In today’s investors’ announcement from Remedy Entertainment, they formally announced a broadening relationship with Annapurna. The relationship calls for Annapurna to finance 50% of the development budget for the upcoming Control 2 while gaining the rights to expand the Control and Alan Wake franchises into film and television.
As part of the deal, Annapurna will acquire an option to television, film, and selected audiovisual licensing rights for Control and Alan Wake as well as related ancillary products. Remedy will retain the full IP rights for Control and Alan Wake.
Megan Ellison, Founder and CEO of Annapurna, had the following to say:
“The future of storytelling requires seamlessly integrating gaming, film, and television, and this partnership will allow us to explore new ways of bringing these narratives to life. By leveraging Remedy’s innovative narratives and immersive worlds, we can push the boundaries of how stories are told and experienced across mediums.”
Tero Virtala, CEO of Remedy Entertainment, added the following:
“This strategic partnership between Annapurna and Remedy is an important milestone and an exciting opportunity for us. We know Annapurna shares our passion for our IPs and the universes we have created. With award-winning movies such as Zero Dark Thirty and games like Stray, Annapurna’s expertise across film, TV, and video games makes them an ideal partner for us. This agreement will ensure we can develop Control 2 into the best game possible, allow us to move into self-publishing for selected titles and expand our franchises to other mediums.”
