Remedy Entertainment's annual report reveals exciting progress on several fronts. Control 2 has cleared a major hurdle, successfully completing its concept validation phase and entering full production. This signifies a significant step forward for the project.

Alongside Control 2, two other projects are actively under development: FBC: Firebreak and the remakes of Max Payne 1+2. A year ago, these titles were in the preparatory stages; now, they've progressed to full production. However, the studio has confirmed the cancellation of Kestrel, a collaborative project with Tencent, which was terminated in May of last year.

All current projects leverage Remedy's proprietary Northlight engine, a technology proven successful in titles like Alan Wake 2 and other studio releases.

Financially, Control 2 boasts a projected budget of €50 million. Self-published by Remedy, it's slated for release on Xbox Series X|S, PlayStation 5, and PC. FBC: Firebreak, with a more modest budget of €30 million, will launch on PlayStation and Xbox subscription services, alongside Steam and the Epic Games Store.

While the budget for the Max Payne 1+2 remakes remains undisclosed, Remedy confirms they will be AAA-quality titles. Development and marketing costs are fully covered by Rockstar Games.