Tero Virtala has resigned as CEO of Remedy Entertainment following difficulties with their recent live service game. His departure is effective immediately.
The company announced last week that it is abandoning its investment in the game FBC: Firebreak. The first-person shooter didn’t gain enough popularity in the competitive co-op gaming market, leading to the decision.
Virtala, who became CEO in 2016, will stay on during a transition period while the company searches for a replacement. Markus Mäki, a co-founder, will immediately step in as interim CEO.
The studio behind Alan Wake originally anticipated a profit this quarter, but disappointing sales of their recent online game led to a €14.9 million loss. This loss essentially equals the game’s total development cost.
It’s unclear if the recent problems with FBC: Firebreak led to Virtala leaving, but considering how quickly everything happened, it’s reasonable to suspect a connection.
Honestly, it was nice to hear that the new interim CEO, Mäki, took the time to thank Virtala for everything he did and wished him well. It just seems like a classy move, you know?
Even with everything going on, I’m not too worried about Remedy. They’re busy working on remakes of Max Payne for Rockstar, which is awesome, and they’re also planning Control 2 – I’ve been waiting for that one forever!
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2025-10-22 14:06