Remedy Entertainment's annual report reveals significant progress across its development pipeline. Control 2 has cleared the crucial concept validation phase and is now in full production, signaling a major step forward for the project.

Alongside Control 2, two other titles are actively under development: FBC: Firebreak and the remakes of Max Payne 1+2. These projects, previously in pre-production a year ago, have progressed to the next development stage. However, the Tencent collaboration, Project Kestrel, has been cancelled, a decision made 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.

Budgetary details are available for some projects. Control 2, with a €50 million budget, will be self-published by Remedy and released on Xbox Series X|S, PlayStation 5, and PC. FBC: Firebreak, boasting a €30 million budget, 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, they are confirmed as AAA-level productions with full development and marketing funding provided by Rockstar Games.