Embracer Group has launched into an acquisition spree as we speak that features Restricted Run Video games, Tripwire Interactive, and the IP rights to Lord of the Rings and The Hobbit. There are 5 acquisitions in whole as we speak, alongside a sixth undisclosed deal for a corporation within the PC and console gaming area.
The Lord of the Rings and Hobbit rights imply Embracer now has management over films, video video games, board video games, merchandising, stage productions, and even theme-park rights for the Tolkien fantasy franchises. This consists of Amazon’s very huge and expensive tackle Lord of the Rings that can debut on Prime Video on September 2nd. Embracer notes that it may even discover “extra films based mostly on iconic characters similar to Gandalf, Aragorn, Gollum, Galadriel, Eowyn and different characters from the literary works of J.R.R. Tolkien.”
Embracer is a big publishing group that recently acquired huge names like Tomb Raider, Deus Ex, and Thief, and already operates greater than 100 studios together with Borderlands developer Gearbox, Saber Interactive, and THQ Nordic. Saudi Arabia not too long ago purchased a $1 billion stake in Embracer, round 8 p.c of the corporate’s shares.
Embracer’s addition of Limited Run Games opens the door to extra bodily video games throughout its studios and video games, as Restricted Run is well-known for collector’s editions and it usually permits smaller builders to have the ability to create bodily copies of their video games. Tripwire is thought for Killing Ground, Maneater, and Rising Storm. The massive publishing group additionally introduced as we speak the acquisition of residence karaoke system Singtrix and Teardown developer Tuxedo Labs.
Embracer has been quietly constructing its large publishing group, and it additionally owns comics and leisure model Darkish Horse. “I’m happy to welcome an incredible group of entrepreneur-led corporations to the Embracer household and to increase our portfolio with some really exceptional IPs and franchises, together with The Lord of the Rings,” says Embracer co-founder and CEO Lars Wingefors in a press release. “It’s encouraging that our group has change into a pure and most popular purchaser of artistic, rising and worthwhile corporations inside Gaming and Leisure.”
The 5 acquisitions introduced as we speak are round $577 million in whole upfront prices, and there’s even a sixth secret buy that Embracer isn’t disclosing but. “Embracer has entered into settlement to accumulate one other firm inside PC / console gaming that, for business causes, just isn’t disclosed as we speak,” explains a financial filing. “The acquisition worth for this un-disclosed acquisition is within the vary of being amongst both third or fourth largest of the transactions.”
Embracer’s shopping for spree comes months after its deal to accumulate Sq. Enix’s three main Western sport studios, and amid enormous acquisitions throughout the gaming trade. Sony acquired Future developer Bungie for $3.6 billion, and Take-Two spent $12.7 billion on FarmVille maker Zynga. Microsoft can be within the technique of its giant Activision Blizzard acquisition for $68.7 billion.