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Control

Platform(s): Nintendo Switch, PC, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X
Genre: Action/Adventure
Publisher: 505 Games
Developer: Remedy Entertainment
Release Date: Aug. 27, 2020

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Remedy Entertainment Acquires Full Rights To The 'Control' Franchise From 505 Games

by Rainier on Feb. 28, 2024 @ 9:19 a.m. PST

Control (formerly known as P7) is a third-person action-adventure game combining Remedy’s trademark gunplay with supernatural abilities.

Control is set in a unique and ever-changing world that juxtaposes our familiar reality with the strange and explainable.

Welcome to the Federal Bureau of Control

After a secretive agency in New York is invaded by an otherworldly threat, players will take on the role of Jesse Faden, the new Director struggling to regain Control. This sandbox-style, gameplay-driven experience built on the proprietary Northlight engine challenges players to master a combination of supernatural abilities, modifiable loadouts and reactive environments while fighting through the deep and mysterious worlds Remedy is known and loved for.

Remedy Entertainment and 505 Games announce a transaction upon which all publishing, distribution, marketing and other rights to Control, codename Condor, Control 2, and all future Control products will revert to Remedy. 

The Control franchise is in the core of Remedy. Having acquired the full rights to Control, Condor and Control 2, Remedy is now in a position to make the right product and business decisions focusing on long-term franchise growth.  

The key terms of the transaction are as follows:

  • Termination of Agreements: Publishing agreements for Control, codename Condor, and Control 2 are immediately terminated by mutual agreement.   
  • Reversion of Rights: For Control 2 and codename Condor, all publishing, distribution, marketing, and other rights licensed to 505 Games revert to Remedy with immediate effect. 505 Games will continue as the publisher of Control through a transition period ending December 31, 2024, under the terms of the original Control publishing agreement. In addition, 505 Games continues to administrate existing B2B deals for Control until their agreed expiration dates. After the transition period and the expiry of these B2B deals, 505 Games will have no future royalty or other rights to Control. 
  • Purchase Price and Cash Flow Effect: The maximum purchase price for the transaction is approximately EUR 17 million, which equals the amount that 505 Games has paid for the development of codename Condor and Control 2 to date including a minor premium. Remedy is entitled to set off certain receivables from the purchase price and, therefore, the cash flow effect from the transaction will be clearly less than the purchase price. Remedy will pay the net purchase price in three cash instalments during the next twelve months.

The transaction has no immediate effect on the income statement, while we see attractive growth opportunities arising in the mid-to-long term.

This transaction will enable us to negotiate better deals for current and future Control games. We can now weigh up the options between self-publishing and a new publishing partner for Condor and Control 2. At the same time, we are in a better negotiating position than before as Control is an established brand and Alan Wake 2 has been successful. We are confident that these factors combined will enable us to get the right partner, deal structure and risk-reward profile that benefit Remedy and are the best fit for the Control franchise. We will evaluate and negotiate with potential future partners over the coming months.

Through this transaction we will also get to be more directly in charge of marketing, distribution and other business-to-business deals. 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.

Remedy’s CEO Tero Virtala says: “Ever since we signed up with 505 Games in 2017 to develop and publish Control, we have enjoyed a good partnership in building Control into a successful game that has sold over 4 million units and generated shareable net revenue of approximately EUR 100 million to Remedy and 505 Games. As part of Remedy’s long-term strategy to have more ownership over our business and the IPs we have created, we have gotten backall rights for Control and the in-development Condor and Control 2. Having complete ownership over the Control franchise gives us the freedom to decide the best path forward. We will consider our options carefully, knowing that Control is considered an attractive franchise by many partners. Condor and Control 2 have both progressed well in recent months and we expect these projects to reach their next development stages during the first half of 2024. The development of Condor and Control 2 will continue normally when we consider the best publishing, distribution and financing model for these projects.”

Tero Virtala continues, “As we amicably part ways, I would like to take this opportunity to thank the 505 Games team for our partnership over the years and for helping to establish Control as a gaming franchise with a lot of future potential.”

Award-winning composer Martin Stig Andersen (INSIDE, Wolfenstein II: The New Colossus) and BAFTA-nominated composer Petri Alanko (Alan Wake, Quantum Break) are creating the score for supernatural action-adventure game Control.  

Combining Andersen’s experience with creating eerie compositions with Alanko’s unique blend of orchestral and electronic arrangements, the renowned duo is joining forces to form an otherworldly soundscape for Control’s mysterious world. Control’s score is being carefully crafted to back an ever-changing world that juxtaposes reality with the unexplainable. Andersen and Alanko’s scores will mirror Control’s dynamic gameplay elements by evolving around the game’s moments of stirring surrealism and fierce action.

Key Features:

  • WORLD WITHIN A LOCATION: Explore diverse environments and shifting architecture in a deep unpredictable world, set within a sprawling New York building.
  • FLEXIBLE AND SUPERNATURAL COMBAT SYSTEM: Define your playstyle by integrating supernatural abilities, upgrades, and modifiable loadouts.
  • REACTIVE ENVIRONMENTS: Harness dynamic environmental destruction for exciting combat possibilities and master complex rituals to alter your surroundings.
  • REALITY MEETS THE UNEXPLAINABLE: Dive into a dark and brutalist-inspired world where daily reality has been corrupted by an otherworldly force.

Control is available on Nintendo Switch (Cloud version), PS4, PS5, Xbox One, Xbox SerieS X|S and PC


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