Starbreeze to publish Psychonauts 2

Psychonauts 2 has a publisher: Starbreeze Studios, known for the Payday franchise and, most recently, Dead By Daylight.

In a news release announcing the terms of the deal, Starbreeze said it will invest $8 million into Psychonauts 2's development, marketing and distribution. In exchange, it will get 85 percent of Psychonauts 2's revenue until those costs are recouped, and then 60 percent of the revenue after that.

Double Fine Productions, the makers of Psychonauts 2, retain all rights to the intellectual property related to the game and franchise.

Psychonauts 2, the sequel to the popular 2005 platformer, was backed with $3.8 million through the equity crowdfunding site Fig. The original Psychonauts was considered a critical success but a commercial failure, developing a cult following. A smaller-scale virtual reality game, Psychonauts in the Rhombus of Ruin, comes to PlayStation VR on Feb. 21. Psychonauts 2 does not yet have a launch date.