Chinese technology company Tencent invested in Entertainment Tool more money and increased its influence among creators Alan Wake 2. As of May 2021, it owned 3.8% of the Finnish studio. It has now increased its stake to 14.80%. This gives Tencent voting rights.
Tencent’s investment will allow Remedy to focus on developing more innovative and complex games that will be released more regularly. The team is currently creating new projects. Already in the second quarter of this year Full production of the remake of Max Payne 1 and 2 will begin for PC, PlayStation 5 and Xbox Series X/S. There’s also a sequel to the excellent action-adventure Control, Project Kestrel, and the co-op spin-off Control. It has already entered full development.
“Based on extensive internal playtesting, we see the core loop as engaging and the game brings Remedy’s unique take on the genre.” The company is announcing a co-op spin-off called Control. The title is described as the first step in the exploration of live service games. The initial budget is 25 million euros, the game is built on the internal Northlight engine and will be released on PC, PS5 and Xbox Series X/S.
Remedy’s latest financial report showed that despite great praise, money invested in Alan Wake 2 they haven’t returned yet. It has sold over 1.3 million copies through at least March 31, 2024. Remedy says it has recouped a significant portion of its costs, but Survival Horror is not yet profitable.
Tencent also owns stakes in FromSoftware (16.25%), Krafton (13.6%), Ubisoft (9.99%), Frontier Developments (6.86%), Paradox Interactive (5%), Shift Up (20% ), Bloober Team (22%). , Epic Games (40%), Don’t Nod (40.4%) or Bohemia Interactive (minority share). She then fully owns Funcom, Riot Games or Sumo Digital and has a majority stake in Turtle Rock Studios, Techland, Fulqrum Publishing, Klei Entertainment, Tequila Works, Yager Development or Fatshark.
Source :Indian TV
