Lars Wingefors: Last News

K.J. Yossman “Lord of the Rings” owner Embracer Group has reported a 13% increase in net sales in Quarter 2, in part thanks to its intensive restructuring program. “In Q2, we delivered a stable quarter, with adjusted EBIT of SEK 1.8 billion [U.S.

Saber Interactive boss has confirmed the remake of Star Wars: Knights Of The Old Republic is still in development following the shake-up at Embracer.A remake of Star Wars: Knights Of The Old Republic has been in the works since 2021 but it’s faced a turbulent development. Originally, the remake of the 2003 game was due to be created by Aspyr Media before development was put on hold in 2022, following the sudden firing of two senior developers.Saber Interactive, which had joined the project earlier that year, then took over the remake.Updates have been few and far between, with Knights Of The Old Republic predicted to have a 2025 release date.

Lord of the Rings IP is performing “well ahead of business plan” for new owner Embracer Group, which grew sales by 50% last quarter while layoffs and division closures were being announced.

K.J. Yossman “Lord of the Rings” owner Embracer told shareholders and investors that the fantasy franchise, which they snapped up last summer for $395 million, has been a significant growth driver in Q1.

K.J. Yossman Embracer Group, the Swedish gaming conglomerate that snapped up the rights to “Lord of the Rings” and “The Hobbit” in a surprise deal last summer, has finally revealed how much it paid – and it seems like they got a bargain. The Karlstad-headquartered company has confirmed it spent SEK 4.2 billion – $395 million at today’s conversion rates – to acquire Middle-Earth Enterprises from the Saul Zaentz Company last August. At the time the deal was announced, Embracer and Saul Zaentz declined to say how much the “Lord of the Rings” holding company had sold for. But estimates at the time projected the rights – which include worldwide rights to films, video games, board games, merchandising, theme parks and stage productions – were worth up to $2 billion.

Sweden’s Embracer paid nearly $396M for the rights to the Lord of the Rings franchise.

Layoffs and closures are imminent at Lord of the Rings IP owner Embracer Group as the Swedish outfit unveils a restructure that will focus on “cost savings, capital allocation, efficiency and consolidation.”

K.J. Yossman “Lord of the Rings” owner Embrace Group has unveiled a dramatic company restructure including the appointment of a new COO, a new CSO, studio closures and lay-offs. “Today we announce a comprehensive restructuring program that will enable us to realize untapped potential in Embracer Group and better optimize the use of our resources. Across the group, we are now initiating multiple actions to strengthen our cash flow generation and leverage our portfolio of IPs to become a stronger company and setting out on a stable future to build even greater games to the benefit of gamers and fans across the globe ”, said Lars Wingefors, CEO and co-founder of Embracer.

The Lord of the Rings franchise can reach the $6B-plus scale of Marveland Star Wars, according to the man who brokered the sale of the IP to Sweden’s Embracer Group, who revealed new information about the deal.

Swedish video game company Embracer Group has acquired Middle-earth Enterprises, a division of The Saul Zaentz Company, which owns the intellectual property catalogue and worldwide rights to The Lord of the Rings trilogy and The Hobbit by J.R.R. Tolkien.

Coffee Stain Studios, the publisher behind hits like Valheim and Satisfactory, is donating £207,000 ($250,000) to charities that are aiming to provide aid to those affected by Russia’s invasion of Ukraine.In a statement posted on both Twitter and Instagram, the studio said that “Right now, millions of innocent people are suffering as a report of the needless, senseless war in Ukraine. Our hearts go out to all who have been affected.”Coffee Stain explained it would be donating the money to support the important work of Save the Children and the Red Cross, which is providing aid to people affected in Ukraine.