After two years since its launch, Remedy has revealed that Alan Wake remastered has finally made back its devlopment and marketing costs. With the original game launching in 2010, the remastered hit shelves around eleven years later, in October 2021.
The Finnish studio is looking back at its financial results in the third quarter of its current fiscal year. With Alan Wake Remastered now being profitable, the studio is also looking at a slight decrease in revenue in the third quarter, along with quite higher losses than the same period in the last fiscal year.
Tero Virtala, CEO of Remed, mentions how the studio has been heavily investing in several game projects, commenting how "in the short term, this has a negative impact on revenue, profitability and cash position". Along the many new projects, the studio is working on remakes of their two classic Max Payne titles and also a sequel to their biggest success ever, Control.
In November of last year, Remedy reported being quite unhappy with the sales of Alan Wake Remastered. The release of the title could be seen as a sort of stop-gap for the studio, while it was busy working on the sequel, along with its other projects and needing funds to stay alive.
Many on Reddit claimed to be surprised that the remastered version of Alan Wake had even come out, commenting that the "marketing budget clearly was not spent in the right way". The studio also revealed, in November of last year, that Alan Wake Remastered had not generated any royalties.
Still, the Finnish studio managed to keep working on its other projects and, with the success of Alan Wake 2, they are going to continue producing both the remastered versions of Max Payne 1 & 2 and Control 2. The Finnish studio is also working on two different live-service games, Project Condor and Codename Vanguard.
It might have looked like Remedy was walking on thin ice for a while, last year, but it seems the Finnish studio can now look ahead at a bright future. Flashlight or no flashlight.