We can say that Alan Wake 2, which has not been officially announced by Remedy, but we are sure of its existence, has entered the full-blown production phase, because Remedy has announced that the production of the ‘unannounced’ game they are developing in cooperation with Epic Games has been accelerated.
Remedy acquired the rights to Alan Wake in 2019, and then they announced that they started working on the new game that will take place in the Remedy Connected Universe.
Remedy had made a publishing agreement with Epic Games for two projects, and it was said that these two games were in the same series. At the last investor meeting held by Remedy, the sentence “Remedy’s AAA game project with Epic Games is entering the full production phase, while the second and smaller game continues to be fully manufactured” was used.
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It is clear that there is a long delay for the game to come out, but even the revival of the Alan Wake series, which we have been waiting to see a new game for years, is exciting.
Epic Games provides all the funds for these projects, so we can say that these games will be Epic Games Store exclusive. IP rights are in Remedy.