The agreement states that the publishing arrangement between Remedy and 505 Games has been terminated by mutual agreement. However, 505 Games will continue to serve as Control’s publisher during a transition period until the end of the year. Remedy will immediately regain all rights to Control 2 and the multiplayer spinoff called Condor.
Remedy’s CEO, Tero Virtala, expressed his gratitude for the partnership with 505 Games and highlighted the benefits of having complete ownership over the Control franchise. He stated, “Having complete ownership over the Control franchise gives us the freedom to decide the best path forward. We will consider our options carefully, knowing that Control is considered an attractive franchise by many partners.”
The price tag of €17 million includes the amount that 505 Games had already invested in the development of Control 2 and Condor, along with a small premium. Remedy plans to pay the net purchase price in three cash installments over the next twelve months. Virtala also mentioned that they expect Control 2 and Condor to enter their next development phases early this year.
This move by Remedy to reacquire the rights to Control demonstrates their confidence in the franchise’s potential for success. With full control over publishing and marketing decisions, Remedy can shape the future of Control according to their vision.
Control, originally released in 2019, received critical acclaim for its innovative gameplay mechanics and captivating narrative. The game follows Jesse Faden, who becomes the director of a secretive government agency and must uncover the mysteries behind a supernatural invasion. Control’s success led to the development of additional content, including two expansions titled The Foundation and AWE.
The acquisition of Control is a significant step for Remedy as it solidifies their position as a leading game developer. By regaining full ownership of their flagship game, Remedy has the opportunity to take the franchise in new and exciting directions. Fans of Control can look forward to future installments and spinoffs that will further explore the game’s intriguing world.
As the gaming industry continues to evolve, partnerships and acquisitions like this one highlight the dynamic nature of the market. Developers are constantly seeking opportunities to grow their brands and expand their creative control. Remedy’s acquisition of Control sets a precedent for other studios to consider taking similar steps in the future.
Overall, this news showcases Remedy Entertainment’s commitment to the Control franchise and its dedication to delivering high-quality gaming experiences. With the rights firmly in their hands, Remedy has opened the door to endless possibilities for the future of Control. Fans can rest assured that they will continue to be immersed in the thrilling world of Control for years to come.
