Remedy Regains Full Ownership of Control Franchise from 505 Games for €17 Million

In a significant move, Remedy Entertainment has reacquired the rights to its critically acclaimed action game Control from 505 Games, with the deal valued at €17 million. This acquisition encompasses not only the original game but also its forthcoming sequel and the multiplayer cooperative spin-off, Condor. As a result, Remedy now holds complete ownership of the Control franchise, granting the company the freedom to determine its future trajectory. Although 505 Games will continue to serve as the publisher for the initial Control game until December 31, 2024, Remedy is weighing its options regarding potential self-publishing or partnering with a new publisher for the Control series. The decision is part of Remedy's broader strategy to assert greater control over its business and intellectual properties. With Control having achieved substantial commercial success, selling over four million units globally and generating revenue exceeding €100 million, the franchise is considered highly attractive. The game's connection to the Alan Wake series as part of the Remedy Connective Universe further amplifies its value. Following the release of Alan Wake 2, which sold 1.3 million units after being published by Epic Games, Remedy's CEO, Tero Virtala, expressed the company's commitment to its long-term strategy, highlighting the importance of owning its IPs and the potential for future growth and development.