Remedy Entertainment has acquired full rights to the Control franchise from 505 Games.
In a transaction that could be worth up to €17 million ($18.4m), all rights to Control, Control 2, multiplayer spin-off codename Condor, and all future series entries will revert to the Finnish game developer.
Remedy partnered with 505 Games in 2017 to publish the original Control, which was released two years later.
The game has sold over four million copies and generated “shareable net revenue” of approximately €100 million ($108.4m) for the companies, according to Remedy CEO Tero Virtala.
“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,” he said.
“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,” Virtala continued.
“The development of Condor and Control 2 will continue normally when we consider the best publishing, distribution and financing model for these projects.”
Remedy recently confirmed plans to grow and expand the Alan Wake franchise following a successful launch for the second mainline entry in the series.
After struggling for over a decade to make a sequel to 2010’s original, Alan Wake 2 was finally released last October to widespread critical acclaim.
In addition to winning multiple high-profile awards, Remedy said this month that Alan Wake 2 had sold 1.3 million copies, making it the studio’s fastest selling game to date.