Tero Virtala

Remedy have called it quits on the project codenamed Kestrel. The co-op multiplayer game was an original IP being made with the backing of Tencent, but now Remedy say they've cancelled it to allow them to focus on "other games in our portfolio", all of which are based on "existing franchises".

Tencent and Remedy, the developer of Control and Alan Wake, have completely scrapped their joint gaming project codenamed Kestrel, which they have been working on since 2021. The companies were originally developing a free-to-play co-op shooter until they decided to go in a different direction in November last year. They went back to the drawing board, renamed their project from Vanguard to Kestrel and had planned to make a «premium game with a strong, cooperative multiplayer component» instead. Back then, they said their game will «lean more into Remedy's core strengths» and will use repurposed versions of the company's assets and themes. Clearly, though, their partnership wasn't meant to be.

Alan Wake 2, Control developer Remedy has announced that it has cancelled its multiplayer project, codenamed Kestrel. The studio has revealed that it will instead be focusing more on its existing franchises. According to the announcement, Kestrel had started development in November 2023, and was a reboot of previous project, Vanguard.

Acclaimed game developer Remedy Entertainment has announced the cancellation of its co-op multiplayer game, codenamed Kestrel. This decision comes amid Remedy prioritizing the allocation of resources towards other ongoing projects within its portfolio.

Remedy has announced that it has cancelled Project Kestrel, formerly (formerly Vanguard), which was in development with Tencent. Project Kestrel was meant to be Remedy’s first entry into the Games-as-a-Service business model. The cancellation has been announced as Remedy looks to focus on its existing catalogue of games and IP.

Today, Finnish developer Remedy Entertainment decided jointly with Tencent to cancel the cooperative multiplayer game they were developing.

Remedy has announced the cancellation of its multiplayer title codenamed Kestrel in order to focus on its existing franchises.

Remedy has cancelled one of its in-development multiplayer projects, codenamed Kestrel.

Remedy Entertainment has decided to cancel the game codenamed “Kestrel” in order to focus on other games in its portfolio, the developer announced.

Chinese tech and entertainment giant Tencent has increased its stake in Finnish games firm Remedy.

In its most recent quarterly report, Remedy Entertainment has provided updates on which stage of production each of its many current projects is at.

Tencent has significantly increased its shareholding in Remedy Entertainment.

This morning, Finnish game developer Remedy Entertainment announced a couple of key changes to its core management team. First and foremost, Chief Operations Officer Christopher Schmitz has resigned and will leave the company on May 31.

Remedy has shared new details about Codename Condor, its co-op multiplayer Control spin-off.

Remedy has good news for fans of Alan Wake and Control, hinting that the time between games won't be as long as the wait between Alan Wake 2 and its predecessor. As the Remedy universe continues to grow, the studio behind Alan Wake and Control has ambitious goals for both series.

Tero Virtala, the CEO of Remedy Entertainment, has made it clear that upcoming Alan Wake sequels will be coming out more steadily. The original game was released in 2010, but Alan Wake 2 didn’t hit the market until October 2023.

Alan Wake and Control developer Remedy Entertainment has seen its revenue drop by 22.2 percent for the year.

Control and Alan Wake have both brought Remedy Entertainment plenty of success in recent years, with Control having sold 4 million units, and Alan Wake 2 hitting 1.3 million sales to become the studio’s fastest-selling game. It’s no surprise, then, that the developer intends to keep expanding both franchises with more new releases going forward.

Remedy Entertainment has said players should expect a “more regular cadence of sequels” for Alan Wake and Control.

Today, Remedy released its latest quarterly report for the period between October and December 2023. Despite the successful launch of Alan Wake 2, which was the fastest-selling game ever made by the studio even launching in a highly competitive release window, Q4 2023 marked a decrease in both revenue and profitability compared to 2022 due to significantly increased investments in the other game projects and to the impairment charge cost (€ -7.2 million) related to the reboot of the free-to-play Project Vanguard, from now on known as Kestrel.

With Alan Wake 2 out of the way, it’s looking like the upcoming combined remake of Max Payne 1 and 2 is the next big single-player game that developer Remedy Entertainment will be focusing on, and the studio has now provided some more details about its development.

Finnish games firm Remedy has reported €33.9 million ($36.8 million) in revenue for 2023.

Remedy has published its financial results for 2023, and reported a 22.2% decrease in revenue to €33.9 million compared to €43.6 million during the same period last year.

Developer Remedy Entertainment has announced it has acquired the full right to the Control IP, something it previously shared with publisher 505 Games. Remedy reportedly paid 17 million euros for the privilege; however, 505 Games will remain publisher throughout 2024 while the transition takes place.

Finnish games firm Remedy has bought the rights to its smash hit title Control.

Update:

Remedy Entertainment has acquired the full rights to the Control franchise as a whole from 505 Games, including both the already-released 2019 game, and any future projects. Those games include Control 2, co-op game Condor and anything else related to Control that Remedy cooks up.

Remedy Entertainment has acquired full rights to the Control franchise from 505 Games.

Today, Remedy announced the acquisition of the full rights to the Control franchise from publisher 505 Games for €17 million, which is basically what the publisher had paid for the development of Control 2 and codename Condor to date. 505 Games will remain the publisher of the original Control through a transition period that will end on December 31, 2024.

Remedy has officially gained complete ownership of the Control IP, signaling a new chapter for the franchise. After working with publisher 505 Games on Control, Remedy recently reached a deal with the publisher to hold full ownership of Control and its future sequels and spin-offs.

Remedy Entertainment has acquired the full rights to the Control franchise as a whole from 505 Games, including both the already-released 2019 game, and any future projects. Those games include Control 2, co-op game Condor and anything else related to Control that Remedy cooks up.

Remedy Entertainment, the developer behind 2019’s Control and critically acclaimed games like Alan Wake 2, now fully owns the rights to the Control franchise. That means the Finnish studio now has full, for the lack of a better word, control over the future of this series, including its sequel and multiplayer spin-off.

Remedy Entertainment has announced the acquisition of full rights to Control for €17 million from publisher 505 Games. The developer will handle publishing, distribution, marketing and other rights. 505 Games will continue publishing Control until December 31st, 2024, but after that, it will earn no royalties from the title.

Remedy Entertainment has acquired all publishing, distributing, marketing, and other rights to the Control intellectual property from 505 Games, the developer announced.

Remedy has reacquired the rights to its hit action game Control from 505 Games.

Fans want a physical edition of Remedy’s horror sequel Alan Wake 2, but the critically acclaimed game isn’t exactly struggling on digital storefronts. The title has now sold 1.3 million copies worldwide, making it the fastest-selling title in the Finnish firm’s history. It previously reached one million units by the end of December 2023, so it looks like word of mouth has been good through the first two months of 2024.

Along with sales updates for Alan Wake 2 and Control, Remedy Entertainment CEO Tero Virtala also revealed the status of ongoing projects like Control 2, Max Payne 1 and 2 Remake, and Condor. All three titles have “increased development pace” and are expected to reach the next stages of development in the first half of 2024.

Remedy Entertainment recently announced that Alan Wake 2 has sold over 1.3 million units worldwide, becoming the studio’s fastest-selling game to date, and though the acclaimed survival horror title has yet to fully recoup the money that was poured into its development and marketing, it looks like it’s gotten off to a strong enough start that Remedy is already planning for more Alan Wake in the future.

Remedy's chief executive offer, Tero Virtala, has revealed how Alan Wake 2 has impacted the studio and the future of other upcoming games in development.  

Alan Wake 2, last year’s best horror game, best game overall or best-game-featuring-an-unexpected-but-extremely-welcome-musical-dance-number depending on who you ask, has shifted over a million copies. Musical dance numbers don’t come cheap, though, so it’s still yet to turn a profit - despite outpacing the momentum of any of Remedy’s previous games, including Control.

Springboarding off of metafictional horror Alan Wake 2, developer Remedy Entertainment has announced that its other bizarro shooters have "increased development pace."

Alan Wake 2 has sold 1.3 million copies since going on sale on October 27, 2023 across PlayStation 5, Xbox Series X and S, and PC via the Epic Games Store, making it developer Remedy Entertainment's fastest-selling game ever.

The eagerly-anticipated Alan Wake 2 has shifted over 1.3 million copies since its release.

Alan Wake 2 has sold 1.3 million copies to date, Remedy Entertainment has confirmed.

Remedy has confirmed plans to grow and expand the Alan Wake franchise following a successful launch for the second mainline entry in the series.

Alan Wake 2 is developer Remedy's fastest-selling game to date, but the studio is still to recuperate the project's development and marketing costs.

Alan Wake 2 launched last October following years of anticipation and was instantly met with widespread critical acclaim, being deemed by many to be one of the best games in a historic year for the medium. Remedy Entertainment has now also announced sales figures for the survival horror title, and its commercial success is reflecting its critical acclaim.

Total sales for Alan Wake II have surpassed 1.3 million units worldwide, developer Remedy Entertainment announced. It is the company’s fastest selling game to date.

Remember how Control's AWE expansion served as a follow-up to Alan Wake and a prelude to the recent survival horror sequel, Alan Wake 2? Remedy says it isn't looking to replicate that with Alan Wake 2's two confirmed expansions and Control 2, although they will contain hints to the sequel.

A modder is working on his own Max Payne RTX Remix mod with path tracing and a free demo has now been made available.

James McCaffrey, the voice of Max Payne, died Sunday at 65, TMZ reports. A representative for McCaffrey told the publication that the actor, who is known for roles across Control and the Max Payne and Alan Wake franchises, died of multiple myeloma, and that he was surrounded by friends and family at the time of his death.

Alan Wake 2 developer Remedy Entertainment have announced a reboot for its upcoming free-to-play multiplayer title codenamed Vanguard. Now codenamed Kestrel, the project will instead be a premium game with a focus on co-operative multiplayer.

Remedy has changed its previously free-to-play multiplayer title into a paid game.

Remedy Entertainment has announced that it will be rebooting project Vanguard to a premium game «with a strong cooperative multiplayer component», confirming it will no longer be free-to-play.

Remedy is rebooting its upcoming free-to-play multiplayer title, previously codenamed "Vanguard," as a premium release.

Remedy is rebooting its upcoming multiplayer shooter, previously codenamed Vanguard, as "a premium game with a strong, cooperative multiplayer component."

Vanguard, Remedy's mysterious multiplayer game, is being rebooted. Just a couple weeks after saying that it hoped to have the game's «proof-of-concept» finished by the end of the year, the studio announced today that it's decided to take the project in a whole new direction, with a whole new codename.

Alan Wake and Control developers Remedy Entertainment have announced that their untitled co-op shooter, the artist formerly known as project Vanguard, will no longer be a free-to-play game - largely, it seems, because the free-to-play business is looking a bit dicey. The game has been given a new codename to celebrate: Kestrel. It's still a co-op multiplayer affair, however.

Remedy Entertainment has issued an update on one of its four in-development games, confirming it has ditched the free-to-play model in the process.

Remedy plans to reboot its free-to-play co-op multiplayer game, codenamed Vanguard, as a premium release.

Remedy has announced plans to change the direction of its multiplayer project, codenamed Vanguard.

In 2021, Remedy Entertainment announced that it had partnered with Tencent and started working on a free-to-play multiplayer title codenamed Vanguard. Earlier this year, the developer confirmed that the title, still in the proof-of-concept stage of production, required much more work before moving ahead, and now, Remedy has announced that the project is changing gears quite significantly.

Remedy has released an update for recently launched Alan Wake 2 that makes over 200 individual improvements and fixes to the game.

Remedy saw a slight decrease in its overall revenue during the third quarter of 2023 (July to September 2023), its latest financial results showed.

Hot off the heels of Alan Wake 2’s success, Remedy’s future looks to be a busy and potentially fruitful one, as the developer has shared details with investors on several projects in the works at the studio, including sequels, remakes, and a new multiplayer IP, with one of the standouts being an update on the announced remakes of Max Payne and Max Payne 2: The Fall of Max Payne.

Alan Wake 2 is Remedy's big project of the moment, but it's far from the only thing the studio is working on. Today, as part of its most recent financial report, the company shared a look at how its other projects, including a sequel to Control and remakes of the first two Max Payne games, are coming along.

Alan Wake Remastered has recouped its development and marketing costs around two years after it launched.

Remedy Entertainment has provided development updates on a number of its upcoming games, includingControl 2 and the Max Payne 1 & 2 Remake.

Remedy has issued an update on all its in-development games while stressing it’s too early to comment on sales of the recently released Alan Wake 2.

Alan Wake 2 finally crawled out of the ocean after being stuck in a 13-year-long limbo, and developer Remedy Entertainment is now shifting its focus to its other projects: Control’s sequel, the Max Payne remakes, and other oddball games.

This morning, Remedy Entertainment shared its half-year report with investors. The Finnish studio proudly noted the excellent reception to Alan Wake 2's release, though it also said it's too early to discuss sales.