Italian game publisher 505 Games, known for titles such as Ghostrunner and the cloud version of Control on Switch, has made the decision to close its offices in Germany, Europe and France. The move, part of a larger “business review” by parent company Digital Bros, includes planned layoffs of 30 percent of employees. The decision to close the European offices is in line with Digital Bros’ announcement from November, where they highlighted changes in consumer behavior towards games. With players preferring established IP addresses and longer playtimes with familiar titles, 505 Games adapts its business strategy to these changing trends.
In a related development, Remedy Entertainment, the studio behind Alan Wake 2, has acquired full rights to the Control IP. This acquisition, valued at 17 million dollars, includes the rights to the original game, its sequel and a multiplayer spinoff. Remedy’s move to secure the Control IP marks a significant step for the studio, allowing them full control over the future of the franchise. This acquisition is in line with Remedy’s focus on creating narrative, immersive experiences, as seen in their previous titles.
For 505 Games, the closure of the European offices reflects a strategic response to the evolving gaming landscape. As gamers seek familiarity and longevity in their gaming experiences, publishers are adapting their approaches to meet these demands.
