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Embracer Group acquires The Lord of the Rings and The Hobbit rights

Embracer Group acquires The Lord of the Rings and The Hobbit rights
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Embracer Group began an acquisition spree today that included Limited Run Games, Tripwire Interactive, and IP rights. Lord of the Rings and the hobbit. Today, there are five acquisitions in total, along with an undisclosed sixth deal for a company in the PC and console gaming space.

this Lord of the Rings and the hobbit The rights mean Embracer now has control over the theme park rights for movies, video games, board games, merchandising, stage productions and even Tolkien fantasy series. Amazon’s huge and expensive so is he Lord of the Rings it’s going to happen First time on Prime Video on September 2nd. hugger notes He said he might even discover “additional films based on iconic characters like Gandalf, Aragorn, Gollum, Galadriel, Eowyn, and other characters from JRR Tolkien’s literary works.”

Embracer is a large publishing group. recently acquired big names like Tomb Raider, Deus Exand Thiefand currently operates more than 100 studios, including border areas developer Gearbox, Saber Interactive and THQ Nordic. Saudi Arabia recently bought it. $1 billion stake in Embracerabout 8 percent of the company’s shares.

Could we finally see a Gandalf movie?
Image: Tolkien Enterprises, Inc. / New Line Cinema Corporation

embracing Addition of Limited Run Games As Limited Run is known for its collector’s editions and often allows smaller developers to create physical copies of their games, it opens the door to more physical games at their studios and games. tripwire known for killing floor, executiveand The rise of the storm. The giant publishing group also announced the acquisition of a home karaoke system today. singtrix and dismantle developer Tuxedo Laboratories.

Embracer is quietly building its giant publishing group and also owns the comics and entertainment brand Dark Horse. “I am delighted to welcome a wonderful entrepreneur-led group of companies into the Embracer family and expand our portfolio with some truly notable IPs and franchises, including Lord of the Rings,” says Lars Wingefors, Embracer co-founder and CEO. Declaration. “It’s encouraging that our group has become a natural and preferred buyer of creative, growing and profitable companies in Gaming & Entertainment.”

The total upfront cost of the five acquisitions announced today is about $577 million, and there’s even a sixth secret acquisition that Embracer has yet to disclose. “Embracer has signed an agreement to acquire another company within PC/console games that was not disclosed today for commercial reasons,” he explains. financial filing. “The purchase price for this undisclosed acquisition is among the third or fourth largest of transactions.”

Embracer’s buying spree comes months after Square Enix’s deal to buy three major Western game studios and amid major acquisitions in the games industry. Sony has bought Destiny developer Bungie for $3.6 billion and Take-Two 12.7 billion dollars spent He farm house Zynga macro. Microsoft also in its own process giant Activision Blizzard acquisition $68.7 billion.

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