Annapurna Interactive has secured the film and TV rights to Alan Wake and Control from Remedy.
Remedy Entertainment announces a strategic partnership agreement with Annapurna Pictures (“Annapurna”). Annapurna will fund 50% of the development budget for the upcoming video game Control 2 and will receive the rights to expand the award-winning Control and Alan Wake franchises into film and television.
Remedy will receive a larger share of the revenue from game sales after the initial investment has been recouped, in proportion to the amounts invested. Conversely, Annapurna will receive a larger share of the revenue from the audiovisual productions.
Annapurna, an entertainment company founded in 2011 by Megan Ellison, develops and produces original stories for film, interactive entertainment, television and theater.
Annapurna will take the lead in expanding Control and Alan Wake into new entertainment mediums, allowing Remedy to focus on developing Control 2 and other upcoming games.
As part of the agreement, Annapurna will acquire an option to television, film and select audiovisual licensing rights to Control and Alan Wake, as well as related ancillary products.
Remedy will retain full IP rights for Control and Alan Wake.
Megan Ellison, Founder and CEO of Annapurna, said: “The future of storytelling requires the seamless integration of games, film and television, and this partnership will allow us to explore new ways to bring these stories to life.”
“By leveraging Remedy’s innovative narratives and immersive worlds, we can push the boundaries of how stories are told and experienced across media.”
Tero Virtala, CEO of Remedy Entertainment, said: “This strategic partnership between Annapurna and Remedy is an important milestone and an exciting opportunity for us. We know that Annapurna shares our passion for our intellectual property and the universes we have created.”
“With award-winning films like Zero Dark Thirty and games like Stray, Annapurna’s expertise in film, television and video games makes them an ideal partner for us. This agreement ensures we can develop Control 2 into the best game possible and allows us to self-publish select titles and expand our franchises into other media.”
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