Embracer Group splits up, starts new company to house LOTR, Tomb Raider and more

Embracer Group is going through yet another round of major organisational changes. The company hit dire financial straits a few years ago, leading to numerous layoffs and studio closures. Now that the dust has settled, Embracer is spinning off Middle-Earth Enterprises into a new company to house the group's largest IP, including LOTR, Tomb Raider and more. 

The move is somewhat similar to Ubisoft's recent restructuring, which saw new companies put in place to house various projects. One of the new subsidiaries, Fellowship Entertainment, will maintain ownership of the Lord of the Rings IP, Tomb Raider, Darksiders, Dead Island, Kingdom Come Deliverance, Metro and Remnant.

The studios joining Fellowship Entertainment include Dark Horse Media, 4A Games, Crystal Dynamics, Eidos Montreal, Fishlabs, Flying Wild Hog Studios, Middle-Earth Enterprises, Redoctane Games, Warhorse Studios and Gunfire Games.

Meanwhile, Embracer will continue to oversee IPs like Destroy All Humans, Kingdom of Amalur, Titan Quest, Wreckfest, Gothic, Killing Floor, Hot Wheels and even SpongeBob. Studios like Aspyr, Beamdog, Limited Run Games, Plaion, Tripwire, Vertigo Games and THQ Nordic will also remain under Embracer.

Amid all of this restructuring, Embracer has also announced plans to explore licensing opportunities for some of its popular but dormant IP, including Deus Ex, Thief, Red Faction and TimeSplitters.

KitGuru Says: Hopefully this is the end of Embracer Group's long-running restructuring saga. 

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