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.
Games Industry
- Entities
- Company Restructuring
- Tarsier Studios
- Amazon
- Darksiders
- Kingdom Come: Deliverance
- Echoes of the End
- Financial Results
- Dead Island
- Metro
- Reanimal
- Milestone
- Screamer
- Remnant
- Embracer Group
- Fellowship Entertainment
- THQ Nordic
Original source
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