In a State of the Studio post, Quantum Break developer Remedy revealed that two projects are underway. To handle the workload, the studio bifurcated into multiple teams.
"For a while now already, we’ve been developing a brand new Remedy game with a new partner. Our second team is working on an early concept, which will turn into another Remedy game sometime in the future."
Although the former project has been underway for a good chunk of time, neither project is far enough along for Remedy to feel comfortable pulling back any curtains at E3 next week. "We can’t wait to show and tell your more about these new projects, but if there’s anything we’ve learned from the past, it’s that we should have the patience to announce games when they’re ready enough."
The studio anticipated the buzz its announcement would cause, and nipped hope for a new Alan Wake game in the bud. Emphasizing the importance of setting expectations, Remedy admitted that neither of its dual projects is an Alan Wake game—but that doesn't mean it won't explore the universe in other mediums.
No specifics were mentioned, but television, film, and comic books all seem logical avenues for Remedy to continue telling Alan Wake's story. This could have something to do with the trademark for Alan Wake's Return that Remedy filed back in February.
Further, the studio will continue to support Quantum Break, which became the biggest-selling Microsoft Studios-published IP of this generation (so far). "It’s something we’re extremely proud of, so thank you to all of our fans for making the game a success and our long-time partner Microsoft for helping us create something unique."