Remedy Entertainment has published its Financial Statements Release for the period of January–December 2022, and it includes comments by CEO Tero Virtala that provide new insight on where some of the company’s anticipated projects are currently at. Chief among those is Alan Wake 2, a sequel to the cult classic that is seemingly on track to make its previously teased 2023 ETA date, having been described by the executive as already being “playable from start to finish,” as well as Control 2, another major sequel that appears to be progressing smoothly, now in a proof-of-concept stage with gameplay, narrative, art, and other crucial elements coming together. Virtala also shared a bit about the Max Payne 1 and 2 remakes, which were originally announced in April 2022 but, similar to Control 2, are still in the concept stage.
From a Remedy Entertainment financial statements release:
Alan Wake 2 is in full production. The game will soon have all content in place, and it is playable from start to finish. We will then move onto polishing the experience. Alan Wake is a unique brand that holds high value for the company today. Alan Wake Remastered has not yet generated royalties. However, we expect the sales to increase as the release of Alan Wake 2 becomes imminent and fans and new players want to experience the original story on new generation consoles.
In November, we announced the deal for Control 2 with 505 Games. This further strengthens our collaboration with 505 Games on the Control franchise and marks another big step for us towards game publishing. Control 2 expands the story and the world from the original Control. We now have detailed concepts on the game vision and all creative areas including the gameplay, narrative and art. We are pleased with the work the team has done and as of January 2023, the game has progressed into the proofof-concept stage.
Codename Condor is a service-based game and as such a new type of game for Remedy. We are making sure the core gameplay is solid. We are building the right team and production model for the game and are patiently progressing with the development. Together with our partner 505 Games we have seen great potential in Condor. Condor remains in the proof-of-concept stage.
Codename Vanguard is also currently in the proof-of-concept stage. In the fall 2022, we chose to keep the game in the proof-of-concept phase longer and postpone the significant expansion of the development team until 2023. The Vanguard team has made progress and continues to work on core gameplay and meta game development as well as proving the application of Remedy-style narrative and world building. The development team has been strengthened by select key hires.
Max Payne 1&2 remake continues in the concept stage. The project has made good progress. We are looking forward to bringing this beloved character alive again to a new generation of consoles and to a new generation of fans.