Embracer announces plan to split into three companies, including 'Middle-earth Enterprises and Friends'

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After numerous studio closures and thousands of job losses, embattled publisher Embracer will now split into three distinct entities, including one focused on its big bet to successfully develop games set in the same world as The Lord of the Rings.

Embracer says this portion will be the"creative powerhouse in AAA game development and publishing for PC and console, as well as the stewards of The Lord of the Rings and Tomb Raider intellectual properties"."That's a much better use of resources than some of the other projects that some of our teams have been working on," Karch continued.

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