‘Lord Of The Rings’ Owner Embracer Sees Entertainment Sales Fall 10% In “Slow” Quarter
deadline.comEmbracer Group, the Sweden-based firm that holds the rights to the Lord of the Rings franchise, has posted second quarter entertainment net sales down 10% in a “slow” period that should quicken up next month.
The company’s Entertainment & Services net sales for the July-September period was SEK 1.25B ($113.16M), down on the same period last year.
Overall, the company posted net sales down 21% of SEK8.55B, with the PC/Console Games, Mobile Games and Tabletop Games units also seeing decreases.
Adjusted EBIT fell 33% from SEK1.81B last year to SEK1.21B this time round. Embracer, which purchased the rights to Middle-Earth Enterprises from The Saul Zaentz Comapany in August 2022, said its entertainment division “had another slow quarter, largely as expected” as few films to other titles released.
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