Game studio Remedy Entertainment and publisher 505 Games sign a co-publishing and development agreement for upcoming new Control titles.
With the agreement, Remedy Entertainment will be developing a new 4-player cooperative PvE game and it is codenamed Condor. This is a spin-off title of the Control game and will be made with Remedy’s propriety Northlight engine and tools.
Condor is planned to be released on PC, Xbox Series X/S, and PlayStation 5.
“We are excited to continue and further expand our collaboration with Remedy. With over 2 million copies sold and revenue exceeding EUR 70 million, Control is an extremely successful game,” say Rami and Raffi Galante, co-CEOs of Digital Bros Group. “As a multiplayer game, Condor has the potential to engage the gaming community in the long run, contributing to 505 Games’ product revenue stream longer than traditional games.”
Condor’s initial development budget will be 25 million EUR.
Aside from the spin-off, Remedy Entertainment and 505 Games are planning to develop a sequel to the original game and will further expand the franchise with a bigger-budget. It will be detailed in the future.
“We have successfully collaborated with 505 Games for over four years and have both become stronger in our respective fields. We are happy to extend and deepen our partnership. This new agreement supports Remedy’s aims to expand our games into long-term franchises, create benchmark-setting games, strengthen our commercial capabilities and collaborate with great partners with whom we can succeed together,” says Tero Virtala, CEO of Remedy Entertainment.
Source: Official Website