It's been a challenging year for Remedy Entertainment, but in its report to investors, it promised that the wait for new installments of Alan Wake and Control wouldn't take as long as it used to.
Remedy CEO Tero Virtala revealed in the company's financial report published on Wednesday that “2023 has been a challenging but wonderful year” for the Finnish studio. While the company's annual income fell by 22.3 percent to 33.9 million euros, it also managed to record an operating loss of 28.6 million euros. But Alan Wake 2 was a hit among critics and gamers alike, and it's no coincidence that Remedy acquired all the rights to the French game Contol from 505 Games, so it had a release and not a few.
You can expect further revenue growth this year, as Alan Wake and Control are already well-established IPs with an ever-growing user base. After waiting over 10 years for Alan Wake 2, Virtala has vowed to expect “more regular sequels” for both franchises going forward.
Control 2 has already left the concept stage, and in the last quarter the team has been working on building the world and combat system. Codename Condor's development is also progressing well, and the subcontroller honed for co-op will be ready for production soon.
Max Payne 1 & 2 Remake is also in pre-production, which will be a “big new game with a lot of potential.” In addition, its budget will be similar to that of Alan Wake 2 (which was reportedly around 50-70 million euros), but the owner of the IP, Rockstar Games, will fully finance the work.
Soon, all three games will enter the next phase of development – expected in the first half of the year.
