Today, nearly five years after Control first launched, Remedy hasannouncedit’s fully acquired the rights to the franchise. The studio has acquired full rights from publisher 505 Games, for roughly€17M.
While Remedy Entertainment previously developed the game with 505 Games having publishing, distribution, and marketing rights overControl, this latest transaction converts this authority to Remedy, giving them full rights over Control, as well as the upcomingControl2and the multiplayer game currently under the codenameCondor.
According to the announcement, publishing agreements for all three games are “immediately terminated by mutual agreement”, outside 505 Games continuing asControl’spublisher until June 01, 2025. Publishing, distribution, marketing, and other rights are also completely reverted to Remedy “with immediate effect.”
Remedy’s announcement also reveals the maximum purchase price of this exchange to be approximately EUR 17 million, equaling the amount 505 Games paid for Condor andControl 2‘s development cycle thus far, plus a premium. Remedy will pay the purchase price over the next 12 months.
In doing this, Remedy Entertainment will “be more directly in charge of marketing, distribution and other business-to-business deals”. The post continues to highlight Remedy’s plans to have complete control overControlandCondor, detailing that the transaction “enables further financing and partnership opportunities which will help us to grow theControl 2andCondor, as well as the wholeControlfranchise into an even greater success than before.”
