Embracer Group has quietly grown into a gaming super publisher with massive studio purchases, and this week they have added The Lord of the Rings and The Hobbit to their list.
Over the past year, Embracer Group has established itself with a mountainous foothold in the gaming industry. Massive studio acquisitions such as Square Enix Montreal, Eidos, Gearbox, and even outside gaming, acquisitions like Dark Horse Comics have been attached to the growth of the huge publisher. With rumours of a potential Ubisoft acquisition from Tencent, Embracer Group seems unlikely to stop expanding, with their latest rights acquisition of The Lord of the Rings and The Hobbit gaming franchise rights.
Embracer wasn’t done there; they have also purchased Limited Run Games, and Tripwire Interactive in a shop-til-you-drop approach in the gaming industry. Notably, the rights to the Middle-Earth franchises means the group doesn’t only have the capabilities to produce games, it can officially make any type of publication including movies and role-playing game boards. Amazon’s latest take on Middle-Earth with The Rings of Power is included also in the huge deal.
Another notable point is the recent report from June, that mentions Saudi Arabia accruing 8.1% of the Embracer stock with a $1 billion stake being placed on the company through Savvy Gaming Group, which is controlled by the Saudi Arabia Public Investment Fund. This is ultimately led by Arabian royalty, Mohammed bin Salman the report from GamesIndustry details.
Knights of the Old Republic Remake Potentially Saved By Embracer
Last month, the anticipated remake was indefinitely put on the shelf according to reports that Aspyr had stopped working on the remake due to internal issues the studio faced, but today there may be an olive branch extended towards the epic RPG in a galaxy far far away. Aspyr’s parent company, Sabre Interactive has been alluded to as the development successor to the remake, a company known for their prowess on porting The Witcher 3: Wild Hunt to the Switch on a single game cartridge, They are also owned by the Embracer Group. Fans will have to wait for further developments regarding the latest in KOTOR’s impending remake.
It’s safe to say the Embracer Group has catapulted into extreme importance in the gaming industry, and it seems the sky is the limit for what they could scoop up next in their intense buying spree. Following Embracer on Twitter is a good idea for those looking to stay keyed in to their exciting developments.
