Remedy Entertainment now owns the rights to the Control franchise

digitaltrends.com:

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.

Previously, the rights to the franchise were owned by 505 Games, a publisher you may know for its hand in publishing Ghostrunner 2 and Eiyuden Chronicle: Rising. According to a message for investors, Remedy will pay 17 million euros to acquire “all publishing, distribution, marketing, and other rights” for Control 2 and a multiplayer project codenamed Condor. When it comes to the original Control, 505 Games will remain the game’s publisher until December 31 of this year and control business-to-business deals for that game until an undisclosed date.

“As part of Remedy’s long-term strategy to have more ownership over our business and the IPs we have created, we have gotten backall rights for Control and the in-development Condor and Control 2,” Remedy CEO Tero Virtala commented. “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.”

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Essentially, Remedy Entertainment wants to have more direct influence over what happens with Control games in the future and will now seek out new publishing partners for these two upcoming titles. The influx of cash will likely also help 505 Games’ parent company, Digital Bros, who laid off 30% percent of its staff last year “to align with the evolving competitive environment in the medium to long-term to ensure maximum operational efficiency.”

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