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Embracer Group Paid $396 Million For The Rights To The Lord Of The Rings

The Lord of the Rings rights were purchased by Embracer Group for $396 million, it has been confirmed.

Major restructuring plans are afoot at Embracer Group, company CEO Lars Wingefors has announced.

Embracer Group shares have plummeted after a $2 billion partnership deal with an undisclosed party fell through at the last minute.

There are 5 The Lord of the Rings games coming by 2024 from Embracer Group, which presumably includes The Lord of the Rings Gollum.

Industry giant Embracer Group has a massive 19 AAA games to launch by March 31, 2026.

Embracer Group has shut down Studio Onoma, the studio formerly known as Square Enix Montreal, just months after acquiring the studio.

Embracer Group has long-term plans for The Lord of the Rings IP after acquiring it earlier this year.

The CEO of Embracer Group has revealed he’s disappointed by the polarising reception to Saints Row.

Embracer Group reportedly wants to keep the collaboration its newly acquired studios had with Marvel going, with more games to come in the future.

Embracer Group currently has more than 220 ongoing game development projects, and it’ll have “multiple” announcements coming during Gamescom 2022.