Our partner Smilegate, together with Microsoft, launched CrossfireX on Xbox One and Series X|S in February.  A dedicated team at Remedy has continued to support both Crossfire HD and CrossfireX.

Alan Wake 2 is in the full production stage. A lot of work remains, but the game is starting to take a more complete form in many areas. As communicated earlier, Alan Wake 2 will be released in 2023.

Codename Vanguard, a free-to-play co-operative game to be co-published with Tencent, has made good progress since the previous quarter. The project is in the proof-of-concept stage. We have continued to strengthen the team. Vanguard and our other projects have benefited from our operations in Sweden.

Codename Condor, a spin-off game of Control, continues in the proof-of-concept stage. Codename Heron, a bigger Control game, is in the concept stage and its prototyping continues. Additionally, together with the Northlight-technology team, the focus has been on developing the required technology and tools that will serve a number of Remedy games in the future.

After the reporting period, in the beginning of April, we announced a partnership with Rockstar Games to remake Max Payne and Max Payne 2: The Fall of Max Payne. The public reception to this announcement was overwhelmingly positive. Max Payne clearly has a special place in the hearts of not only Remedians but gamers across the globe. We are very excited to bring the remade game for old and new fans alike.

In relation to our long-term games roadmap, we now have four game projects in development and will have major game launches between 2023 and 2025. The timing of individual game launches and new game development agreements may cause variation between quarters and years.

We had no royalty revenue from Alan Wake Remastered during the first quarter as Epic Games Publishing has yet to recoup its development and marketing expenses for the game.