Remedy has revealed when Control 2 will go into active development, and Alan Wake 2 still hasn’t started making a profit

Finnish studio Remedy Entertainment (the Max Payne, Control, Alan Wake 2 duology) reported financial results for the third quarter of 2024 and the current status of games in development.

Image Source: Remedy Entertainment

From July to September, Remedy’s revenue grew by 128% (mainly thanks to the Annapurna deal) compared to 2023 and reached €17.9 million, and operating profit amounted to €2.4 million (a year ago there were losses of €5 .5 million).

For the first nine months of 2024, Remedy reported revenue growth of 65.1% (from €23.6 million to €39 million). Operating profit is still in the red, but noticeably less than in 2023 (€2.9 million versus €15.9 million).

FBC: Firebreak

As for Remedy’s projects in development, co-op shooter FBC: Firebreak (formerly Condor) and the remake collection Max Payne 1&2 are progressing into full production, with Control 2 moving into production in 2025.

Remedy notes that to reduce production risks, the Control 2 team has already integrated many key features into the game and is currently setting up workflows in preparation for active development.

Alan Wake 2, which recovered almost all production and marketing costs in the second quarter, has not yet begun to make a profit, although it was released on October 27, 2023 – on October 22, the game received the The Lake House addon (with a Control 2 teaser).

In February, Remedy bought all rights to Control from publisher 505 Games for €17 million, and in August entered into a strategic partnership with Annapurna. The company will pay half of Control 2’s budget, allowing the studio to release the game itself.

admin

Share
Published by
admin

Recent Posts

Apple may receive first-ever EU fine for violating App Store rules

Apple could become the first company to be fined under the European Union's new digital…

59 mins ago

Japanese engineers will be sent to the USA to learn from Jim Keller

Jim Keller enjoys well-deserved authority in the computer industry, as he has at various times…

2 hours ago

Nintendo Switch games will be playable on the next generation console

Nintendo's decline in the number of Switch game consoles to be shipped in the current…

2 hours ago

GlobalFoundries gets half its revenue from mobile device manufacturers

Having reported its third-quarter results the day before, the American company GlobalFoundries admitted a 6%…

3 hours ago

Kia unveils EV9 electric SUV and PV5 van concepts

At the annual SEMA show in Las Vegas, Kia presented two SUV concepts designed for…

3 hours ago

IOS 18.2 will only learn to estimate iPhone charging time by December

The next iOS 18.2 update may introduce a long-awaited feature that will allow you to…

4 hours ago