Embracer Group, the video game giant based in Sweden, has reported robust quarterly results, showing a 50% increase in sales during a period marked by layoffs and division closures. These figures, reported by Deadline, come after Embracer’s announcement of a restructure and the acquisition of Lord of the Rings’ intellectual property owner, Middle-earth Enterprises, for nearly $400 million.
According to Embracer, its Entertainment & Services segment experienced a 70% organic growth for the quarter ending on July 1. Middle-earth Enterprises contributed significantly to this achievement through strong licensing revenue for The Lord of the Rings.
The company emphasized that the performance of the Lord of the Rings IP has exceeded expectations set out in the initial business plan formulated at the time of acquisition from the Saul Zaentz Company. Embracer attributed this success to various products, including The Lord of the Rings: Ta…
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