Embracer Group | Game World Observer

Deals August 15, 2023

Report: Embracer Group’s collapsed $2 billion deal was supposed to be with Savvy Games Group, its second-largest shareholder

New details have surfaced about the collapsed $2 billion deal that Embracer Group was supposed to close earlier this year. It appears that its partner was Savvy Games Group, an investing firm established by Saudi Arabia’s sovereign wealth fund.

Industry News August 7, 2023

Embracer Group shuts down Campfire Cabal as part of its cost-cutting restructuring program

Campfire Cabal has been shut down less than a year after its formation. The studio fell victim to a business restructuring currently underway at its parent company Embracer Group.

Deals July 6, 2023

Embracer Group raises over $180 million through direct share issue as its restructuring moves forward

Embracer Group has issued 80 million new B shares. The raised funds will help the Swedish holding company achieve certain goals as part of its restructuring program.

Deals June 21, 2023

Embracer Group paid $395 million for Lord of the Rings rights, including films, games, and merch

Embracer Group has revealed how much money it spent on purchasing The Lord of the Rings rights through its acquisition of Middle-earth Enterprises from The Saul Zaentz Company.

Industry News June 13, 2023

Embracer switches to cost-cutting mode: layoffs, studio closures, game shutdowns, and focus on first-party IP

Embracer Group has announced a business restructuring. The Swedish holding company plans a multi-phase program aimed at increasing its growth and long-term efficiency.

Industry News June 9, 2023

Genshin Impact developer miHoYo generated more profit in 2022 than Activision Blizzard, EA, and Embracer

miHoYo is a private company, so it doesn’t have to release financial statements. However, Chinese media recently disclosed some information about the Genshin Impact developer’s revenue and profit.

Industry News May 24, 2023

Embracer Group share price nearly halved on collapsed $2 billion deal and lowered financial outlook

Embracer Group has tumbled in the stock market after releasing its report for the full year ended March 31, 2023. Here are the key takeaways from the Swedish holding company’s financial statements.

Industry News February 16, 2023

Embracer Group records 128% revenue growth, plans to launch 31 AAA games (including 5 from Crystal Dynamics/Eidos)

Embracer Group has released its financial report for the third quarter ended December 31, 2022. The Swedish holding company recorded strong revenue growth and detailed its game development pipeline for the next several years.

Industry News November 17, 2022

Embracer may spin off some of its groups into separate publicly listed companies, reports six-month net sales of $1.6 billion

Embracer Group has released a financial report for the six months ended September 30. The Swedish holding company shared its financial results and outlined several steps it will take to respond to global macroeconomic challenges.

Industry News November 2, 2022

Embracer shuts down Hitman GO developer Onoma, so Crystal Dynamics and Eidos can focus on new IP and Deus Ex

Embracer Group has decided to shut down mobile studio Onoma, just weeks after its rebranding. The Swedish holding company said it will allow Crystal Dynamics and Eidos Montreal to focus on PC and console game development.

Market Analysis October 21, 2022

Report: games industry saw 976 deals in 2022, totaling at least $123 billion

In the first nine months of 2022, 976 deals were announced or closed across the games industry globally. Here are some key takeaways from Drake Star’s latest report, including the top 15 largest M&A deals this year.

Industry News September 15, 2022

Dambuster Studios HR head opposes crunch, calling it ‘machoismic rubbish’ that has to die

Dambuster Studios, one of Embracer Group’s studios and the developer of Dead Island 2, has taken a public stand against crunch. The company’s HR has explained why this culture should disappear from the games industry forever.

Industry News September 14, 2022

Hitman and Expeditions: Rome devs form new studio Campfire Cabal within THQ Nordic

Campfire Cabal is a new studio formed by industry veterans who have worked on series like Hitman and Expeditions. The team will be part of Embracer Group through its subsidiary THQ Nordic.

Industry News September 9, 2022

Saints Row reboot must sell 2 million units to break even, analysts say

Despite mixed reviews and player reception, the reboot of the Saints Row series is selling well. According to the latest investor estimates, the game could reach at least two millions units sold before April 2023.

Industry News September 8, 2022

Eidos Montreal and Crystal Dynamics take control of Deus Ex and Tomb Raider IPs from Square Enix

Square Enix has now officially handed rights to some of its Western franchises to Eidos Montreal and Crystal Dynamics. These studios will now be able to make new Tomb Raider and Deus Ex games under Embracer Group.

Deals August 18, 2022

Embracer Group snaps up five companies for $575 million, including Lord of the Ring IP rights

Embracer Group’s buying spree continues. The Swedish holding company has announced five deals, including an acquisition of Middle-earth Enterprises, which owns IP rights to media products based on Tolkien’s works.

Deals June 8, 2022

Saudi Arabia’s wealth fund invests $1 billion in Embracer Group, becomes its second-largest owner

Savvy Gaming Group, established by Saudi Arabia’s Public Investment Fund, has acquired a $1 billion stake in Embracer Group. This marks its second large investment in the Swedish games industry this year.

Industry News May 19, 2022

Embracer Group reports annual net sales of $1.7 billion, seeing great potential in IPs like Deus Ex and Thief

Embracer Group has released a financial report for the year ended March 31, 2022. The Swedish holding company recorded revenue growth, while also sharing its further M&A plans and saying that it now has over 200 titles in its pipeline.

Deals May 2, 2022

Embracer Group to acquire Eidos and Crystal Dynamics, as well as Deus Ex and Tomb Raider rights for €300 million

Embracer Group continues its expansion by entering into an agreement to acquire several studios and IPs from Square Enix. The list includes Tomb Raider developer Crystal Dynamics and Deus Ex maker Eidos Montreal.

Dev Interviews May 2, 2022

34BigThings’ Valerio Di Donato on how a year under Saber has treated the studio

In November 2020, Embracer Group acquired a 100 percent stake in Turin, Italy-based 34BigThings through its subsidiary Saber Interactive. We caught up with Valerio Di Donato, CEO at 34BigThings, to discuss how, if at all, the acquisition by the corporate giant has changed the studio that has always prided itself on the freedom to be “superweird.”

All publications by tag «Embracer Group»

Report: Embracer Group’s collapsed $2 billion deal was supposed to be with Savvy Games Group, its second-largest shareholder

Embracer Group shuts down Campfire Cabal as part of its cost-cutting restructuring program

Embracer Group raises over $180 million through direct share issue as its restructuring moves forward

Embracer Group paid $395 million for Lord of the Rings rights, including films, games, and merch

Embracer switches to cost-cutting mode: layoffs, studio closures, game shutdowns, and focus on first-party IP

Genshin Impact developer miHoYo generated more profit in 2022 than Activision Blizzard, EA, and Embracer

Embracer Group share price nearly halved on collapsed $2 billion deal and lowered financial outlook

Embracer Group records 128% revenue growth, plans to launch 31 AAA games (including 5 from Crystal Dynamics/Eidos)

Embracer may spin off some of its groups into separate publicly listed companies, reports six-month net sales of $1.6 billion

Embracer shuts down Hitman GO developer Onoma, so Crystal Dynamics and Eidos can focus on new IP and Deus Ex

Report: games industry saw 976 deals in 2022, totaling at least $123 billion

Dambuster Studios HR head opposes crunch, calling it ‘machoismic rubbish’ that has to die

Hitman and Expeditions: Rome devs form new studio Campfire Cabal within THQ Nordic

Saints Row reboot must sell 2 million units to break even, analysts say

Eidos Montreal and Crystal Dynamics take control of Deus Ex and Tomb Raider IPs from Square Enix

Embracer Group snaps up five companies for $575 million, including Lord of the Ring IP rights

Saudi Arabia’s wealth fund invests $1 billion in Embracer Group, becomes its second-largest owner

Embracer Group reports annual net sales of $1.7 billion, seeing great potential in IPs like Deus Ex and Thief

Embracer Group to acquire Eidos and Crystal Dynamics, as well as Deus Ex and Tomb Raider rights for €300 million

34BigThings’ Valerio Di Donato on how a year under Saber has treated the studio