"We feel Annapurna is the perfect partner to work with as the game development is moving forward towards production," say Remedy's Mikael Kasurinen and Juha Vainio.
Remedy Entertainment says more than 80 percent of the acclaimed survival horror sequel's budget has been recouped so far.
Control 2's development team has "reached an important milestone in delivering a build of the game showcasing several important features in playable form", Remedy Entertainment says.
"The development team has been working towards developing the game to an early functional state from beginning to end," Remedy says.
The second expansion occurs in an "independent government organization" on the shores of Cauldron Lake, where things go wrong.
It includes the base game, Digital Deluxe Edition items, Expansion Pass and more. The Collector's Edition ships in December for $199.99.
Remedy has also toned down the amount of resource drops doled out in Night Springs Episodes 2 and 3 to "more reasonable levels."
Night Springs may not be essential, but it's still an absolute blast.
The physical release of Alan Wake 2 will need players to download updates and the second DLC separately.
In addition to showcasing the first expansion for Alan Wake 2, Remedy Entertainment has announced physical deluxe and collector's editions, due out this fall.
Alan Wake 2's first of two paid expansions, Night Springs, is scheduled to release at some point in 2024.
Codename Kestrel was cancelled while still in its concept stages after being announced back in November 2023.
However, Remedy Entertainment says the game's sales "have continued with a high average price."
Meanwhile, Control 2 is in the final leg of the proof-of-concept stage, while Max Payne 1 and 2 Remake is also gearing up to enter full production.
The studio wants to grow both franchises to have "an ability to generate revenues and profits at a high level."
The remake, alongside Control 2 and Condor, will advance to the next stage of production before July, Remedy says.
Instead of a GeForce RTX 2060 or a Radeon RX 6600, PC players can now use a GTX 1070 or RX 5600 XT to play at 1080p/30 FPS at Low quality.
The Finnish game developer will handle publishing, marketing, distribution and other rights for Condor and Control 2 going forward.
Remedy Entertainment confirms it's working on a much-requested feature for its acclaimed survival horror title.
The three projects will have an "increased development pace" thanks to personnel freed up from the launch of Alan Wake 2.