Latest in embracer group

The company that owns IP rights to the Lord of the Rings franchise is dividing its business. Embracer Group has unveiled plans to split into three operations: games publisher Asmodee Group, indie gaming label Coffee Stain & Friends and Middle-earth Enterprises & Friends, which will house the Lord of t…

Video game publisher Take-Two Interactive Software has acquired Gearbox Entertainment, the company behind the Borderlands franchise, for $460 million in an all-stock deal with Embracer, the latest big deal in the video game business. The deal comes as Lionsgate is releasing Eli Roth’s theatrical…

Lord of the Rings IP is performing “well ahead of business plan” for new owner Embracer Group, which grew sales by 50% last quarter while layoffs and division closures were being announced. The Sweden-headquartered video game giant unveiled its first quarterly results today since revealing layoffs…

Sweden’s Embracer paid nearly $396M for the rights to the Lord of the Rings franchise. The 4.25BN SEK ($395.6M) paid for Middle-earth Enterprises was revealed today in Embracer’s annual report. At the time of the deal, no financial figure was placed on the agreement but was thought to be much higher…

Layoffs and closures are imminent at Lord of the Rings IP owner Embracer Group as the Swedish outfit unveils a restructure that will focus on “cost savings, capital allocation, efficiency and consolidation.” In a letter delivered to staff this morning, Embracer Group CEO Lars Wingefors said it will…

Count actor Elijah Wood among those who are rooting for the new Lord of the Rings movies that are planned. Warner Bros. Pictures and Swedish media company Embracer Group said earlier this year they will produce more films based on The Lord of the Rings and The Hobbit. Wood, who played Frodo…

The Lord of the Rings franchise can reach the $6B-plus scale of Marvel and Star Wars, according to the man who brokered the sale of the IP to Sweden’s Embracer Group, who revealed new information about the deal. ACF Investment Bank CEO Thomas Dey told Mipcom Cannes Lord of the Rings is one of around…

Good Afternoon International Insider team, Max Goldbart here with your mid-August dose of headlines, analysis and silly emojis. We’re taking a break next week but will be back with your favourite Friday lunchtime newsletter in a fortnight on September 2. For now, read on. Johnny Depp’s Very International Comeback Back…

Swedish video game company Embracer Group has acquired Middle-earth Enterprises, a division of The Saul Zaentz Company, which owns the intellectual property catalogue and worldwide rights to The Lord of the Rings trilogy and The Hobbit by J.R.R. Tolkien. The financial terms of the acquisition were not disclosed. But…

Embracer Group, a Swedish video game holding company, unveiled plans to buy Dark Horse Media, the comic book and entertainment group founded and led by Mike Richardson. Dark Horse, with operations in LA and Milwaukie, Oregon  owns or controls more than 300 intellectual properties and has 181 employees across business…