Former Embracer CEO says Fellowship Entertainment spin-off is the "most effective long-term solution"
Embracer Group's former CEO Lars Wingefors has stated that spinning off Fellowship Entertainment is the most effective long-term solution for its undervalued intellectual properties. The new entity will focus on IPs like Kingdom Come: Deliverance, Tomb Raider, and Lord of the Rings, aiming for industry-leading profitability and organic growth. This move is part of Embracer's broader restructuring efforts following significant layoffs and asset sales.
Games Industry
- Entities
- Coffee Stain
- Kingdom Come: Deliverance
- David Anfossi
- Business Strategy
- Gearbox
- Layoffs
- Arc Games
- Volition Games
- Lars Wingefors
- Piranha Bytes
- Asmodee
- Embracer Group
- Free Radical Design
- Fellowship Entertainment
- Campfire Cabal
Original source
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