Alan Wake 2 continues to be a success for Remedy – the company announced today that it has recovered “the majority” of the development and marketing costs for Alan Wake 2 as of the end of September.
In today’s quarterly results, Remedy said that while the game is not yet generating licensing fees, it is close to fully recovering its costs thanks to continued robust sales. The studio released two expansions for Alan Wake 2 this year, which probably helped – Night Springs and most recently The Lake House.
Alan Wake 2’s move to royalty generation seems inevitable, and it will likely be a large deal for Remedy. It is the company’s fastest-selling game to date, having sold 1.3 million copies as of March 20 this year. Currently, the company’s only main sources of current revenue are sales of Control games and older Alan Wake games.
Fortunately, it receives cash injections from partner companies to create more games. For example, Annapurna Pictures recently partnered with a studio to finance 50% of Control 2, while Annapurna is developing film and TV spin-offs of Control and Alan Wake. Remedy says Control 2 development is on track to enter full production in 2025, with a number of key features already implemented.
As for Remedy’s other games in the works, it was recently announced that Codename Condor, a spin-off of Remedy Control’s multiplayer game, will be called FBC: Firebreak. Remedy reports that Firebreak is still in full production and is focusing on iterating on the core loop and implementing the UI to provide clarity to players, based on feedback from testing. Meanwhile, Max Payne 1&2 Remake is making “steady progress” into full production.
For the quarter, Remedy’s revenues grew 128.6% year-over-year to €17.9 million ($19.4 million), primarily due to a one-time payment from Annapurna Pictures for the development of Control, as well as other development fees downloaded from other sources.
Alan Wake 2 itself appears to be excellent, earning a 9/10 from our reviewer, who called it “a great sequel to a survival horror game that makes the iconic original feel like little more than a rough first draft in comparison.” Its latest DLC, The Lake House, is also excellent and seems to tease Control 2.
Rebekah Valentine is a senior reporter for IGN. Her posts can be found on BlueSky @duckvalentine.bsky.social. Have a story tip? Send it to rvalentine@ign.com.
