Lars Wingefors
Reporting and statements that mention Lars Wingefors.
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Saber Interactive to add Rideshare 'Stimulator' AI disclosure after public controversy
Saber Interactive will update the Steam page for Rideshare Stimulator with an AI disclosure following controversy over claims that writers were replaced by generative AI. While Saber denies replacing writers, a former lead writer, Stella Sacco, stated she was replaced by ChatGPT. CEO Matt Karch has also made controversial comments about Embracer Group and Gearbox Software.
Star Wars: KOTOR remake is alive and eyeing a 2028 release window, according to Sabre Interactive's chief business office
Sabre Interactive's Chief Business Officer Steve Allison has indicated that the Star Wars: Knights of the Old Republic Remake is still in development and could be released around 2028. The project has faced numerous development challenges, including being moved from Aspyr to Sabre Interactive by Embracer Group. Despite past delays and uncertainty, Allison's comments offer a glimmer of hope for fans of the classic RPG.
Italy's 34BigThings spins out from Embracer Group
Italian game developer 34BigThings has spun out from Embracer Group, with co-founder Valerio Di Donata buying back 100% of the studio's stock. This move makes 34BigThings the second-largest independent game developer in Italy. The studio, known for titles like Carmageddon Rogue Shift and Redout, plans to announce a major new title later this year built on a beloved intellectual property.
Fares-studion Hazelight vinner regeringens exportpris
Hazelight Studios, founded by Josef Fares, has been awarded the Swedish Government's Export Prize for the cultural and creative industries. The award recognizes the studio's global success and contribution to promoting Sweden as an innovative country. This follows critical acclaim and strong sales for their game It Takes Two.
3 years after a $2 billion implosion, studio closures, and cancellations, Embracer's new CEO hopes 'trust is…
Embracer Group CEO Phil Rogers expressed hope for improving trust in the company despite a period of significant restructuring, studio closures, and cancellations. The company has undergone multiple reorganizations and asset sales, including the sale of Gearbox and the closure of Arc Games and Cryptic Studios. Rogers acknowledged the industry's challenges and stated that Embracer is focused on resetting and improving its position, with potential for future mergers and acquisitions guided by past learnings.
After a $2 billion mess that saw thousands of layoffs with many studios and games shut down, new Embracer CEO hopes…
New Embracer Group CEO Phil Rogers aims to restore the company's reputation following a period of significant layoffs, studio closures, and game cancellations after a major acquisition deal fell through. Rogers emphasized that future mergers and acquisitions will be funded through organic cash flow, and the company is reflecting on past decisions and industry changes. He hopes to rebuild trust with gamers by delivering enjoyable titles and focusing on key intellectual properties.
Morning Interviews
Embracer Group CEO Lars Wingefors expressed hope that trust in the company is improving, acknowledging that trust must be earned. The interview touches upon the company's business strategies and efforts to rebuild confidence.
Embracer Founder Wants to Embrace M&A Again
Embracer Group founder and Chair Lars Wingefors has expressed a desire to re-engage in mergers and acquisitions following the spin-off of Fellowship Entertainment. This strategic shift was communicated in an open letter to investors on the company's website.
Opinion: Lars Wingefors is out of his mind
This opinion piece criticizes Embracer Group co-founder Lars Wingefors' handling of the company's M&A strategy and subsequent layoffs. The author argues Wingefors' recent statements downplay the negative impact on workers and franchises, calling his revisionism appalling and his continued interest in M&A a commitment to repeating past transgressions.
Embracer founder says the company's "large adjustment" in 2023 was a chance for some studios "to prove themselves," not "a hard 'US Corporate style' headcount reduction"
Embracer Group founder Lars Wingefors described the company's significant restructuring in 2023 as an opportunity for some studios to prove themselves, rather than a traditional corporate layoff. Despite the company's association with industry layoffs, Wingefors stated the goal was to give select developers and IPs a chance to demonstrate their value following the collapse of a major deal.
Embracer chairman says cost control 'does not get enough respect' after presiding over years of layoffs
Embracer Group chairman Lars Wingefors defended the company's extensive layoffs and studio closures, stating that cost control is often underestimated. He argued that the company worked to retain as many employees as possible while balancing business needs. Wingefors' comments come amid ongoing restructuring and studio divestments following a significant investment collapse in 2023.
Embracer Group cuts itself into pieces, this is its last resort: Bifurcation, new listing—licensing out Kain and…
Embracer Group is splitting into two separate companies to improve focus and value creation. One entity, Fellowship Entertainment, will house studios like 4A Games and Crystal Dynamics, managing IPs such as Tomb Raider and The Lord of the Rings. The remaining Embracer will include THQ Nordic and other studios, with properties like Biomutant and Wreckfest. CEO Lars Wingefors indicated a more active exploration of external partnerships for IPs like Saints Row and Legacy of Kain.
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.
Embracer Plans On Letting Licensing Out Saints Row, Deus Ex, Timesplitters And More
Embracer Group CEO Lars Wingefors announced plans to explore external partnerships for licensing out several of the company's intellectual properties, including Saints Row, Deus Ex, and TimeSplitters. This strategy aims to revive dormant franchises and expand their reach beyond gaming into other media. A new entity, Fellowship Entertainment, will focus on major franchises like Tomb Raider and The Lord of the Rings.
Embracer is splitting in half again, sending Fellowship Entertainment on its merry way
Embracer Group is splitting into two segments, creating a new company called Fellowship Entertainment to house major IPs like The Lord of the Rings and Tomb Raider, with an IPO planned for 2027. This move aims to better communicate Embracer's diverse operations and unlock the potential of its undervalued assets. The company has undergone previous splits and significant layoffs following financial difficulties.
Deus Ex, Saints Row and TimeSplitters might be lent out to external partners, Embracer say, possibly paving the way for new entries
Embracer Group is exploring licensing out major IPs like Deus Ex, Saints Row, and TimeSplitters to external partners, potentially leading to new game entries or media adaptations. This strategy is part of the company's recent corporate restructuring into two main entities, Embracer and Fellowship Entertainment, with CEO Lars Wingefors highlighting the potential for these well-known franchises.
Embracer to spin off major video game franchises and studios
Embracer Group is spinning off its major video game franchises and studios into a new publicly listed company called Fellowship Entertainment, set to launch in 2027. This move aims to provide sharper management focus and clearer accountability for its diverse portfolio. Fellowship Entertainment will house key IPs like Darksiders, Dead Island, and Tomb Raider, alongside studios such as 4A Games and Crystal Dynamics.
Deus Ex and TimeSplitters games teased as Embracer Group does more restructuring
Embracer Group is restructuring and exploring external partnerships for its less prominent game franchises, including Deus Ex and TimeSplitters. This comes after the company previously cancelled new installments in these series and shut down studios like Free Radical Design. The conglomerate aims to capitalize on IPs such as Saints Row, Legacy Of Kain, Red Faction, and Thief, while its core AAA IPs like Tomb Raider and The Lord Of The Rings will be managed by a new entity called Fellowship Entertainment.
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.
Embracer Group split again spinning off their biggest IP, along with plans for IP partnerships
Embracer Group is undergoing another significant restructuring, splitting off Fellowship Entertainment, which will focus on publishing and IP licensing, including major franchises like The Lord of the Rings and Tomb Raider. The remaining Embracer Group will focus on its owned IPs and selective M&A. This move aims for sharper management focus and clearer accountability, with plans for Fellowship Entertainment to list on Nasdaq Stockholm by 2027. The company also plans external IP licensing for titles such as Saints Row and Deus Ex.
