Embracer Group acquires rights to Lord of the Rings, Killing Floor studio and more

The Swedish holding continues to expand with acquisitions from the entertainment world.

Every time progress is made in 2022, we get new news about major acquisitions that directly affect video games. it is possible to have a name Embracing Group It’s been making a lot of noise over the past few months, especially as it’s the Swedish conglomerate that, in May of this year, bought Square Enix’s western studios and with them the rights to epics as iconic as Tomb Raider. or Deus Ex.

Now the company has officially shared documents revealing more acquisitions; Bought the rights to Lord of the Rings. Specifically, Embracer Group acquired Middle-earth Enterprises, a division of The Saul Zaentz Company.

You can adapt Tolkien’s work into movies and video games.What does it mean? The company now has the rights to adapt JRR Tolkien’s books (also The Hobbit) in video games, movies, board games, construction sites, parks, commercial products and more.

Figures for the total cost of operations are not provided. Although figures close to 600 million dollars are mentioned, these data represent the initial purchase rate, so its value is unknown, which is likely higher and we can know in the near future.

Many more purchases

In addition to the company that owns The Lord of the Rings and The Hobbit, Embracer Group announced that it has acquired four more companies. One of the most directly related to video games, tripwire interactive studioKilling Floor developers.

However, it has also been made. Limited Condition Gamescompany known for running different limited physical versions of indie video games that usually only have a digital version, Tuxedo LaboratoriesWith the Los Angeles-based studio responsible for Teardown singerspecializes in karaoke systems.

They also stay at Limited Run GamesAgain, figures corresponding to all these purchases were not shared, although in the financial report corresponding to the last quarter from Embracer Group. acquires another undisclosed computer and console video game company Still for business reasons.

The Swedish conglomerate also bought the studio of Japanese Masahiro Yuge. tatsujinHe did not miss the opportunity to hold the rights to Toaplan and make a purchase on it. Bitwave Games Which game will rule the Cheat! to existing consoles.

Embracer Group informed its investors that it has many ongoing projects. they speak privately 220 projects in development, including 25 triple-A games It will be released by fiscal year 25/26. They also have the triple A, which they will announce soon, and they are guaranteed to make a few announcements at Gamescom 2022, which will be released in the fourth quarter of the fiscal year.