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Recouping Investment: A Two-Year Journey Approximately two years post its launch, Alan Wake Remastered has achieved a significant milestone by recouping its development and marketing expenses. Released in October 2021, the revamped version of the original Alan Wake has finally managed to break even during the third quarter of the current fiscal year, marking a pivotal moment for developer Remedy Entertainment. Remedy’s Fiscal Snapshot This financial turnaround was highlighted in Remedy’s fiscal report for the quarter ending on September 30, 2023. Despite the success of Alan Wake Remastered, the report indicated a slight decrease in quarterly revenue by 1.1 percent, amounting to €7.8 million (approximately $8.3 million). Additionally, the company faced a loss of €5.5 million ($5.8 million), a substantial increase compared to the $3.3 million loss reported in the same quarter of the previous year. Investment in Future Projects According to Remedy’s CEO Tero Virtala, this financial scenario is attributed to the studio’s increased investment in its ongoing game projects. Virtala emphasized that these investments, while temporarily impacting revenue, profitability, and cash position, are essential for the studio’s long-term goals and sustainability. Inside Remedy’s Upcoming Endeavors Control 2: An Ambitious Pursuit Control 2, the much-anticipated sequel, is currently in the proof-of-concept stage. Virtala described it as an ambitious project, hinting at the significant efforts and resources being invested to bring this title to fruition. Reviving Max Payne The remakes of Max Payne 1 and 2 have reached the “production readiness” stage. This progression marks a definitive step in the development process, especially after the studio gained a clearer understanding of the games’ style and scope. Exploring New Horizons Remedy is also working on Codename Vanguard, a games-as-a-service title, and Condor, a co-op multiplayer title and Control spin-off. Condor, in particular, is ready to enter production. Virtala highlighted that these projects reflect Remedy’s valuable insights into developing service-based games and its readiness to create long-term engaging experiences for players. Alan Wake 2: Critical Acclaim and Future Prospects Alan Wake 2, launched on October 27, 2023, has not had its sales figures disclosed yet. However, the game has received critical acclaim for its storytelling, visuals, and technical achievements. While it’s too early to comment on its commercial success, the positive reception lays a strong foundation for potential long-term sales. Final Thoughts: The financial rebound of Alan Wake Remastered signifies not just the success of a single title but also the resilience and strategic planning of Remedy Entertainment. The studio’s diverse and ambitious future projects, including Alan Wake 2 and Control 2, showcase its commitment to innovation and long-term engagement in the gaming industry. Also Read:

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development costs

Alan Wake Remastered: A Financial Turnaround and Remedy’s Ambitious Future