Yesterday, Remedy and 505 Games announced all rights to the Control franchise will revert to Remedy effective immediately. This news came unexpectedly, as 505 Games and Remedy signed off on the development of Condor and Control 2. However, Remedy states it is now in a position to make the right product and business decisions focusing on long-term franchise growth.
The cost of the deal is 17 million euros, the amount 505 Games invested in the development of Control 2 and Condor. 505 Games will remain the distribution partner for Control until the end of December 2024.
Remedy states in a press release:
“This transaction will enable us to negotiate better deals for current and future Control games. We can now weigh up the options between self-publishing and a new publishing partner for Condor and Control 2. At the same time, we are in a better negotiating position than before as Control is an established brand and Alan Wake 2 has been successful. We are confident that these factors combined will enable us to get the right partner, deal structure, and risk-reward profile that benefit Remedy and are the best fit for the Control franchise. We will evaluate and negotiate with potential future partners over the coming months.”
In the press release, Remedy expresses gratitude for the contributions 505 Games made to the franchise and for the opportunities made available. Without a doubt, 505 Games (and the passionate Antonella Pounder) were of utmost importance in making COntrol as successful as it is today! At the same time, I’m very happy for Remedy. The studio is flourishing and that’s great news for us fans. We haven’t seen the last of Jesse Faden or Alan Wake. The spiral continues!
