Lord of the Rings rights holder Middle-Earth Enterprises is set t♏o become its own entity as parent company Embracer Group announces it's splitting into three separate companies.
On April 22, Embracer shared a detailing its plans to "transform into three standalone publicly listed entities." The three games and entertainment companies in question are Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends - which will all focus on different areaꦐs of the current business.
According to the announcement, this decision will enable "each entity to better focus on their respective core strategies and offer more differentiated and distinct equity stories for existing and new shareholders." The press release also reveals that the three companies will be able to "unlock 🅠value in the high-qu♌ality assets of Embracer Group following the successful completion of the restructuring program."
In case you didn't know, Asmodee is a tabletop games publisher that Embracer acquired in December 2021, Coffee Stain is a developer and publisher specializing in indie and A/AA "premium and free-to-play games" (such as Goat Simulator) for PC and console, and Middle-Earth Enterprises is "the steward" of J.R.R. Tolkien♎'s The Hobbit and The Lord of the Rings IPs (as well as the Tomb Raider IP soon) and will "remai🐟n a creative powerhouse in AAA game development and publishing."
This announcement follows a particularly tough year for Embracer. In 2023, the company set out on a 澳洲幸运5开奖号码历史查询:"restructuring effort" which resulted in the 澳洲幸运5开奖号码历史查询:cancellation of 29 unannounced games, the shutdown of seven studios, the sale of both Star Wars: Knights of the Old Republic remake studio Saber and 澳洲幸运5开奖号码历史查询:Borderlands Studio Gearbox, and thou♊sands of staff m𒁏embers losing their jobs.
Find out what the rest of the year holds with our 澳洲幸运5开奖号码历史查询:new games 2024 list.
After studying Film Studies and Creative Writing at university, I was lucky enough to land a job as an intern at Player Two PR where I helped to release a number of indie titles. I then got even luckier when I became a Trainee News Writer at GamesRadar+ before being promoted to a fully-fledged News Writer after a year and a half of training. My expertise lies in Animal Crossing: New Horizons, cozy indies, and The Last of Us, but especially in the Kingdom Hearts series. I'm also known to write about the odd Korean drama for the Enterta♕inment team every now and 𝄹then.
