The Lies of P sequel is officially moving forward. Neowiz, the South Korean publisher and co-developer behind the 2023 soulslike hit, confirmed in a recent investor report that the sequel's prototype has been approved and the project is now entering full production.
The announcement arrives as positive momentum continues around the original game, which has sold over 3 million copies. The DLC expansion Overture, released during last year's Summer Game Fest, has stabilized in revenue generation, according to Neowiz's filing.
No release window has been provided for the sequel yet. The company is also pursuing broader franchise development beyond games, with plans for what it calls "global IP franchising and fandom-centered operations" aimed at driving growth across multiple revenue streams.
Neowiz emphasized narrative as a competitive advantage in its report to investors. The company argued that as development costs rise globally, storytelling has become essential to stand out in a crowded market. Technical prowess alone no longer guarantees commercial success, the publisher suggested.
"Narrative is a core competency for Round8 and a key element in driving user immersion," the report stated. "In an environment where global development costs are rising, it is difficult to gain market recognition through technical or sheer volume-based investment alone, making narrative even more critical."
That philosophy has shaped Neowiz's recent hiring decisions. Directors Jin Seung-ho and Lee Sang-gyun joined the studio specifically for their storytelling abilities, the company indicated.
The publisher also addressed questions about its expanding portfolio across different genres. Neowiz said the diversification was organic rather than strategic. When evaluating new projects, the company applies three tests: whether the concept feels original and fun, if it has market competitiveness, and whether Round8 has the internal capability to develop it.
"The lineup naturally diversified because our directors brought forward persuasive and attractive proposals that met these conditions," Neowiz explained. Managing multiple projects simultaneously is challenging, the company acknowledged, but allowing creative leaders to pursue concepts where they have the strongest motivation and skill set increases the odds of success.
The Overture DLC introduced new locations, enemies, bosses, characters, and weapons to the base game. It also sparked some controversy by adding two easier difficulty modes to a franchise known for challenging combat. Since launch, the expansion has received patches adjusting monster difficulty in repeat playthroughs and tuning enemy stats in early encounters.
Neowiz also hinted at a new original IP currently in development, though few details emerged in the investor report.
Author Emily Chen: "Neowiz is betting heavily on narrative-driven experiences and smart talent acquisition, which makes sense for a studio that proved lightning in a bottle with Lies of P."
Comments