Remedy Entertainment revealed in its latest financial report that it has yet to receive royalty payments for Alan Wake Remastered from Epic Games Publishing because the game hasn’t turned a profit. Epic has to recoup its development and marketing expenses for the game before it’s able to pay royalties, which is par for the course when it comes to publishing agreements.
Last November, Remedy said that Alan Wake Remastered sales “started well.” The developer was understandably looking solely at unit sales. Publishers don’t usually reveal how many copies a certain game has to sell to become profitable and there’s been no word on how many copies Alan Wake Remastered has sold. Nevertheless, the game has certainly drummed up interest for Alan Wake 2, but once again, it’s being published by Epic so Remedy is unlikely to see an immediate spike in revenue following launch.
“Game royalties consisted mostly of Control sales, which declined year-on-year in line with our expectations,” Remedy wrote. “We had no royalty revenue from Alan Wake Remastered during the first quarter as Epic Games Publishing has yet to recoup its development and marketing expenses for the game.”
As far as the sequel is concerned, Remedy has postponed plans to showcase the game but has reassured investors that production is in full swing. “A lot of work remains, but the game is starting to take a more complete form in many areas,” the report reads. “As communicated earlier, Alan Wake 2 will be released in 2023.”
In other news, Elden Ring finally unseated Call of Duty to become the best-selling game in the United States over the last twelve months (and it sold most copies on PS5 and PS4), and rumor has it that the next PlayStation event is scheduled for the first week of June.
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