The Finnish video game developer now owns the rights to the 2019 action hit Control, as well as its upcoming sequel and multiplayer co-op spin-off Condor.
505 Games will remain the publisher of the original Control until December 31, 2024. The deal is worth 17 million euros, which is exactly how much 505 Games invested in the development of Control 2 and Condor. Remedy notes that due to “certain accounts receivable,” the actual amount it will pay will be less than that.
Remedy said it will consider whether to self-publish or find a new publishing partner for the Control series.
Control was a hit for Remedy, selling over four million copies worldwide and generating over €100 million in revenue. The game is also connected to the Alan Wake series as part of the Remedy Connective Universe.
Alan Wake 2 came out last October and sold 1.3 million copies. Its publisher was Epic Games.
“As part of Remedy’s long-term strategy to expand ownership of our business and the IP we create, we have returned all rights to Control and the development of Condor and Control,” said Remedy CEO Tero Virtala.
