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‘Lord Of The Rings’ Owner Embracer Sees Entertainment Sales Fall 10% In “Slow” Quarter
Embracer Group, which owns the 'Lord of the Rings' franchise, has posted second quarter entertainment revenues down 10%.
Embracer Group, the Sweden-based firm that holds the rights to the Lord of the Rings franchise, has posted second quarter entertainment net sales down 10% in a “slow” period that should quicken up next month. Embracer, which purchased the rights to Middle-Earth Enterprises from The Saul Zaentz Comapany in August 2022, said its entertainment division “had another slow quarter, largely as expected” as few films to other titles released. However, it noted “increasingly anticipation” around the release of anime film The Lord of the Rings: The War of the Rohirrim on December 13, which should lead to a stronger Q3 and help to drive “notable earnings growth year-on-year.”
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