Epic Games have officially announced they will publish new games from three development studios - Remedy Entertainment, Playdead and Gen Design. The partnerships are part of Epic's new multiplatform publishing initiative that will see developers retain 100 per cent of IP.

Epic Games will publish new games from Control creators Remedy Entertainment, Gen Design, the studio behind The Last Guardian and Playdead, the team that brought us Inside and Limbo. The company describe the new partnership as a "developer-first" approach, meaning that developers will retain 100 per cent of all intellectual property and total creative control over their games.

The studios will also get a 50 per cent profit share while Epic Games will cover up to 100 per cent of development costs, which include developer salaries, marketing, publishing costs, localisation and more.

"The Epic Games approach to publishing fundamentally changes the developer/publisher model, and aims to have the most developer-friendly terms in the industry, so that creators can focus on making great games," it is written in the announcement.

Epic Games CEO Tim Sweeney said that Epic are building the publishing model they always wanted for themselves when they worked on their own games that needed publishing. Head of Epic Games Publishing Hector Sanchez added that Epic will provide a solid foundation of project funding and services to all developers while they retain full creative control.

Tim Sweeney - Epic Games Tim Sweeney - Epic Games

More information about Epic latest publishing initiative and other development partners will be announced in the upcoming months.

Check out the full announcement here .