Swedish gaming conglomerate Embracer Group announced plans on Monday to split itself into three distinct games and entertainment companies: Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends. These will be separate, publicly listed companies, according to Embracer’, which says the move will allow “each entity to better focus on their respective core strategies and offer more differentiated and distinct equity stories for existing and new shareholders.
The three new companies will be broken down as follows: * Middle-earth Enterprises & Friends: This company, which will be renamed from Embracer Group, is described as a “creative powerhouse in AAA game development and publishing” that will retain ownership of the Dead Island, Killing Floor, Kingdom Come Deliverance, Tomb Raider, and The Lord of the Rings IPs. * Asmodee Group: a new arm dedicated to publishing and distributing tabletop games.