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This morning, Finnish game developer Remedy Entertainment announced a couple of key changes to its core management team. First and foremost, Chief Operations Officer Christopher Schmitz has resigned and will leave the company on May 31.
Remedy has shared new details about Codename Condor, its co-op multiplayer Control spin-off.
Remedy has good news for fans of Alan Wake and Control, hinting that the time between games won't be as long as the wait between Alan Wake 2 and its predecessor. As the Remedy universe continues to grow, the studio behind Alan Wake and Control has ambitious goals for both series.
Alan Wake and Control developer Remedy Entertainment has seen its revenue drop by 22.2 percent for the year.
Remedy Entertainment has said players should expect a “more regular cadence of sequels” for Alan Wake and Control.
Today, Remedy released its latest quarterly report for the period between October and December 2023. Despite the successful launch of Alan Wake 2, which was the fastest-selling game ever made by the studio even launching in a highly competitive release window, Q4 2023 marked a decrease in both revenue and profitability compared to 2022 due to significantly increased investments in the other game projects and to the impairment charge cost (€ -7.2 million) related to the reboot of the free-to-play Project Vanguard, from now on known as Kestrel.
Remedy Entertainment has acquired full rights to the Control franchise from 505 Games.
Today, Remedy announced the acquisition of the full rights to the Control franchise from publisher 505 Games for €17 million, which is basically what the publisher had paid for the development of Control 2 and codename Condor to date. 505 Games will remain the publisher of the original Control through a transition period that will end on December 31, 2024.