Sign up for the GI Daily here to get the biggest news straight to your inbox
28.02.2024 - 18:05 / gematsu.com / Tero Virtala
Remedy Entertainment has acquired all publishing, distributing, marketing, and other rights to the Control intellectual property from 505 Games, the developer announced.
The transaction includes rights to Control, four-player cooperative multiplayer spin-off Condor, Control 2, and all future Control products.
The key terms of the transaction are as follows:
According to Remedy Entertainment, the transaction will allow it to negotiate better deals for current and future Control games, and it will weigh the options between self-publishing or finding a new publishing partner for Project Condor and Control 2.
“Ever since we signed up with 505 Games in 2017 to develop and publish Control, we have enjoyed a good partnership in building Control into a successful game that has sold over four million units and generated shareable net revenue of approximately €100 million to Remedy and 505 Games,” Remedy Entertainment CEO Tero Virtala said in a press release. “As part of Remedy’s long-term strategy to have more ownership over our business and the IPs we have created, we have gotten back all rights for Control and the in-development Condor and Control 2.
“Having complete ownership over the Control franchise gives us the freedom to decide the best path forward. We will consider our options carefully, knowing that Control is considered an attractive franchise by many partners. Condor and Control 2 have both progressed well in recent months and we expect these projects to reach their next development stages during the first half of 2024. The development of Condor and Control 2 will continue normally when we consider the best publishing, distribution and financing model for these projects.”
Virtala continued, “As we amicably part ways, I would like to take this opportunity to thank the 505 Games team for our partnership over the years and for helping to establish Control as a gaming franchise with a lot of future potential.”
Sign up for the GI Daily here to get the biggest news straight to your inbox
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.
Sign up for the GI Daily here to get the biggest news straight to your inbox
Milan-based Publisher 505 Games is undergoing some unfortunate downsizing, as it's announced the closure of offices in Germany, Spain, and France. This comes just a day after Remedy Entertainment announced its purchase of the full rights to Control, which 505 Games published in 2019, for 17 million euros.
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 confirmed it has acquired the full rights to the Controlfranchise from 505 Games, the company that originally published the 2019 title.
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.
Control has joined Alan Wake in being fully owned by developers Remedy Entertainment, as the studio announced they have acquired the complete rights to their supernatural shooter - including its upcoming sequel and co-op spin-off - from publisher 505 Games.
Alan Wake developer Remedy Entertainment has announced it's acquired the full rights to its Control series from publisher 505 Games for €17m.