Tero Virtala, the CEO of Remedy, discusses the plans for the Alan Wake and Control franchises in the company’s annual report, stating that both are strong franchises with dedicated teams working to make them well-known titles that continuously attract players. The goal is to consistently release sequels and generate high levels of revenue and profit.
Additionally, Tero reveals progress on Remedy’s upcoming games:
Control 2 is in the proof-of-concept stage, with some team members building the game world and combat system.
Project Condor is in preparation, focusing on combat and game mechanics.
The Max Payne 1 & 2 Remake is progressing well, having high potential with development costs similar to Alan Wake 2.
Project Kestrel, previously known as Vanguard and initially planned as a free-to-play game, has been revamped into a premium game with co-op multiplayer elements after feedback from Tencent.
Tero mentions the excitement within the nearly 400-strong Remedy team about the various new development projects, emphasizing the company’s strengths and employee dedication.
In 2023, Remedy’s revenue decreased by 22.2% to 33.9 million euros, with a loss of 28.6 million euros from operations. However, Alan Wake 2 saw success in both critical reception and sales, leading Remedy to acquire full rights to the Control franchise from 505 Games. The company anticipates increased revenue and improved profitability this year after making strategic business decisions regarding Control 2 and Project Condor.
Source: Remedy via VGC
TLDR: Remedy CEO Tero Virtala outlines plans for Alan Wake and Control franchises, with a focus on developing sequels, generating revenue, and acquiring full control of the Control franchise. Progress is noted on Control 2, Project Condor, Max Payne remakes, and Project Kestrel, showcasing the company’s commitment to innovation and success.
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