Remedy Entertainment’s CEO, Tero Virtala, provided an update on the company’s ongoing projects, with Alan Wake 2 nearing its final production stage. At the same time, Control 2 and Max Payne 1&2 remake has moved into the proof-of-concept stage.
Virtala stated that, in Q1 2023, Remedy continued its investment phase, focusing on co-financed projects with publishing partners. Four of the five games in development are based on Remedy-owned brands, with one game fully funded by a publishing partner. This investment has affected short-term profitability but is expected to increase royalty potential in the coming years.
Despite lower Q1 revenues, Virtala emphasized that the game projects have progressed well, with Alan Wake 2 entering its final production phase before its launch later this year. Control 2 moved into the proof-of-concept stage in January, focusing on world-building and gameplay mechanics. Codename Condor, a cooperative multiplayer game set in the Control universe, is also in the proof-of-concept stage and aims to expand the Control brand as one of Remedy’s cornerstones.
Codename Vanguard, a free-to-play cooperative game, is a new venture for Remedy, and the company has made key hires to strengthen the project’s leadership team. The Max Payne 1&2 remake has also progressed well and entered the proof-of-concept stage, with the development team working on bringing the game to modern consoles and PCs.
As Alan Wake 2 approaches its launch, Virtala expressed confidence in the quality of the game and the development team’s velocity, anticipating a title that players will love to play.