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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