Classic series like Deux Ex, Legacy Kain, and Saints Row will be “more actively” explored following Embracer Group structure shift
Embracer Group has announced plans to split into two separate publicly listed companies in 2027, with the spin-off of Fellowship Entertainment designed to better realize the potential of its major intellectual properties.
Fellowship Entertainment will operate as an “IP-led entertainment company” housing Embracer’s most valuable franchises, including The Lord of the Rings, Tomb Raider, Kingdom Come: Deliverance, Metro, Dead Island, Darksiders, and Remnant. The newly independent company will be helmed by studios including Crystal Dynamics, Warhorse Studios, 4A Games, Eidos-Montréal, and others, with a target of releasing at least two major titles annually starting in fiscal year 2027/28.
The remaining Embracer entity will prioritize operational efficiency and cost control—a pointed reference to the company’s struggles following a collapsed $2 billion investment deal in 2023 that precipitated widespread layoffs and studio closures.
Beyond the core roster, Embracer founder and board chair Lars Wingefors indicated in communications to investors that Fellowship Entertainment will “more actively explore” licensing partnerships for dormant franchises including Deus Ex, Saints Row, Legacy of Kain, TimeSplitters, Red Faction, and Thief. The implication is that these properties may be developed by external studios, potentially reviving franchises that have languished under Embracer’s ownership.
The restructuring came alongside Embracer’s Q4 results showing a 24% net sales decline and an $765.2 million non-cash impairment, underscoring the financial pressure driving the reorganization. Wingefors characterized the split as the “most effective long-term solution” for capturing the full potential of what he described as “undervalued” intellectual property.
Sources
- Classic series like Deux Ex, Legacy Kain, and Saints Row will be “more actively” explored following Embracer Group structure shift
- Embracer chairman says cost control ‘does not get enough respect’ after presiding over years of layoffs
- Embracer to spin off major video game franchises and studios
- Embracer Group announces plans to spin-off Fellowship Entertainment
- Former Embracer CEO says Fellowship Entertainment spin-off is the “most effective long-term solution”
- Franchises Like Deus Ex And TimeSplitters Might Just Have A Future
- Franchises Like Deus Ex And TimeSplitters Might Just Have A Future
- Embracer ‘Actively Exploring’ External Partnerships for the Likes of Saints Row, Deus Ex, TimeSplitters, and More
- Embracer Intends to ‘Activate’ Deus Ex, Saints Row, TimeSplitters, and Red Faction
- Embracer Will Spin-Off ‘Fellowship Entertainment’ Into Its Own Company
- Embracer Group cuts itself into pieces, this is its last resort: Bifurcation, new listing—licensing out Kain and JC Denton
- Embracer Follows Ubisoft In Splitting Off New Publisher To Handle Huge IP, Tomb Raider & LOTR Included
- Deus Ex, Saints Row and TimeSplitters might be lent out to external partners, Embracer say, possibly paving the way for new entries