The company that owns IP rights to the Lord of the Rings franchise is dividing its business.
Embracer Group has unveiled plans to split into three operations: games publisher Asmodee Group, indie gaming label Coffee Stain & Friends and Middle-earth Enterprises & Friends, which will house the Lord of the Rings and Tomb Raider rights.
Each company will be publicly listed on the Nasdaq Stockholm exchange, but Middle-earth Enterprises & Friends will remain within the current listed Embracer Group, which will be renamed. Embracer has also entered into a €900M ($959M) financing agreement with Asmodee, which will partly go on repaying debts.
Embracer’s largest shareholder, CEO Lars Wingefors, is planning on a “new long-term ownership structure” and will remain “a long-term, active, committed and supportive owner of all three entities.” Shareholders representing more than 50% of the capital and votes are supporting the plan.
Embracer has been working on a restructuring program since June last year,...
Embracer Group has unveiled plans to split into three operations: games publisher Asmodee Group, indie gaming label Coffee Stain & Friends and Middle-earth Enterprises & Friends, which will house the Lord of the Rings and Tomb Raider rights.
Each company will be publicly listed on the Nasdaq Stockholm exchange, but Middle-earth Enterprises & Friends will remain within the current listed Embracer Group, which will be renamed. Embracer has also entered into a €900M ($959M) financing agreement with Asmodee, which will partly go on repaying debts.
Embracer’s largest shareholder, CEO Lars Wingefors, is planning on a “new long-term ownership structure” and will remain “a long-term, active, committed and supportive owner of all three entities.” Shareholders representing more than 50% of the capital and votes are supporting the plan.
Embracer has been working on a restructuring program since June last year,...
- 4/22/2024
- by Jesse Whittock
- Deadline Film + TV
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