Remedy Entertainment has acquired full rights to the Control franchise from 505 Games, the publisher of the 2019 original. Remedy can self-publish or find a new publisher for the upcoming Control sequel, the live-action co-op spinoff codename Condor, and any other future entries into the franchise.
The cost of the rights acquisition is approximately 17 million euros, according to the investor report shared by Remedy. The deal accounts for the amount invested by 505 Games for the development of Condor and Control 2. It also mentions that 505 Games will continue as the publisher of the original Control until December 31, 2024.
“Having complete ownership over the Control franchise gives us the freedom to decide the best path forward,” says Remedy CEO Tero Virtala. “We will consider our options carefully, knowing that Control is considered an attractive franchise by many partners.”
Virtala mentions both Condor and Control 2 are expected to reach their next development stages during the first half of 2024.
Considering Control is at the core of Remedy Connected Universe, having full rights to the franchise will also open up new possibilities for Remedy in terms of other games having crossover elements. Case in point is the second DLC of the studio’s latest game Alan Wake 2, which will reportedly have significant Control 2 hints.
This move also averts Remedy from the Quantum Dream situation. They could not officially include the game in the Remedy Connected Universe since Xbox owns the IP rights of the game.
Control 2 and Condor are currently in development and don’t have announced release dates yet. Remedy is also known to be currently working on Max Payne 1&2 Remake in collaboration with Rockstar Games.
