{"id":12594,"date":"2022-08-18T15:19:21","date_gmt":"2022-08-18T15:19:21","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/18\/lord-of-the-rings-and-hobbit-rights-snapped-up-by-embracer-in-game-buying-spree\/"},"modified":"2022-08-18T15:19:22","modified_gmt":"2022-08-18T15:19:22","slug":"lord-of-the-rings-and-hobbit-rights-snapped-up-by-embracer-in-game-buying-spree","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/18\/lord-of-the-rings-and-hobbit-rights-snapped-up-by-embracer-in-game-buying-spree\/","title":{"rendered":"Lord of the Rings and Hobbit rights snapped up by Embracer in game buying spree"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/8\/18\/23311082\/embracer-group-acquisition-lord-of-the-rings-hobbit-limited-run-games-tripwire<\/a>
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Embracer Group has embarked on an acquisition spree today that includes Limited Run Games, Tripwire Interactive, and the IP rights to Lord of the Rings<\/em> and The Hobbit<\/em>. There are five acquisitions in total today, alongside a sixth undisclosed deal for a company in the PC and console gaming space.<\/p>\n

The Lord of the Rings<\/em> and Hobbit <\/em>rights mean Embracer now has control over movies, video games, board games, merchandising, stage productions, and even theme-park rights for the Tolkien fantasy franchises. This includes Amazon\u2019s very big and expensive<\/a> take on Lord of the Rings <\/em>that will debut on Prime Video<\/a> on September 2nd. Embracer notes<\/a> that it could even explore \u201cadditional movies based on iconic characters such as Gandalf, Aragorn, Gollum, Galadriel, Eowyn and other characters from the literary works of J.R.R. Tolkien.\u201d<\/p>\n

Embracer is a huge publishing group that recently acquired<\/a> big names like Tomb Raider<\/em>, Deus Ex<\/em>, and Thief<\/em>, and already operates more than 100 studios including Borderlands<\/em> developer Gearbox, Saber Interactive, and THQ Nordic. Saudi Arabia recently bought a $1 billion stake in Embracer<\/a>, around 8 percent of the company\u2019s shares.<\/p>\n

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Could we eventually see a Gandalf movie?<\/em><\/figcaption>Image: Tolkien Enterprises, Inc. \/ New Line Cinema Corporation<\/cite><\/p>\n

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Embracer\u2019s addition of Limited Run Games<\/a> opens the door to more physical games across its studios and games, as Limited Run is well known for collector\u2019s editions and it often enables smaller developers to be able to create physical copies of their games. Tripwire<\/a> is known for Killing Floor,<\/em> Maneater<\/em>, and Rising Storm. <\/em>The huge publishing group also announced today the acquisition of home karaoke system Singtrix<\/a> and Teardown <\/em>developer Tuxedo Labs<\/a>.<\/p>\n

Embracer has been quietly building its giant publishing group, and it also owns comics and entertainment brand Dark Horse. \u201cI am pleased to welcome an amazing group of entrepreneur-led companies to the Embracer family and to extend our portfolio with some truly remarkable IPs and franchises, including The Lord of the Rings,\u201d says Embracer co-founder and CEO Lars Wingefors in a statement. \u201cIt is encouraging that our group has become a natural and preferred buyer of creative, growing and profitable companies within Gaming and Entertainment.\u201d<\/p>\n

The five acquisitions announced today are around $577 million in total upfront costs, and there\u2019s even a sixth secret purchase that Embracer isn\u2019t disclosing yet. \u201cEmbracer has entered into agreement to acquire another company within PC \/ console gaming that, for commercial reasons, is not disclosed today,\u201d explains a financial filing<\/a>. \u201cThe purchase price for this un-disclosed acquisition is in the range of being among either third or fourth largest of the transactions.\u201d<\/p>\n

Embracer\u2019s buying spree comes months after its deal to acquire Square Enix\u2019s three major Western game studios, and amid huge acquisitions across the gaming industry. Sony acquired<\/a> Destiny <\/em>developer Bungie for $3.6 billion, and Take-Two spent $12.7 billion<\/a> on FarmVille <\/em>maker Zynga. Microsoft is also in the process of its giant Activision Blizzard acquisition<\/a> for $68.7 billion.<\/p>\n<\/div>\n


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Source: https:\/\/www.theverge.com\/2022\/8\/18\/23311082\/embracer-group-acquisition-lord-of-the-rings-hobbit-limited-run-games-tripwire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: Embracer Group has embarked on an acquisition spree today that includes Limited Run Games, Tripwire Interactive, and the IP rights to Lord of the Rings and The Hobbit. There are five acquisitions in total today, alongside a sixth undisclosed deal for a company in the PC and console gaming space. The Lord of the […]<\/p>\n","protected":false},"author":1,"featured_media":12595,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,8],"tags":[13],"class_list":["post-12594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-technology","tag-gaming"],"yoast_head":"\nLord of the Rings and Hobbit rights snapped up by Embracer in game buying spree - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/08\/18\/lord-of-the-rings-and-hobbit-rights-snapped-up-by-embracer-in-game-buying-spree\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lord of the Rings and Hobbit rights snapped up by Embracer in game buying spree - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Embracer Group has embarked on an acquisition spree today that includes Limited Run Games, Tripwire Interactive, and the IP rights to Lord of the Rings and The Hobbit. 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