Home » “Alan Killer” developer Remedy spent 580 million yuan to buy back the complete rights to the “Control” series from 505 Games | news

“Alan Killer” developer Remedy spent 580 million yuan to buy back the complete rights to the “Control” series from 505 Games | news

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“Alan Killer” developer Remedy spent 580 million yuan to buy back the complete rights to the “Control” series from 505 Games |  news

Remedy Entertainment Acquires Control IP from 505 Games for 17 Million Euros

Remedy Entertainment, the Finnish developer behind the award-winning “Alan Wake 2”, has made a significant investment in acquiring the rights to the popular game series “Control” from publisher 505 Games. The developer has revealed that it will be spending approximately 17 million euros to purchase all copyrights related to “Control”, including the upcoming sequel “Control 2” and the multiplayer spin-off game “Project Condor”.

The acquisition of the “Control” IP will give Remedy full control over publishing, distribution, and marketing of the franchise, allowing them to make better decisions regarding the long-term management of the series. The deal is set to take effect in 2024, with 505 Games remaining as the publisher until the end of the year.

“Control” is a third-person action adventure game that follows the journey of protagonist Jesse Faden as she navigates a mysterious and supernatural world. The game has been praised for its unique storytelling and captivating gameplay, winning the Best Art Director Award at the 2019 TGA. With over 4 million copies sold and net income of approximately 100 million euros generated, the franchise has proven to be a success for both Remedy and 505 Games.

CEO of Remedy, Tero Virtala, expressed his excitement about the acquisition, stating, “We have taken back ownership of Control and the in-development Condor and Control 2, thereby gaining the freedom to choose the best path forward.” He also mentioned that the development progress of “Condor” and “Control 2” has been smooth, with both projects expected to enter the next stage in the first half of 2024.

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The successful acquisition of the “Control” IP marks a new chapter for Remedy Entertainment, as they look forward to exploring the potential of the franchise with new partners and opportunities in the gaming industry.

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