Remedy has shared new information about the status of its upcoming Max Payne remakes, as well as a number of other projects in the works at the studio right now.
In a new investor document looking back on the third quarter of 2023, Remedy says its upcoming Max Payne 1 & 2 remake project has “progressed into the production readiness stage”.
The studio says it has an “exceptionally well-organized team” working on the remakes, and that it has “gained clarity on the style and scope” of the project.
Naturally, Remedy doesn’t give a release date or release window, but it does say that it’s “excited about the project and its future success”, so hopefully, we should hear more about Max Payne soon.
Whether or not the remakes will enter into Remedy’s extended universe remains to be seen, but one game that almost certainly will is Control 2.
That game, according to Remedy, is still in the proof-of-concept stage, and will remain there for “the next few quarters”. Don’t expect to see Control 2 in full anytime soon.
Two of Remedy’s other upcoming projects, currently codenamed Condor and Codename Vanguard, also get updates in the new investor document.
Condor is also in the “production readiness stage”, according to Remedy. The studio says it’s gained “valuable insights into developing service-based games” and that it hopes to create a game “players can engage with for years”.
Codename Vanguard, meanwhile, is still in the proof-of-concept stage. Remedy says it’s “defining the next stage of the project” with its publishing partner, presumably referring to Tencent.
In financial terms, the document points towards losses for Remedy in the third quarter of 2023. The studio says this is due to “investing more in our ongoing game projects than ever before”.
Remedy’s projections for its long-term financial success are somewhat conservative owing to “the amount and nature of the variables impacting game sales”.
However, the studio says its upcoming projects have the potential to “succeed in a bigger way”, providing “significant revenue and operating profit growth”.
It’s worth noting this report does not take into account the launch of Alan Wake 2, which landed last week and which may well turn the company’s financial fortunes around at a stroke. We’ll have to wait and see.
