Fate of Metro,Tomb Raider, Lord of the Rings, Kingdom Come and more now in the hands of new Fellowship Entertainment spin off

Embracer Group is shedding some of the biggest video game companies in the business in a new spin off, leaving the fate of major franchises like Metro, Lord of the Rings, Tomb Raider, and more in the hands of the new separate entity.

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It's an end of an era at Embracer Group; the once-mighty Rome of gaming is not splintering up even more, with some of its biggest and most valuable IPs being spun off into a new company. The group has announced that key franchises and game studios will be spun off into an independent company called Fellowship Entertainment.

Fellowship, the so-called "steward" of these legendary series, will be the home of powerhouse IPs and game dev studios alike, from Tomb Raider at Crystal Dynamics and Eidos Montreal, Dead Island from Dambuster, and Metro games from 4A. All future Lord of the Rings games are also covered under the deal under the Middle-earth Enterprises label.

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The group says it will develop and publish its own games, including titles from the studios listed below, as well as license out its potent stable of franchises for third-party projects and content.

Fellowship will concentrate on active stewardship of premium franchises, including Tomb Raider, Metro, Kingdom Come: Deliverance, Dead Island, Darksiders and Remnant.

We will ship standout games and build an IP management and licensing engine that expands those worlds across partnerships and adjacent categories to drive more recurring, higher-margin revenue.

We have a multi-year pipeline of exciting new games and we currently see that Fellowship Entertainment will have at least two major game releases with full economics per year starting in FY 2027/28, driving growth and profitability.

Check below for the breakdown of the studios after the split:

Fellowship Entertainment Companies

1. 4A Games
2. Crystal Dynamics
3. Dambuster Studios
4. Dark Horse Media
5. Eidos-Montréal
6. Fishlabs
7. Flying Wild Hog
8. Gunfire Studios
9. Middle-earth Enterprises
10. Redoctane Games
11. Warhorse Studios

Embracer Companies

1. A Thinking Ape
2. Alkimia Interactive
3. Ashborne Games
4. Aspyr
5. Beamdog
6. Black Forest Games
7. Bugbear Entertainment
8. Campfire Cabal
9. Clear River Games
10. CrazyLabs
11. DECA
12. Demiurge
13. DigixArt
14. DPI Merchandising
15. Embracer Games Archive
16. Experiment 101
17. Game Outlet Europe
18. Gate21
19. Grimfrost
20. Grimlore Games
21. HandyGames
22. Kaiko Games
23. Limited Run Games
24. Milestone
25. PLAION Partners
26. PLAION Pictures
27. Purple Lamp
28. Snapshot Games
29. Tarsier Studios
30. Tatsujin
31. THQ Nordic
32. Tripwire
33. Vertigo Games
34. Voxler
35. Zen Studios