In a post to the Remedy Games website, Control franchise Game Director Mikael Kasurinen announces a project codenamed Condor, a multiplayer spin-off of Control. This is part of a publishing deal with 505 Games, But it sounds like it will be awhile before we see much of the project. Mikael acknowledges the potential for skepticism since Remedy is primarily a single player studio. This announcement has all the details, saying Condor will be a four player co-op PvE game. It also says Remedy and 505 are also planning to create a bigger budget Control game, promising more detail in the future. Here's more:

Condor is a spin-off of the critically acclaimed Control game, which was published in 2019. Since its publishing, Control has been nominated for 11 BAFTA® Games Awards and received over 20 “Game of the Year” awards. The new game will be built on Remedy’s proprietary Northlight® engine and tools. Condor will be available on PC, PlayStation 5, and Xbox Series X|S.

“We are excited to continue and further expand our collaboration with Remedy. With over 2 million copies sold and revenue exceeding EUR 70 million, Control is an extremely successful game,” say Rami and Raffi Galante, co-CEOs of Digital Bros Group. “As a multiplayer game, Condor has the potential to engage the gaming community in the long run, contributing to 505 Games’ product revenue stream longer than traditional games.”