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Remedy Has Gained Full Rights To Control Series From 505 Games

Remedy has announced that it has acquired full rights to the Control franchise from 505 Games, which includes the original game and the upcoming sequel plus any future project.s

Speaking on the news, Tero Virtala, CEO of Remedy, commented:

Ever since we signed up with 505 Games in 2017 to develop and publish Control, we have enjoyed a good partnership in building Control into a successful game that has sold over 4 million units and generated shareable net revenue of approximately EUR 100 million to Remedy and 505 Games. As part of Remedy’s long-term strategy to have more ownership over our business and the IPs we have created, we have gotten back all rights for Control and the in-development Condor and Control 2. Having complete ownership over the Control franchise gives us the freedom to decide the best path forward.

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We will consider our options carefully, knowing that Control is considered an attractive franchise by many partners. Condor and Control 2 have both progressed well in recent months and we expect these projects to reach their next development stages during the first half of 2024. The development of Condor and Control 2 will continue normally when we consider the best publishing, distribution and financing model for these projects.

Remedy is currently working on a full sequel to Control, and only recently announced that the project had ‘increased development pace‘ alongside the Max Payne 1 & 2 remakes.

[Source – Remedy]