"The announcement comes just a week after issuing a "profit warning" on its official blog, where it revealed that its venture into the live-service market, FBC: Firebreak, had failed to meet its targets and was going to cost the company around €14.9 million. As such, the company had to alter its forecast for the year, going from an expected profit to an expected loss."
"Remedy, of course, is a company that has always struggled to bring in money. It has created multiple amazing games that have found critical success and loyal fanbases, but that doesn't always translate to sales. It took nearly a year and a half for Alan Wake 2 to finally recoup its development and marketing costs. In other words, it's a company that can't really afford a €14.9 million loss."
Remedy CEO Tero Virtala is stepping down after nearly a decade as the company issues a profit warning tied to FBC: Firebreak. FBC: Firebreak failed to meet targets and will cost around €14.9 million, forcing a change from an expected profit to an expected loss for the year. Co-founder Markus Mäki will serve as interim CEO while Virtala works through a transition period. Remedy's live-service pivot drew criticism given its cinematic, singleplayer specialization. Remedy has historically struggled financially despite critical success; Control 2 and Max Payne remakes provide potential future revenue.
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