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‘Lord of the Rings’ Owner Embracer to Separate Into Three Standalone Publicly Listed Entities
'Lord of the Rings' owner Embracer is separating the group into three games and entertainment companies.
Middle-earth Enterprises & Friends is known for its AAA game development and publishing for PC and console, as well as managing the “The Lord of the Rings” and “Tomb Raider” IPs. The company’s board of directors proposes that shares in two of these entities, Asmodee and Coffee Stain & Friends, will be distributed to the shareholders of Embracer Group, and listed on Nasdaq Stockholm. “Middle-earth Enterprises & Friends will be developing immersive world-class entertainment IPs, including the iconic ‘Lord of the Rings,’ leveraging in-house AAA capabilities and formidable partnerships,” Wingefors said.
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