Embracer Group announces plans to spin-off Fellowship Entertainment
Embracer Group announced plans to spin off Fellowship Entertainment, which will focus on premium intellectual property and development, including titles like Kingdom Come: Deliverance and Tomb Raider. The remaining Embracer entity will implement a more efficient structure with tighter cost control. This news coincides with Embracer's Q4 financial results, which showed a 24% net sales decline and a significant non-cash impairment.
- Entities
- Topic: Company Restructuring
- Company: Tarsier Studios
- Company: Amazon
- Game: Darksiders
- Game: Kingdom Come: Deliverance
- Game: Echoes of the End
- Topic: Financial Results
- Game: Dead Island
- Game: Metro
- Game: Reanimal
- Company: Milestone
- Game: Screamer
- Game: Remnant
- Company: Embracer Group
- Company: Fellowship Entertainment
- Company: THQ Nordic
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