Remedy Entertainment became the sole owner of the rights to the Control franchise
In 2019, Finnish studio Remedy Entertainment bought the rights to the Alan Wake franchise from Microsoft, allowing the developers to release the high-profile sequel of their dreams without the need for third-party approvals.
It looks like Remedy is serious about full creative freedom, as it has become a full owner of another one of its IPs.
Here's What We Know
Remedy has announced that it has bought the publishing, distribution and marketing rights to Control, its spin-off codenamed Condor, the upcoming Control sequel and all potential projects in the franchise from publisher 505 Games.
Remedy spent €17 million on this acquisition.
505 Games will continue to fulfil its obligations as publisher of Control until 31 December 2024, at which point their partnership will end.
Remedy emphasises that this move does not mean that the studio will self-publish its games in the future and abandon its partnerships with publishers, but it will have full control over the development of the Control franchise.
In a press release Remedy said that the profit from Control exceeded €100 million and the company has no claims to 505 Games, their cooperation was fruitful and the partnership can be renewed in the future.
Remedy Entertainment CEO Tero Virtala said:
As we part ways peacefully, I would like to take this opportunity to thank the team at 505 Games for their co-operation over the years and helping to cement Control as a gaming franchise with great potential
Go Deeper:
- The number of sold copies of the adventure action game Control exceeded four million
- Alan Wake 2 became Remedy Entertainment's fastest-selling game with 1.2 million copies sold
- Remedy Entertainment has significantly accelerated the development of Control 2 and the Max Payne remake
Source: Remedy Entertainment
