The Lord of the Rings/Middle-earth

Embracer Will Spin-Off 'Fellowship Entertainment' Into Its Own Company

Embracer Group plans to spin off its Fellowship Entertainment division into a standalone company in 2027. This move aims to increase management focus on its intellectual properties, including franchises like The Lord of the Rings, Tomb Raider, and Metro. CEO Lars Wingefors believes the IPs are undervalued and will thrive independently, potentially leading to industry-leading profitability.