Remedy Entertainment announced they have signed a co-publishing and development agreement with 505 games to develop a multiplayer spin-off game based on their adventure game Control.
Currently codenamed Condor, players can expect a new co-op adventure developed in Remedy’s proprietary Northlight engine. Condor is currently in development for PlayStation 5, Xbox Series X|S, and PC.
“We are excited to continue and further expand our collaboration with Remedy. With over 2 million copies sold and revenue exceeding EUR 70 million, Control is an extremely successful game,” said Rami and Raffi Galante, co-CEOs of Digital Bros Group. “As a multiplayer game, Condor has the potential to engage the gaming community in the long run, contributing to 505 Games’ product revenue stream longer than traditional games.”
Condor will be a 4-player co-op game with PvE content. The game may include abilities found in Control, but there’s little information about the game’s features.
“We have successfully collaborated with 505 Games for over four years and have both become stronger in our respective fields. We are happy to extend and deepen our partnership. This new agreement supports Remedy’s aims to expand our games into long-term franchises, create benchmark-setting games, strengthen our commercial capabilities and collaborate with great partners with whom we can succeed together,” says Tero Virtala, CEO of Remedy Entertainment.
Condor’s initial development budget amounts to EUR 25 million. The development and marketing investments will be equally split between 505 Games and Remedy Entertainment and the future net revenues generated by the game.
In addition, 505 Games and Remedy Entertainment have outlined high-level collaboration terms to further expand the Control franchise with a bigger-budget Control-game, to be agreed in more detail in the future.
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