This morning, Remedy Entertainment shared its half-year report with investors. The Finnish studio proudly noted the excellent reception to Alan Wake 2’s release, though it also said it’s too early to discuss sales.
Between January and September 2023, revenue decreased by 21.1%. On the upside, development fees were slightly lower than a year ago since Alan Wake 2 was in the polishing stage; moreover, Alan Wake Remastered finally recouped its development and marketing investments in the last quarter.
Remedy CEO Tero Virtala then looked at the future, providing an update on the many projects in development at the studio. Two in particular stood out as those that progressed the most: the Control multiplayer spin-off codenamed Condor and the Max Payne 1 and 2 remakes, which are now in the ‘production readiness’ stage.
Condor, a co-operative multiplayer game, has progressed from the proof-of-concept to the production readiness stage. We have acquired valuable insights into developing service-based games and are now in a better position to create a game players can engage with for years.
Max Payne 1&2 remake progressed into the production readiness stage. We have gained clarity on the style and scope of the game, and we have an exceptionally well-organized team working on it. With these accomplishments, we are excited about the project and its future success.
Meanwhile, Control 2 was described by Virtala as an ambitious project that will have to stay in the proof-of-concept stage for a few more quarters. Last but not least, when it comes to the free-to-play live service game Vanguard, Remedy is discussing the next steps with the publisher (Tencent), though the expectation is that the project will exit the proof of concept stage by the end of 2023.
With all these projects on Remedy’s schedule, it sounds like Sam Lake’s wish to create a big-budget dark gothic fantasy game won’t happen any time soon.