This is evident from a financial report from Remedy Entertainment. “We had no royalty income from Alan Wake Remastered during the first quarter because Epic Games Publishing has not yet recouped the development and marketing costs of the game,” it reads.
The largest revenue source in games in the past quarter was the sale of Control. Remedy says that sales are weakening year-on-year, entirely in line with expectations.
The costs of game development are on the rise, Remedy says that the costs for Alan Wake 2 have grown and is also invested in Vanguard, the free-to-play project that the developer is working on with Tencent. Vanguard is making “good progress” and is in the “proof-of-concept” phase, Remedy said. Both projects already had a “meaningful impact on sales” in the last quarter of 2021.
Condor, the codename of a Control spin-off, is in the same phase as Vanguard, the report says. At the same time, work is underway on a “bigger Control game” that is still called Heron. Remedy says it is working with the technology team at Northlight on technologies that will be used in Remedy games in the future.
Another version of Alan Wake Remastered is planned. The game should be released for the Nintendo Switch in the fall of this year. Alan Wake 2 is due out sometime in 2023.
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