In its quarterly earnings presentation, Remedy Leisure shared an replace on its remake of Max Payne 1 and a pair of, as effectively as the information that Tencent has practically tripled its funding within the studio.
In a report for shareholders, Remedy introduced that Max Payne 1 & 2 remake is anticipated to maneuver into “full manufacturing” throughout Q2 of 2024 (April via June of 2024). Moreover, Codename Kestrel — Remedy’s upcoming multiplayer motion recreation previously identified as Vanguard — continues to be within the idea stage.
Elsewhere, the Management 2 workforce is finalizing its proof of idea and is anticipated to advance to the “manufacturing readiness stage” throughout Q2. Codename Condor, a multiplayer recreation set within the Management universe, is in “the ultimate improvement stage earlier than a recreation is launched,” or full manufacturing.
With all these video games within the cooker, Remedy has obtained a brand new infusion of money from present stakeholder Tencent. Beforehand, Tencent acquired a minority (3.8%) stake in Remedy that it later upped to five%. At this time, Remedy introduced that Tencent increased its stake again to 14.8%, practically triple what it was prior.
A busy 12 months for Remedy
It was a busy interval for Remedy. The corporate absolutely acquired rights to the Management franchise from 505 Video games, and is presently discussing future partnerships and enterprise and publishing fashions, together with self-publishing. Alan Wake 2 offered 1.3 million items as of the beginning of February, and Remedy says as we speak that the sport has recouped “a big half” of its bills.
The corporate moreover introduced as we speak that its COO Christopher Schmitz is resigning, and that long-time Remedy veteran and Management recreation director Mikael Kasurinen is being appointed as a company-wide artistic director. Remedy’s income for the quarter was up 56.2% year-over-year to €10.8 million ($11.6 million).
Two deliberate expansions for Alan Wake 2 are presently within the works, one entitled Evening Springs, and a second entitled The Lakehouse. Neither has a launch date simply but.
Rebekah Valentine is a senior reporter for IGN. Obtained a narrative tip? Ship it to rvalentine@ign.com.