Remedy has acquired the Control IP from 505 Game for €17 Million

Last Updated on July 22, 2024 by Nahush Gowda

In a similar move to the acquisition of the Alan Wake publishing rights from Microsoft, Remedy Entertainment has bought back complete ownership of the Control franchise from publisher 505 Games.

The deal cost €17 million, mirroring the publisher’s prior investment into the development of the upcoming Control sequel and the spinoff, codename Condor. 505 Games will transition out of its publisher role for the original Control by December 2024.

Having complete ownership over the franchise gives us the freedom to decide the best path forward. 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.

Tero Virtala, CEO

This strategic move aligns with Remedy’s ambition to maintain creative and business control over its interconnected universe of games. Both Alan Wake and Control exist within this shared world, making centralized development a logical step for the studio.

Current games in development

The future of Control looks bright. The multiplayer spinoff Condor is furthest along in development, having reached production readiness. Meanwhile, the full-fledged Control sequel is currently in the proof-of-concept stage. This suggests fans are likely to experience Condor within the next year or two, with the mainline sequel following later.

Remedy isn’t simply focused on Control; 2023 will see the release of DLCs for Alan Wake 2, entitled “Night Springs” and “Lake House.” Intriguingly, “Lake House” could potentially offer further connections to the Control universe, deepening the ties between Remedy’s beloved franchises.