

The intellectual property (IP) of the game is co-owned by Digital Bros and MercurySteam Entertainment through the joint-venture MSE & DB S.L. set up under the Spanish Law.

Project Iron’s initial development investment amounts to Euro 27 million.

“We are thrilled to work with the team at MercurySteam, a proven studio that over the years has created numerous phenomenal IPs – including the recent hit release Metroid Dread in partnership with Nintendo” commented Raffi and Rami Galante, co-CEOs of Digital Bros Group. “With MercurySteam’s creative vision and talent and 505 Games extensive experience, gamers can expect a high-quality, captivating and engaging videogame.”

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