Remedy Buys Full Control IP Rights from 505 Games for Up to €17 Million
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Remedy Entertainment has acquired all rights to the Control IP from 505 Games, including rights to existing and future Control games.
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This includes rights to Control, the multiplayer spin-off Condor, Control 2, and other future Control products.
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The deal allows Remedy to weigh options between self-publishing or finding a new partner for future Control projects.
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The maximum purchase price is €17 million, but Remedy can offset certain receivables to reduce the net cash payment.
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Remedy will make the purchase price payment over 12 months and continue working with 505 Games during a transition period into 2024.