Remedy Entertainment

Remedy Entertainment Plc
Native name
Remedy Entertainment Oyj
FormerlyRemedy Entertainment Oy (1995–2017)
Company typePublic
Nasdaq HelsinkiREMEDY
ISINFI4000251897
IndustryVideo games
Founded18 August 1995; 29 years ago (1995-08-18)
Founders
  • Samuli Syvähuoko
  • Markus Mäki
  • Sami Nopanen
  • John Kavaleff
  • Sami Vanhatalo
Headquarters,
Finland
Key people
Products
RevenueDecrease €43.6 million (2022)[1]
Decrease €-0.6 million (2022)[1]
Owner
  • Markus Mäki (23.7%)
  • Tencent (14%)
  • Sam Lake (4.15%)
  • Tero Virtala (2.22%)
  • (as of 30 April 2024)[2]
Number of employees
Increase 360[3] (2023)
Websiteremedygames.com

Remedy Entertainment Oyj, trading internationally as Remedy Entertainment Plc, is a Finnish video game developer based in Espoo. Notable games the studio has developed include the first two entries in the Max Payne franchise, Alan Wake, Quantum Break and Control. Sam Lake, Remedy's creative director, has represented the company on numerous occasions.

Founded in August 1995 by members of demoscene group Future Crew, Remedy Entertainment created their first game, Death Rally, in a team member's basement. Apogee Software served as the game's publisher, and continued to be involved in the production of their next title, Max Payne, which received critical acclaim upon release. The game was followed by a sequel, Max Payne 2: The Fall of Max Payne, released by Rockstar Games. After spending seven years working on the Max Payne franchise, the developer decided to create a new intellectual property called Alan Wake. This title was once suspected to be vaporware because of the length of time it took to produce and release. It gained a cult following when it was released in 2010, by Microsoft Game Studios, though at the time its sales were not enough to justify the production of a sequel. Remedy decided to pursue a new project named Quantum Break, which further expanded the live-action component of Alan Wake. The team had transitioned to become a multi-project studio since 2016, and had three projects in development, including Control and the single-player portions of CrossfireX. Remedy's latest title, Alan Wake 2, was released on 27 October 2023. They are currently developing Control 2 and a remake of their original Max Payne titles.

Remedy Entertainment has specialised in making cinematic single-player action games featuring a strong central character. With their roots in the demo scene Remedy have a strong history in developing their own game engines for their titles, most notably Northlight for Quantum Break. The studio underwent rapid expansion during the 2010s. It became a public company in 2017, and moved into a larger office in Espoo in 2018. Remedy opened their second studio in Stockholm in 2022.

  1. ^ a b "Financial Statements Release January - December 2022" (PDF). investors.remedygames.com. Remedy Entertainment. Archived (PDF) from the original on 14 March 2024. Retrieved 10 January 2024.
  2. ^ "Shareholders – Remedy investors". Remedy Entertainment. 24 August 2021. Archived from the original on 11 July 2021. Retrieved 2 February 2022.
  3. ^ "Careers". Archived from the original on 7 March 2023. Retrieved 7 March 2023.