Alan Wake 2 continues to be a success for Remedy, with the company reporting today it has recouped "most" of the development and marketing cost of Alan Wake 2 as of the end of September.
In its quarterly earnings today, Remedy reported that while the game is not yet generating royalties, it's close to fully recouping costs thanks to continued strong sales. The studio has released two expansions for Alan Wake 2 this year that have likely helped - Night Springs and, more recently, The Lake House.
Alan Wake 2 shifting to generating royalties seems inevitable, and will likely be a big deal for Remedy. It's the company's fastest-selling game so far, selling 1.3 million copies as of March 20 this year. Currently, the company's only major sources of ongoing revenue are sales of Control and older Alan Wake games.
Fortunately, it's getting infusions of cash from partner companies for the purpose of developing more games. For instance, Annapurna Pictures recently entered into a partnership with the studio that will fund 50% of the development of Control 2, while Annapurna creates film and TV spin-offs of Control and Alan Wake. Remedy reports that Control 2 development is on track to start full production in 2025, with a number of critical features already implemented.
As for Remedy's other games in progress, Codename Condor, Remedy's multiplayer Control spin-off, was announced recently as FBC: Firebreak. Remedy reports that Firebreak is still in full production, and focused on iterating on the core loop and implementing UI for player clarity based on playtesting feedback. Meanwhile, Max Payne 1&2 Remake is making "steady progress" in full production.
For the quarter, Remedy reported revenue up 128.6% year-over-year to €17.9 million ($19.4 million), largely due to the one-time payment from Annapurna Pictures to develop Control, as well as other development fees taken from other sources.
Alan Wake 2 itself seems excellent, netting a 9/10 from our reviewer who called it "a superb survival horror sequel that makes the cult-classic original seem like little more than a rough first draft by comparison." Its most recent DLC, The Lake House, is also excellent, and appears to be teasing Control 2.
Rebekah Valentine is a senior reporter for IGN. You can find her posting on BlueSky @duckvalentine.bsky.social. Got a story tip? Send it to rvalentine@ign.com.
