Remedy
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CrossfireX will shut down in May
Xbox shooter is latest in a wave of online games to be scrapped this year
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Remedy revenue up 7% despite underperforming Alan Wake
Re-release of the popular title did not generate royalties, sequel on track for 2023
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Remedy's profit grew 56% as it amassed $13.2m during Q1 2022
Studio's revenue growth was attributed to development fees and royalties accounted for $1m of the total
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Remedy profit plummets as Control royalties decline
Operating profit at the studio went from €3.4 million in Q3 2020 to €290,000 for the same period this year
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Control continues boosting Remedy's financials
The title has now reached 10 million players since launch
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Record year for Remedy despite no new game releases
Ongoing success of Control boosts Finnish developer as it ramps up work on next game and two Epic-funded projects
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505 Games: There are "blockers" preventing free next-gen upgrades for Control
Publisher claims it was impossible to offer Xbox Series X and PlayStation 5 versions without some players being left out