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Alan Wake 2 development is proceeding smoothly, Remedy said in their investor report, and the team has a fully playable build ready (thanks, Eurogamer). Remedy CEO Tero Virtala made the comments in the report's opening summary, outlining what the studio has in store for 2023 after having to adjust their 2022 forecast downward as the year drew to a close.

“Alan Wake 2 is in full production,” Virtala said in the report. “The game will soon have all content in place, and it is playable from start to finish. We will then move onto polishing the experience. Alan Wake is a unique brand that holds high value for the company today.”

That value doesn’t always show itself in evident ways, though. Virtala also said Alan Wake Remastered has yet to sell enough where the company earns royalties from the horror game. However, Virtala believes the enthusiasm around Alan Wake 2 will help drive further sales, as existing fans and new players will, he hopes, want to experience the story from its beginning.

Remedy has several other projects in development alongside Alan Wake 2. Control 2 is one of them, along with Codename Condor, a multiplayer Control game, and Codename Vanguard, a free-to-play co-op game. These are much earlier in development, though. Virtala said they’re all still in “proof of concept” stage.

Alan Wake 2 is planned to launch for PC, PS5, and Xbox Series X|S sometime later in 2023.