Embracer Group announces split into two companies and creation of Fellowship Entertainment

Swedish holding company Embracer Group has announced plans to split its business into two independent publicly traded companies. As part of the restructuring, some of its biggest gaming intellectual properties, including Tomb Raider and The Lord of the Rings, will be transferred under the management of the newly formed Fellowship Entertainment.

The launch of Fellowship Entertainment is planned for 2027. The company will operate as an IP-focused entertainment business with a centralized strategy centered on game development, publishing, and licensing.

The parent company Embracer Group will continue operating as a decentralized organization with separate strategies for its different business segments. According to management, the split will provide Embracer with greater flexibility for mergers and acquisitions, while Fellowship will be able to fully focus on expanding its studios and publishing operations.

Fellowship Entertainment will take control of the following franchises and studios

Intellectual Properties

• The Lord of the Rings
• Tomb Raider
• Darksiders
• Dead Island
• Kingdom Come: Deliverance
• Metro
• Remnant

Studios Under Management

• 4A Games
• Crystal Dynamics
• Dambuster Studios
• Dark Horse Media
• Eidos-Montréal
• Fishlabs
• Flying Wild Hog
• Gunfire Games
• Middle-earth Enterprises
• RedOctane
• Warhorse Studios

The following assets will remain within Embracer Group

Intellectual Properties

• Destroy All Humans!
• Desperados
• Gothic
• Killing Floor
• Kingdoms of Amalur
• MX vs. ATV
• Reanimal
• Ride
• Screamer
• Titan Quest
• Wreckfest
• Hot Wheels Unleashed
• SpongeBob SquarePants licensed game series

Companies and Divisions

• Aspyr
• Beamdog
• CrazyLabs
• DECA Games
• Demiurge Studios
• DPI Merchandising
• Limited Run Games
• Milestone
• PLAION Partners
• PLAION Pictures
• THQ Nordic, including 35 studios and subsidiaries
• Tripwire Interactive
• Vertigo Games

Current Embracer Group CEO Phil Rogers, COO Lee Guinchard, and CFO Muge Bouillon will move to the same positions within Fellowship Entertainment.

As a result, Embracer Group has already started searching for new candidates for its CEO and CFO positions.

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