Middle-earth Enterprises & Friends will manage the intellectual property rights Embracer has for"The Lord of the Rings" and the"Tomb Raider" games. Photo: Frederic J. BROWN / AFP/FileSweden's Embracer, owner of the"Tomb Raider" franchise, announced Monday it would split into three separate companies in a major reset for one of Europe's biggest video game groups.
The new entity, Middle-earth Enterprises & Friends, will manage the group's most well-known and big budget game studios -- such as Crystal Dynamics, Dambuster Studio and Eidos-Montreal -- representing net sales of 14.1 billion kronor . The group will replace Embracer as the main entity on the Stockholm stock exchange and manage the intellectual property rights Embracer has for"The Lord of the Rings" and the"Tomb Raider" games., which includes popular games like"Ticket to Ride" and"7 Wonders", with an"ambition to grow organically in line with the market", though not ruling out acquisitions, and representing 14.8 billion kronor.