Payday developer Overkill Software's cooperative first-person shooter based on The Walking Dead will release on PlayStation 4, Xbox One, and PC, the developer's parent company Starbreeze has announced.

505 Games will publish the shooter, giving Starbreeze for a $10 million licensing fee and royalties on console sales.

"We believe that 'Overkill's The Walking Dead,' represents a huge opportunity to duplicate, even eclipse the success Payday 2 has enjoyed in the last few years by leveraging the existing business relationship between our two companies," CEO of 505's parent company Digital Bros Raphael Galante said in a statement.

The Payday series, in case you're wondering, has sold more than 9 million copies as of December 31, 2014, and Payday 2 single-handedly pulled Starbreeze out of a 15-year loss in six months.

The developer previously said Overkill's The Walking Dead will deliver a "completely new co-op experience" to the Walking Dead universe that will explore new characters and storylines. The game is being made with the blessing of The Walking Dead creator Robert Kirkman, who says he was certain from the first day he saw the project that it was the "co-op action game fans have been waiting for." It is also the result of a new "long-term" partnership between Starbreeze and Kirkman's Skybound Interactive company. This partnership will extend "into the next decade" and marks a new era for Starbreeze, the company said.

The game is scheduled to launch in 2016.