Yay!
Remedy is now in complete control of the Control franchise after purchasing its rights from publisher 505 Games. Remedy’s $18.4 million purchase now means that the entire Control IP and future is sole property of the developer.
“The Control franchise is in the core of Remedy,” said the studio in a statement. “Having acquired the full rights to Control, Condor, and Control 2, Remedy is now in a position to make the right product and business decisions focusing on long-term franchise growth.”
In case you’re unfamiliar, Control is currently available on multiple platforms, while both Project Condor and Control 2 are unreleased and in development. Control 2 is a direct sequel to Control, perhaps obviously, while Project Condor is a co-op multiplayer title set in the Control universe.
“For Control 2 and codename Condor, all publishing, distribution, marketing, and other rights licensed to 505 Games revert to Remedy with immediate effect,” Remedy detailed. “505 Games will continue as the publisher of Control through a transition period ending December 31, 2024, under the terms of the original Control publishing agreement.
“In addition, 505 Games continues to administrate existing B2B deals for Control until their agreed expiration dates,” Remedy continued. “After the transition period and the expiry of these B2B deals, 505 Games will have no future royalty or other rights to Control.”
Remedy’s most recent published work was Alan Wake 2, which ties into Control through the Remedy Connected Universe. We’ll have more information on Remedy’s plans as they develop.
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