Games Industry
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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.
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