Will be released on consoles and on Epic Games Store for PC.
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Remedy creative director Sam Lake just confirmed a long running rumor that his studio was busy working on a remaster of Alan Wake. The new release will simply be called Alan Wake Remastered and, according to Sam Lake, is "nearing its completion."

This will mark the first time that Alan Wake will be released on a PlayStation platform. The original was only released on the Xbox 360 and then later on the PC. Alan Wake Remastered will be released for the PlayStation 4, PlayStation 5, Xbox One, Xbox Series X|S, and on PC exclusively through the Epic Games Store. And when I say "exclusively through the Epic Games Store" I'm not talking about any timed exclusive here. I mean, it could be timed, but the chances of that are slim to none given that Epic Games entered into a publishing deal with Remedy Entertainment back in March of 2020.

The original Alan Wake is now 11 years old and it certainly shows its age in a few different ways, especially for the Xbox 360 version. Sam Lake says that the original experience of the game is still intact, but it's got a whole lot of fresh paint. The visuals have been updated, including Alan Wake's model, and the cinematics have all been updated and improved with "some choice next-generation upgrades."

Alan Wake Remastered is expected to be released this Fall.

This is for you. Alan Wake came out over 11 years ago, and through that time, you have told us again and again how much you love the game, the story, the characters, and the lore. And that matters a lot to us. We love this game as well. I love this game. The remaster is coming because of your support for Alan Wake through the years.(...)

Early on in the game Alan Wake says, “In a horror story the victim keeps asking why – but there can be no explanation, and there shouldn’t be one, the unanswered mystery is what stays with us the longest, and it’s what we remember in the end.” This is an idea close to my heart. Stories that make me think excite me, stories where everything is not freely handed out to me or wrapped up neatly, where I am left with a mystery. Mysteries are magical to me, they hold a promise, and I am often happier with that than a final answer. This is what we as a team, and I as the lead writer of Alan Wake, set out to create for you a long time ago.