Alan Wake developer Remedy Entertainment has announced that it has acquired all rights to its Control series from publisher 505 Games for €17 million.
As detailed in an investor announcement On Remedy's website, the rights acquisition, which includes publishing, distribution and marketing, covers the entire Control franchise, including the supernatural third-person shooter's debut game in 2019, the upcoming Control 2 and the spinoff multiplayer codenamed Condor, and all future titles in the series.
Remedy's publishing deal with 505 Games for Control 2 and Condor ends immediately, and 505 will continue as Control's publisher until December 31 of this year, when the transition period ends.
Control Ultimate Edition TrailerRemedy's acquisition announcement notes that the approximately €17 million it has shelled out for the rights to Control “is equivalent to the amount 505 Games has paid for the development of codename Condor and Control 2 to date, including a smaller premium “. The net purchase price will be paid in three cash installments over the next twelve months.
Today's announcement, of course, seems like a bit of a repeat of history; In 2019, Remedy revealed that it had reached a deal with Microsoft to acquire the rights to Alan Wake for €2.5 million, a move that resulted in the previously Xbox-exclusive cult classic making the jump to other platforms before receive the remastering treatment and, last year, a highly anticipated sequel.
As for Control 2 and the Condor project, both were announced in November 2022. However, they are likely still a long way off, as Control 2 was confirmed to still be in the “proof of concept” stage last October , while Condor, as with Remedy's Max Payne 1 and 2 remakes, was said to have “progressed to the preparation stage for production.”
