Out of the Blue Games

What Out of the Blue Games does

Out of the Blue Games S.L. is an independent video game development studio headquartered in Madrid, Spain, founded in 2018 by veteran developers Tatiana Delgado and Manuel Fernandez. The studio operates a remote-first, ~12-person core production model and builds narrative puzzle adventure games in Unreal Engine 5, with a portfolio that includes Call of the Sea (December 2020, first-person puzzle adventure set in the 1930s South Pacific), Call of the Sea VR (April 2023, Meta Quest 2 adaptation), American Arcadia (November 2023, a 2.5D platformer / first-person puzzle hybrid set in a 70s retro-futuristic dystopia), Call of the Elder Gods (May 2026, Lovecraftian sequel to Call of the Sea), and the in-development title The Vigilante Diaries (narrative RPG for Nintendo Switch and Steam).

The studio's technology foundation combines Unreal Engine 5 with proprietary gameplay innovations: a dual-character switching system in Call of the Elder Gods and multi-perspective gameplay in American Arcadia that integrates 2.5D side-scrolling platforming with first-person sections and a custom CCTV-style camera transition. A distinctive narrative approach reframes Lovecraftian themes around 'rise to sanity' and emotional depth rather than horror. The team works with high-profile voice talent including Yuri Lowenthal, Cissy Jones, and Krizia Bajos.

Revenue is generated through a product-led, multi-channel distribution model: digital one-time license sales across Steam, PlayStation Store, Xbox Store, Epic Games Store, GOG, Humble Bundle, and Meta Quest Store; day-one Xbox Game Pass releases with associated revenue share; DLC bundles (soundtrack, artbook, Deluxe Editions); and European physical collector editions via Meridiem Games. Publishing, marketing and distribution support are delivered through a core partnership with Raw Fury.

Name

Out of the Blue Games

Legal name

Out of the Blue Games S.L.

Website

https://outbluegames.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Out of the Blue Games is a Madrid-based independent game studio that designs and develops narrative puzzle adventure games in Unreal Engine 5, including the Call of the Sea franchise and American Arcadia, distributed digitally worldwide and via Raw Fury.

Ownership category

akta.pro rank

Product category

Video Games

NAICS

Software Publishers (5132)

SIC

Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Narrative/Adventure & RPG Game Studios (MPAFAAAL)

akta.pro secondary industry

AAA & Premium Game Studios (PC/Console) (MPAFAAAA)

Keywords

• Narrative puzzle games
• Adventure video games
• Indie game development
• Virtual reality games
• First-person adventure

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Game Sales (Digital): Direct sales through digital storefronts including Steam, PlayStation Store, Xbox Store, Epic Games Store, GOG, Humble Bundle, and Meta Quest Store
2. Game Sales (Physical): Physical boxed collector editions sold through retail partners including Meridiem Games for European distribution
3. VR Port: Virtual reality adaptation of Call of the Sea released on Meta Quest 2 at $19.99
4. Downloadable Content: Soundtrack ($5.99), Artbook ($2.99), and Deluxe Edition bundles sold as add-ons
5. Game Pass Revenue: Day-one releases on Xbox Game Pass including Call of the Elder Gods generate subscription revenue share

Pricing tiers

Go-to-market motion2 records

Distribution channels9 records

Marketing channels7 records

Core offering

Out of the Blue Games is an independent video game development studio that designs, develops, and publishes narrative-driven puzzle adventure games for PC, consoles, and VR platforms. The studio creates premium single-player titles built on Unreal Engine 5, featuring fully voice-acted stories, distinctive visual styles, and innovative mechanics such as dual-character gameplay and multi-perspective integration, and distributes them globally via digital storefronts (Steam, PlayStation, Xbox, Epic, GOG, Meta Quest) and through publisher Raw Fury.

Product overview

Out of the Blue Games is an independent game development studio based in Madrid, Spain, specializing in narrative puzzle adventure games with high production values. The company's portfolio includes Call of the Sea (2020) - a first-person adventure puzzle game set in the 1930s South Pacific, Call of the Sea VR (2023) - a Meta Quest 2 virtual reality adaptation, American Arcadia (2023) - a dual-perspective 2.5D platformer and first-person puzzle game set in a 70s retro-futuristic dystopia, The Vigilante Diaries (upcoming) - a narrative RPG, and Call of the Elder Gods (2026) - a Lovecraftian puzzle adventure sequel. The studio operates as a game developer with no API, integrations, or AI capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Call of the Sea A first-person adventure puzzle game set in the 1930s South Pacific where players follow Norah as she searches for her missing husband Harry, exploring a mysterious island filled with puzzles, lost ruins, and occult mysteries. Fully voiced by Cissy Jones. Released on multiple platforms including Steam, PlayStation 4, PlayStation 5, Xbox, Epic Games Store, GOG, and Humble Bundle.
• Call of the Sea VR A virtual reality adaptation of Call of the Sea for Meta Quest 2, allowing players to explore a tropical island paradise in first-person VR, solving puzzles and discovering the story of Norah. Features full voice-over in English, French, and Spanish with Japanese and German localization available.
• American Arcadia A 2.5D puzzle-platformer combined with first-person gameplay set in a 70s retro-futuristic metropolis. Players escape a televised utopia by controlling Trevor in side-scrolling platforming sections and Angela in first-person hacking gameplay. Features voice talent Yuri Lowenthal, Krizia Bajos, and Cissy Jones.
• Call of the Elder Gods A Lovecraftian narrative puzzle adventure and sequel to 2020's Call of the Sea. Players follow Harry Everhart and Evangeline Drayton as they journey across the world to uncover ancient horrors, featuring object-based puzzles and a fully voice-acted story. Rendered in Unreal Engine 5.
• The Vigilante Diaries A narrative-driven role-playing game where players assume the role of a masked vigilante, defining their appearance, rules, methods, and red lines. Part of the anthology 'An Out of the Blue Story.' Planned release for Nintendo Switch and Steam.

Quantifiable outcome

• BAFTA Awards nomination for Best Debut Game with Call of the Sea
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Meridiem GamescoreChannel Partner/ Reseller/ Distributor · 1 January 2022Partnership for physical boxed collector editions of Call of the Sea (Journey Edition, Norah's Diary Edition) and handling of physical distribution across European retail stores.
• Steam (Valve)coreTechnology or Integration · 1 January 2022Primary digital distribution platform for PC games. American Arcadia featured in Steam Next Fest demo event.
• Ia Ora Tahiti International SchoolminorStrategic or Co-development Partner · 1 January 2020Cultural consultant partnership for accurate and respectful representation of Polynesian culture in Call of the Sea. Yunick Vaimatapako served as cultural consultant.
• Raw FurycoreChannel Partner/ Reseller/ Distributor · 1 January 2019Publisher partner for Call of the Sea and American Arcadia. Raw Fury handles publishing, distribution, and marketing support for the studio's titles. Collaboration began in 2019 with Call of the Sea and continued for American Arcadia.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• The Chinese Room: Developer of Dear Esther, Everybody's Gone to the Rapture, and Amnesia: A Machine for Pigs. Comparable as a narrative-first adventure studio with similar headcount producing atmospheric first-person story-driven games.
• Campo Santo: Independent developer of Firewatch. Comparable as a small narrative adventure studio producing critically acclaimed story-driven premium titles; subsequently acquired by Valve, illustrating the indie-to-acquisition pathway.
• Giant Sparrow: Independent game studio behind What Remains of Edith Finch. Directly comparable as a small narrative adventure studio producing story-driven premium indie titles for PC and console.
• Mobius Digital: Developer of Outer Wilds. Comparable as a small narrative exploration/puzzle studio producing critically acclaimed premium indie titles with strong critical reputation and Word-of-mouth-driven success.
• Mountains: Australian indie studio behind Florence. Comparable as a small narrative-focused studio producing short-form premium story-driven games with distinctive art direction.
• Thunder Lotus Games: Independent studio behind Spiritfarer and Jotun. Comparable as a small narrative-adventure indie studio producing story-rich premium titles with similar headcount.
• Playdead: Danish indie studio behind Limbo and Inside. Comparable as a small team producing critically acclaimed puzzle-adventure games with distinctive visual identity for premium console/PC release.
• Sam Barlow / Half Mermaid Productions: Developer of Her Story, Telling Lies, and Immortality. Comparable as a narrative-game studio focused on story-rich premium indie titles with cross-platform release and broad critical acclaim.

Broad incumbents

• Annapurna Interactive: Major narrative-game publisher behind What Remains of Edith Finch, Outer Wilds, and similar titles. Comparable as the broader incumbent publisher specialized in story-driven indie titles that anchors the same market segment.

Others

• Raw Fury: Out of the Blue Games' publisher partner handling distribution for Call of the Sea and American Arcadia. Directly comparable as the publishing infrastructure counterpart enabling the studio's market access.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/outbluegames
• Instagraminstagram.com/outbluegames

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Out of the Blue Games