Remedy Entertainment has acquired full rights to Control from 505 Games. The acquisition went by for a whopping €17 million, securing the rights to Remedy Entertainment for distribution, marketing, and other rights for the Control series.
Through this transaction, we’re positioned to forge more advantageous deals for both existing and new entries in the Control series, they said in the post. Remedy is preparing for the self-publishing future, as Control 2 is still being developed.
Remedy’s CEO, Tero Virtala said: “Regaining full ownership of the Control franchise empowers us to chart the most beneficial course forward.” The CEO has said that the partnership has been good, but the reason behind this purchase is: “long-term strategy to have more ownership over our business and the IPs we have created“.
“This enables further financing and partnership opportunities, which will help us to grow the Control 2 and Condor, “as well as the whole Control franchise into an even greater success than before.”
So now, Remedy says farewell to 505 Games. With this move, the company expects to reach new milestones in 2025. In the meantime, 505 Games will maintain its role as the publisher of Control until December 31, 2024.
