Remedy Entertainment: Codename Kestrel cancelled as Remedy focuses on existing franchises

[Gamernyc78]

Remedy Entertainment Plc: Codename Kestrel cancelled as Remedy focuses on existing franchises - Remedy Investors

Remedy Entertainment Plc Press Release May 7, 2024, at 9.00 […]

investors.remedygames.com

Codename Kestrel cancelled as Remedy focuses on existing franchises​

Remedy Entertainment Plc (“Remedy”) and Tencent Plc (“Tencent”) have decided to cancel the game project codename Kestrel. Codename Kestrel had a small team working on the early concept stage of a premium cooperative multiplayer game. The game was being developed by Remedy, co-financed with Tencent, and to be co-published with Tencent. The project started in November 2023 as a reboot from an earlier project codenamed Vanguard.

The decision to cancel codename Kestrel allows Remedy to focus more on the other games in its portfolio. Other ongoing game development projects will get experienced developers reassigned from Kestrel. In addition, the planned investment needs for Kestrel are removed and Remedy’s overall recruitment needs are reduced.

“Codename Kestrel showed early promise, but the project was still in its early concept stage. Our other projects have advanced well and are moving to the next stages of development, and increasing focus on them provides us with benefits. We can reallocate talented Kestrel developers to these other game projects, and many of our support functions get additional focus on their operations. This is yet another means to ensure that our game projects continue advancing well. I want to thank our Kestrel development team. Though we decided to discontinue the project for wider Remedy benefits, our team has done good work and provided us with valuable learnings. I also want to thank Tencent for their partnership so far. They have been very professional and supportive,” says Remedy’s CEO Tero Virtala

 

[Vertigo]

curious that no mention of tencent terminating any partnership…

 

[Gediminas]

curious that no mention of tencent terminating any partnership…

because tencent usually invest money into companies and leave them to operate as they was. few devs already spoke about it.

 

[Yuniac]

Good tbh, they should focus on existing franchises I like that more. They already have Alan Wake, Control, Mad Max

 

[Evilnemesis8]

curious that no mention of tencent terminating any partnership…

I mean, the cancellation of the game is kind of a end of a partnership of sorts.

But Tencent just increased their investment in the company as of April 2024.
They went from holding 5% stocks to 14%.

So I think they see promise in the other projects at Remedy.

The project started in November 2023 as a reboot from an earlier project codenamed Vanguard.

Afaik Project Vanguard was from 2021 till somewhere in 2023. Then it stopped and got rebooted for just a few months before they've decided this wasn't working out.

So all in all they worked on this in some capacity for 3 years, it was never a big team though, mostly stuck in the conceptual phase.

Remedy also have another MP project, which I assume is where most of the people on this team will be moved to.
It's based in the Control IP.

It is called Project Condor.

I think this is the most recent pipeline image we have for Remedy:

Production readiness means theyre going in production proper.
So if things go according to plan Condor and Max Payne 1&2 and most likely going to be the next games from Remedy at some point in a couple years.

 

[Umar]

Wonder if that rumour about them working on a ps exclusive all those years ago was true? Starting to look like it wasnt

 

[Nym]

Thank God give me Max Payne asap

 

[Gamernyc78]

Thank God give me Max Payne asap

Definitely need Max Payne!

 

[Gamernyc78]

Remedy and Tencent all over the place.

 

[KvallyX]

AW2 and Control were shit IMO. I want something else from Remedy, or a Max Payne 4.

 

[Gamernyc78]

AW2 and Control were shit IMO. I want something else from Remedy, or a Max Payne 4.

I agree tht I want Max Payne or something else.

 

[Yuniac]

Control was great.

 

[Gamernyc78]

My son enjoyed it.

 

[Gamernyc78]

Cancelations and layoff news seem to cone at the same time when thy are announced.

 

[Yuniac]

Cancelations and layoff news seem to cone at the same time when thy are announced.

Now that you said it, with how badly AW2 did... I see Remedy announcing layoffs. I hope not.

Honestly, AW2 shouldn't have been Epic exclusive, it was better to not make the game at all if it was going to be doomed sales-wise. But they have been waiting to make it for years and they had no money so I understand them taking the money from Epic.

I will be supporting them with Control 2 and AW2 as long as they don't ruin it with any nonsense.

 

[Gamernyc78]

Now that you said it, with how badly AW2 did... I see Remedy announcing layoffs. I hope not.

Honestly, AW2 shouldn't have been Epic exclusive, it was better to not make the game at all if it was going to be doomed sales-wise. But they have been waiting to make it for years and they had no money so I understand them taking the money from Epic.

I will be supporting them with Control 2 and AW2 as long as they don't ruin it with any nonsense.

Thy will eventually.