What you want to know
- Embracer Group is a holding firm that owns a number of publishers and dozens of recreation growth studios reminiscent of Aspyr, Saber Interactive, THQ Nordic, and extra.
- Embracer Group introduced that it’s buying The Lord of the Rings and The Hobbit IP for an undisclosed quantity.
- Embracer Group can be buying Bitwave Video games, Giotek, Restricted Run Video games, Singtrix, Tatsujin, Tripwire Interactive and Tuxedo Labs.
- Embracer Group additionally made yet one more acquisition which isn’t being named right now as a consequence of “business causes.”
Embracer Group, a holding firm that is acquired dozens of gaming and leisure firms during the last a number of years, introduced its newest slate of acquisitions, with a few significantly shocking names.
Embracer Group is buying (opens in new tab) The Lord of the Rings and The Hobbit IP. Embracer is absolutely buying Center-earth Enterprises, which manages licensing rights throughout video video games, merchandise, and rather more for The Lord of the Rings. The value of the acquisition was not disclosed.
“I’m really excited to have The Lord of the Rings and The Hobbit, one of many world’s most epic fantasy franchises be part of the Embracer household, opening up extra transmedia alternatives together with synergies throughout our international group,” says Lars Wingefors, Founder and CEO of Embracer Group.
The Lord of the Rings IP will likely be a part of a brand new publishing group below Embracer Group known as Embracer Freemode. Freemode will likely be targeted on traditional and retro leisure, and sits alongside 10 different publishing manufacturers below Embracer Group, together with Espresso Stain, Darkish Horse Media, Deep Silver, Gearbox Leisure, THQ Nordic, and Saber Interactive.
Embracer Group made quite a few different purchases, together with Swedish recreation growth studios Bitwave Video games and Tuxedo Labs, European gaming model Giotek, Japanese studio Tatsujin, American developer and writer Tripwire Interactive, collectibles firm Restricted Run Video games, and karaoke firm Singtrix.
Embracer Group made yet one more buy that’s not being named proper now for “business causes.” The value for this unnamed acquisition can be not being disclosed, however could be both the “third or fourth” largest for the corporate on this newest spherical of purchases.
Earlier within the 12 months, Embracer Group introduced it was buying Tomb Raider, Deus Ex, and three Western recreation growth studios from Sq. Enix, all for the worth of $300 million.
