Control Developer Remedy Just Had a Record Financial Year, Without Releasing a Game
Remedy more than doubled its operating profit in 2020, achieving a record financial year despite releasing no games.
According to the company’s latest financial report for the 12 months ending December 31, 2020, full-year revenue is up by 30% at €41.1 million. Operating profit comes in at €13.2 million, over twice the €6.5 million achieved during 2019.
These figures make 2020 a record-breaking, landmark year for the Finnish developer. This was all done without a new game release. Instead, success has come via the continued sales of Control. Remedy launched the game on additional platforms in 2020, such as Steam, Xbox Game Pass, and cloud services, and an Ultimate Edition was published by 505 Games that included a next-gen upgrade for console players.
While no new games were released in 2020, Remedy did release expansions for Control, including AWE, which tied together shared story threads between Control and Alan Wake.
With a record year out of the way, Remedy is on for a development-heavy 2021. The company recently secured a deal with Epic Games’ new publishing label, with which it will produce a AAA game and a smaller scale project, both for console and PC.
Additionally, Remedy is also working with Smilegate on the single player campaign of Xbox exclusive shooter, CrossfireX. We’ve already had a short look at what has been produced so far, and it appears that Remedy is going full Call of Duty on this one.
Matt Purslow is IGN’s UK News and Entertainment Writer.