Remedy Signs Partnership with Annapurna for Control 2 and Film Adaptation of Control & Alan Wake
– 2 min read
Remedy Entertainment and Annapurna Pictures have announced a strategic partnership for Control 2. Annapurna will fund 50 per cent of the development budget and will bring Control and Alan Wake to film and television.
Remedy Entertainment has announced a strategic partnership with Annapurna Pictures. The company will fund 50 per cent of the development budget for the upcoming Control 2 game and will receive the rights to expand the Control and Alan Wake franchises into film and television. "Remedy will receive a greater revenue share from game sales after the initial investments have been recouped, proportional to the amounts invested. Conversely, Annapurna will receive a greater revenue share from the audiovisual productions," the Finnish company said. The stock market has responded to the deal with confidence. The share price is currently up ten per cent on the previous day.
Annapurna, founded by Megan Ellison in 2011, will take the lead in expanding Control and Alan Wake into new entertainment media, allowing Remedy to focus on the development of Control 2 and other upcoming games. As part of the deal, Annapurna will acquire an option on television, film and select audio-visual licensing rights for Control and Alan Wake, as well as related ancillary products. Remedy will retain full IP rights to Control and Alan Wake.
"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," said Megan Ellison, Founder and CEO of Annapurna. "By leveraging Remedy's innovative narratives and immersive worlds, we can push the boundaries of how stories are told and experienced across mediums."
"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," said Tero Virtala, CEO of Remedy Entertainment.
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