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The Latest Breaking News from Embracer

Embracer has laid off 5% of its workforce since its $2 billion mystery deal crumbled to dust

CEO Lars Wingefors addressed shareholders in a meeting earlier today.

PC Gamer

Embracer admits Payday 3's launch was "weaker than expected," and that 900 employees lost their jobs to restructuring last quarter

Payday 3 faced matchmaking issues for six weeks after launch

GamesRadar

TimeSplitters studio Free Radical Design reportedly threatened with closure

Free Radical Studio has been reportedly threatened with closure as part of Embracer Group's restructuring program.

TechRadar

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One of Embracer's top executives resigns and announces his own gaming company at the same time

Egil Strunke was replaced as Embracer's chief operating officer in June, but he didn't actually leave until last week.

PC Gamer

Embracer Group COO announces departure from company, admits “the last year has been rough”

Egil Strunke announced that he left Embracer Group last week, and is now building his own company, Strunke Games.

TechRadar

Embracer's implosion continues as Star Trek Online developer Cryptic Studios lays off employees

Cryptic has confirmed that "difficult personnel changes" have been made as part of Embracer's restructuring.

PC Gamer

After years of expansion and the recent collapse of a $2 billion mystery deal, Embracer Group announces major layoffs and studio closures

Brace yourself.

PC Gamer

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Lord of the Rings owners are canning other games to make Middle-earth "into one of the biggest gaming franchises in the world"

Embracer CEO says it "needs to be exploiting" the franchise

GamesRadar

New Tomb Raider game is unaffected as Embracer lays off staff and cancels games

Embracer is set to make redundancies to their 17,000 staffers

GamesRadar

Knights of the Old Republic Remake shows faint, flickering sign of life in publisher report

The Embracer Group says it's still happening and still coming to PC.

PC Gamer

Dead Island 2 breaks 2 million sales, is now 'the biggest launch' in Deep Silver's history

Embracer said today that Dead Island 2 has "far surpassed' expectations.

PC Gamer

Stunned Embracer CEO has to deliver financial report right after $2 billion mystery deal falls apart: 'It's been a rough night'

The 'transformative' partnership was supposed to be announced today, but was unexpectedly halted last night.

PC Gamer

Tomb Raider owner Embracer loses $2 billion deal, shares plummet

Embracer Group held its Q4 earnings report this week, and some unfortunate business developments damaged the share price.

Windows Central

Star Wars: KOTOR remake publisher has an exasperated "no comment" about it

Please don't ask Embracer about the KOTOR remake

GamesRadar

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GamesRadar

The New World studio is making a new Lord of the Rings MMO

Amazon is taking a new direction with their Lord of the Rings push

GamesRadar

Despite its disastrous launch, Saints Row is still getting expansions

Saints Row was said to cost over $100 million to develop

Daily Record

New Lord of the Rings films currently 'in the works' based on JRR Tolkien's books

The much-loved franchise is getting some new movies soon, according to Warner Bros.

Daily Mirror

Multiple Lord of the Rings films confirmed to be in the works based on JRR Tolkien books

Warner Bros have confirmed that there are going to be more Lord of the Rings films released

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news in one place.

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Inverse

Microsoft Could Give Up Call of Duty To Keep Candy Crush

The biggest FPS franchise in gaming might not be what Microsoft is after in the Activision Blizzard deal.

Los Angeles Times

Why is a Swedish billionaire buying up California's video gaming empire?

Like so many on-screen action heroes, she was elbowed aside when newer stars appeared and started grabbing more viewers with bigger weapons, better special effects and more elaborate adventures.

The Guardian - UK

Swedish gaming giant buys Lord of the Rings and Hobbit rights

Embracer buys Middle-earth Enterprises which controls intellectual property rights to Tolkien’s most famous works

Inverse

'Alone in the Dark' trailer, developer, and platforms for the horror reboot

The franchise that started the survival horror genre is being rebooted by THQ Nordic and it looks like a worthy rival to Resident Evil. Here's what we know.

Asharq Al-Awsat

Saudi Arabia’s wealth fund takes 8% stake in Swedish gaming firm embracer

Saudi Arabia's sovereign wealth fund is taking an 8.1% stake in gaming group Embracer via a direct share issue as part of a push into the games and esports industry. Sweden's Embracer said in a statement it was issuing 99.9 million shares at a price of 103.47 per share to…

USA Today Sports Media Group

Embracer financials see Asmodee overperform, ELEX II and Tiny Tina’s Wonderlands disappoint

Embracer, who own just about everybody if you haven’t been paying attention, released their Q4 (January-March) financials today, including an ongoing livestreamed sofa chat.

Inverse

Square Enix sells Tomb Raider: Gaming's worst trend is more boring than you think

While the Square Enix deal may have a silver lining for the studios purchased, it is yet another sign of the game industry's looming problem: monopolization.

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