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MAY 4, 2026

/ 26

HELLO GIANT

Los Angeles, CA

MAY 4, 2026

/ 26

HELLO GIANT

Los Angeles, CA

02

STUDIO

ZA/UM (DISCO ELYSIUM CREATORS)

TYPE

CO-FINANCING (HG ONE OF 3 FINANCIERS)

STATUS

CONDITIONAL — WATCHLIST (MKT 22% BELOW FLOOR; COMMERCIAL SCALE RECALIBRATED POST-ZERO PARADES)

DOCUMENT DATE

MAY 29, 2026

PREPARED BY

HELLO GIANT CAPITAL

AUTHOR

DAN BUNTING

THESIS

Premium AA narrative RPG set in the Blade Runner off-world colonies, by Disco Elysium creators ZA/UM, licensed by Alcon Entertainment. $5M HG (publisher slot) in $22.5M three-financiernproject; full-project 100/75/50/40 waterfall. Game-first IP adaptation

MAY 4, 2026

/ 00

HELLO GIANT

Los Angeles, CA

METRIC

BEAR

BASE

BULL

WEIGHTED

Lifetime Units

250K

800K

1.8M

––

HG MOIC

1.54x

4.06x

7.29x

3.77x

HG XIRR

12.8%

47.0%

72.1%

29.5%

HG Proceeds

$7.71M

$20.29M

$36.44M

$18.83M

AUTH

EXEC

ORIG

MKT

TOTAL

BM_BASE

BM_BULL

3/5

3/5

3/5

2/5

11/20

0.85

0.7

THESIS

Film-IP-driven games succeed when they take a game-first innovative approach (Riddick: Butcher Bay, GoldenEye 007, Alien: Isolation, Shadow of Mordor) rather than predictable adaptation paths. ZA/UM's narrative density applied to Blade Runner's off-world colonies — with turn-based combat and dual replicant/runner perspective — is exactly the kind of unexpected pairing that produces breakouts. Zero Parades demo reception

THREE-INGREDIENT BELIEF SCORE

HEADLINE METRICS

MAY 4, 2026

/ 00

HELLO GIANT

Los Angeles, CA

03

METRIC

BEAR

BASE

BULL

WEIGHTED

Lifetime Units

250K

800K

1.8M

––

HG MOIC

1.54x

4.06x

7.29x

3.77x

HG XIRR

12.8%

47.0%

72.1%

29.5%

HG Proceeds

$7.71M

$20.29M

$36.44M

$18.83M

AUTH

EXEC

ORIG

MKT

TOTAL

BM_BASE

BM_BULL

3/5

3/5

3/5

2/5

11/20

0.85

0.7

THESIS

Film-IP-driven games succeed when they take a game-first innovative approach (Riddick: Butcher Bay, GoldenEye 007, Alien: Isolation, Shadow of Mordor) rather than predictable adaptation paths. ZA/UM's narrative density applied to Blade Runner's off-world colonies — with turn-based combat and dual replicant/runner perspective — is exactly the kind of unexpected pairing that produces breakouts. Zero Parades demo reception

THREE-INGREDIENT BELIEF SCORE

HEADLINE METRICS

MAY 4, 2026

/ 00

HELLO GIANT

Los Angeles, CA

04