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… Chris Kerr , Senior Editor, News , GameDeveloper.com May 20, 2026 2 Min Read Image via Embracer Group Embracer Group will separate into two publicly listed companies by spinning off Fellowship Entertainment on Nasdaq Stockholm in 2027. …
… Coffee Stain and Friends was subsequently rebranded as Coffee Stain Group, and Middle-Earth Enterprises became Fellowship Entertainment . Asmodee was spun out from Embracer in February 2025 , while Fellowship Entertainment remains within the Embracer Group.
… The studio, best known for the TimeSplitters franchise, was under evaluation by parent company Embracer to see if it warranted closure. Sources speaking to the outlet allege that Embracer CEO Lars Wingfors privately confirmed Free Radical's closure in a company-wide email. …
… Tomb Raider: Legacy Of Atlantis Is Still Aiming To Release In 2026, Embracer Confirms There's Still Hope For Lara's Timely Return Earlier today, Embracer Group shared an interim report for the Q4 2026 financial year, which gave us an update on some of the company's plans for the next year. …
TweakTown News Gaming TL;DR: Eidos-Montreal is cutting 124 jobs due to shifting project demands, marking its third layoff round since Embracer Group's acquisition. …
… Eidos-Montréal was acquired by the Embracer Group in 2022 along with Crystal Dynamics and Square Enix Montréal for $300 million. A year later, the company initiated a restructuring program after a $2 billion investment from Saudi Arabia's Savvy Games Group did not materialize. …
… Notably, Embracer Group studios hold the rights to the Lord of the Rings games, and Warhorse Studios is owned by the Embracer Group. …
… As a reminder, a planned Legacy of Kain reboot had to be axed too after Embracer acquired the studio. …
… The PIF and its gaming arm, Savvy Games Group, is largely responsible for the implosion of Embracer Group in 2023, after it backed out of a $2 billion investment deal at the last minute. …