Tencent continues to strengthen its position outside China by investing more money in Western companies. It has now increased its stake in Max Payne and Control maker Remedy Entertainment.

Remedy has shared a financial report for 2021, calling it a strong year and promising that the best times for the company are yet to come. The Finnish studio has four major games in development, which should drive its long-term growth.

Remedy Entertainment has signed a development, license, and distribution agreement with Tencent. The Chinese giant will co-finance the production of PvE shooter codenamed Vanguard and localize it for the selected Asian markets.

Sam Lake has officially announced Alan Wake Remastered, saying that it is “nearing its completion.” The upgraded version of the game will come out this fall on consoles and PC and will be published by Epic Games.

Remedy has signed a co-publishing and development agreement with 505 Games for a multiplayer Control spin-off title. The new game is a 4-player cooperative PvE game, codenamed Condor.

Tencent Holdings acquired 3.8% of shares in Remedy Entertainment, something that the Control and Alan Wake creators have been informed of after the deal.

Journalist and industry nsider Jeff Grubb claims that Remedy Entertainment is working on the second installment in the Alan Wake franchise.

Today, March 26, Epic Games announced a new initiative. It is called Epic Games Publishing. That’s right. The Fortnite and Epic Games Store company is going to begin publishing games by third-party teams.

As announced at E3 2019, online tactical first-person shooter CrossFire that came out on PC about ten years ago is launching on Xbox One in 2020 rebranded as CrossFire X. Remedy has been working on a single-player campaign for CrossFire X since 2016.