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.
- Entities
- Company: Coffee Stain
- Game: Kingdom Come: Deliverance
- Person: David Anfossi
- Topic: Business Strategy
- Company: Gearbox
- Topic: Layoffs
- Company: Arc Games
- Company: Volition Games
- Person: Lars Wingefors
- Company: Piranha Bytes
- Company: Asmodee
- Company: Embracer Group
- Company: Free Radical Design
- Company: Fellowship Entertainment
- Company: Campfire Cabal
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