Embracer Group released its latest financial report, which included updates on how their restructuring is going so far. With debt down to about $1.4 billion, there's still more cuts (including canceled games) to go.
 Embracer Group layoffs have hit cinematics animation studio Digic Pictures, which the company acquired in 2021.Â
First announced two years ago, at Sony's showcase in 2021, Star Wars: The Old Republic's remake is seemingly being officially scrubbed from around the internet. Could the project be another casualty as part of Embracer Group's reorganization?
According to several new reports, both Gearbox Entertainment and Jagex may find themselves up for sale soon.
As part of its ongoing restructuring, Embracer Group has shut down Saint's Row and Red Faction developer Volition Games.
Earlier this year, Swedish company Embracer Group saw a deal fall through to the tune of $2 billion USD, something that caused its stock to plummet back in May. Now, thanks to a new Axios report, we know more about exactly who that deal was supposed to be with a Saudi Arabia-backed investment group.
Amazon Games and Middle-earth Enterprises announced this morning that the two have entered into a partnership to make a brand new Lord of the Rings-themed MMORPG. The upcoming MMO is in pre-production and is being made by the the Amazon Games Orange County team resposible for New World.
Embracer Group recently had its quarterly financial report, and the company revealed it has more Lord of the Rings titles in the works, as well as indications its current line up of MMOs seem to be doing well for the company overall.
The latest financial report from Embracer Group shows growth, with MMOs among the revenue drivers. Valheim was also cited, having sold over 10 million copies.
According to financial releases from Embracer Group, the company may soon confirm that Saber Interactive is taking over development on the Star Wars: The Old Republic remake.
In a move announced late last night (or early morning in Europe, take your pick), Swedish company, and now seemingly owner of Geekdom, Embracer Group announced they had acquired Middle-earth Enterprises. This means that the company now owns the company that owns the adaptation rights for Tolkien's Legendarium.
Embracer Group has announced a deal to acquire Crystal Dynamics, Eidos, and Square Enix Montreal for $300 million, a deal which includes over 50 IPs.
Earlier this month it was announced that Perfect World Entertainment was acquired by Embracer Group, though will operate independently under Gearbox. Now we know a bit more about Perfect World and why Embracer purchased the company. Notably, we have some metrics from some of the ongoing MMOs from Cryptic, including revenues and player numbers for games like Neverwinter and Star Trek Online.