Embracer Group announced plans to split into two listed companies next year, creating Fellowship Entertainment to take charge of high‑profile titles such as Tomb Raider and The Lord of the Rings. The new arm will also launch an IP licensing division aimed at generating revenue by allowing third parties to develop games, films and other media using Embracer’s catalog.
Board chair Lars Wingefors told shareholders that the licensing unit will focus on both flagship and secondary properties. While the biggest franchises—Tomb Raider, Lord of the Rings, Metro and Dead Island—remain core to the strategy, the company will “more actively” pursue external collaborations on titles like Saints Row, Legacy of Kain, Deus Ex, Red Faction, The Mask, Thief and TimeSplitters. Dark Horse will join the licensing team, leveraging its experience co‑producing film and TV projects.
Embracer’s recent cost‑cutting saw the cancellation of a TimeSplitters reboot, the shutdown of the Saints Row studio, and the shelving of a planned Deus Ex game. However, Legacy of Kain has resurfaced with a Crystal Dynamics remaster and a new 2D spin‑off, hinting that some dormant IPs may still find new life under the licensing push.
