Lars Wingefors: Last News

K.J. Yossman Embracer has reported disappointing results for the second quarter of 2024, reporting a large drop in net sales of 21% across the gaming group to SEK 8.6 billion ($782 million), with net sales of its entertainment and services also dropping by 10%.

Embracer 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.

Star Wars: Knights Of The Old Republic is still in the works.Star Wars: Knights Of The Old Republic was first released in 2003 but remains one of the most beloved Star Wars games ever made.In 2021, it was confirmed a remake of the game was in the works, but it’s been a rocky road so far. Aspyr Media started work on the reimagined Knights Of The Old Republic before the project was put on hold the following year after two senior developers were fired.

Embracer Group‘s masterplan to build on its Lord of the Rings IP is in its infancy, but the signs are good.

K.J. Yossman “Lord of the Rings” owner Embracer Group delivered a mixed bag during its fourth-quarter 2024 earnings Thursday, revealing that while its adjusted operating profit had risen by 56% to 1.4 billion Swedish krona ($132 million), sales in its entertainment and services division – which currently houses its Tolkien and “Tomb Raider” IP – had dropped by 15%. The Swedish-based gaming conglomerate also revealed CFO and deputy CEO Johan Ekström is set to step down after five years for personal reasons.

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.

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.

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.