Finnish studio Remedy has officially announced it's developing Control 2 for PS5, Xbox Series X|S, and PC after signing a publishing agreement with 505 Games. Using the team's own Northlight engine and tools, the game is currently in the concept stage. Control 2 only adds to the projects Remedy already has in production, which includes Alan Wake II and the Max Payne 1 + 2 Remake.
Remedy CEO Tero Virtala said in an investment post on the developer's website: "I'm now proud to confirm that the bigger-budget Control game, also known as Codename Heron, is Control 2, a full-blown sequel to our award-winning game Control." With the first game having sold over three million copies, Remedy has been handed a budget of €50 million for the sequel.
"Control is the biggest investment 505 Games has ever made, so it has a special place in our hearts. We are grateful to the whole player community that has made Control such a long-lasting and loved game, and are even more excited to bring out Control 2," co-CEOs of 505 Games Rami and Raffi Galante explain. Remedy will retain the Control IP as per the publishing agreement, with "development, marketing, and post-launch investments as well as the future net revenues generated by the game" split equally between the two companies.
While it seems like Control 2 is quite a few years away from release — it's only in the concept stage — if you want to catch up with the story, Control: Ultimate Edition on PS5 and PS4 is included in PS Plus Extra. With the Alan Wake universe confirmed to be connected in some way to Control, Alan Wake Remastered might be worth a playthrough as well as next year's sequel.