Embracer Group is dividing into two legally independent public companies: Fellowship Entertainment and Embracer. Fellowship will hold Embracer's largest intellectual properties, including Lord of the Rings, The Hobbit, Tomb Raider, Metro, Kingdom Come: Deliverance, Dead Island, Darksiders, Remnant, and studios like Eidos Montreal and Warhorse Studios [1, 2, 3, 4].
The other company, retaining the Embracer name, will hold secondary companies such as Aspyr, Limited Run Games, and THQ Nordic, focusing on external partnerships for less active IPs [1, 2, 3, 4]. Embracer plans to license out or collaborate with third-party studios to revive dormant or lower-priority IPs including Saints Row, Deus Ex, Legacy of Kain, TimeSplitters, Red Faction, Thief, and The Mask [1, 5, 2, 3, 4]. External partnerships could also include film and television adaptations of these franchises [5, 2, 4].
Phil Rogers, CEO of Embracer Group, said, "Our direction is clear: to build a more disciplined group with two distinct businesses, each with a mandate and a structure that supports transparency and execution. I am confident that this is the right path forward to deliver long-term value for our fans, our businesses and IPs, our people, and our shareholders" [1].
Founder and chair Lars Wingefors detailed the external focus, stating, "Apart from the largest IPs we will more actively be exploring external partnership around our roster of other well-known IPs such as Saints Row, Legacy of Kain, Deus Ex, Red Faction, The Mask, Thief, TimeSplitters, amongst many others" [2].
Some dormant IPs have frustrated fans and collaborators. Deus Ex lead actor Elias Toufexis criticized the lack of new titles, claiming there is currently "...no Deus Ex because the people in charge are psychopaths" [5].
Fellowship Entertainment aims to become an independent publicly listed company in 2027 [1, 3, 4]. From fiscal year 2027/2028 onward, it plans to invest capital and release at least two AAA titles annually from its core portfolio of major IPs [4].
