Annapurna Interactive is investing his portfolio in Remedy Entertainment Control 2, and will help the Finnish developer transform its two franchises into transmedia properties.
Both studios have entered into a “strategic partnership agreement” under which Annapurna will cover 50 percent of the sequel's development budget. In turn, it now has the rights to “expand” Control and Alan Wake into film, TV, and “select audiovisual media.”
This follows words from Remedy CEO Tero Virtala that both franchises would be expanded on earlier this year, and Remedy got the full franchising rights for the Check in February.
Remedy and Annapurna reach agreement
Under the terms of the deal, Remedy gets a larger share of revenue from Control 2 sales after initial investments are recovered. Meanwhile, future “audiovisual productions” will generate more revenue for Annapurna.
“This strategic partnership between Annapurna and Remedy is an important milestone and an exciting opportunity for us,” Virtala wrote. “It ensures that we can develop Control 2 in the best possible game, will allow us to move into self-publishing select titles and expand our franchises into other media.”
For Annapurna, this technically marks the second game to be adapted into a film or TV series. Last year, it revealed it would be bringing BlueTwelve's sci-fi cat adventure Stray on the big screen and indicated that other titles could be adapted.
Starting from early August, Control 2 was in the prep stage for production. However, Remedy's immediate focus on its multiplayer spin-off “Condor,” along with contract work to remake the first two Max Payne Games for Rockstar.
Earlier this week, the original Check has turned five. As for what medium it will go on or Alan Wake, the press release is tight-lipped.