Embracer Group Announces Restructuring, Splitting into Three Entities
Embracer Group, a major player in the gaming industry, has announced a significant restructuring that will see the company split into three separate entities. The news comes after a period of major studios regaining their independence or being sold, signaling big changes within the organization.
In a press release from CEO Lars Wingefors, the new structure of Embracer Group was revealed. The company will now consist of Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends. Asmodee Group is described as a leading global developer, publisher, and distributor of tabletop games, while Coffee Stain & Friends will focus on developing community-driven games for PC, console, and mobile devices. Middle-earth Enterprises & Friends will use AAA capabilities and partnerships to create immersive entertainment IP, including the iconic Lord of the Rings franchise.
Wingefors emphasized that his role as Group CEO and principal owner will remain focused on driving success for entrepreneurs, game makers, and business leaders. He also expressed his intention to establish a new long-term ownership structure, which will include his current holding of Embracer shares.
The decision to split Embracer Group into three entities has raised questions and sparked discussions within the gaming community. For more details on the restructuring, readers can access the full press release on Gamereactor.cn.
As the industry continues to evolve, Embracer Group’s new structure aims to position the company for future success and growth in the ever-changing gaming landscape.