Comics Publisher Dark Horse Acquired By Swedish Game Company

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This development had been rumored for a while in the industry, particularly after Dark Horse had hired an investment advisor to investigate market opportunities

among others; and Thing from Another World, a retailer with three physical locations and an online presence.

Based on the figures quoted in the announcement, Dark Horse generated just under $100M in revenue in 2021, with EBIT of around $14 million. Embracer projects earnings to grow to about $22 million by FY 23/24, as a result of synergies between Dark Horse IP and the capabilities of the other 9 gaming and entertainment companies in Embracer’s portfolio.

Embracer Group sees the deal as key to “strengthen[ing] its transmedia capabilities by adding expertise in content development, comics publishing, and film & TV production.” Though Dark Horse is known for its policy of empowering creator ownership, the company owns or controls more than 300 IPs, many of which Embracer Group sees as “attractive for future transmedia exploitation, including creation of new video games.

 

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