A new Lord of the Rings film is officially in the works, and it will feature some key personnel from both the original trilogy and the Hobbit trilogy. However, it won’t be original director Peter Jackson in the chair, but rather Gollum actor Andy Serkis.
Embracer CEO Is Full Of Excuses
The past year or so has been a slow-moving trainwreck for Embracer Group, following the large company’s unprecedented studio acquisition spree. And, after announcing on April 22 that the company was planning to split itself up into three different companies, the CEO of Embracer is only filled with excuses as to why…
Embracer Reveals What’s Next For Its Crumbling Gaming Empire
After a year of carnage following its unprecedented studio acquisition spree, Embracer Group going back to basics and doing what it does best: confusingly re-naming and re-arranging its portfolio. The Swedish holding company is splitting itself into three new entities. The one in charge of the Lord of the Rings IP and Tomb…
Borderlands Maker Gearbox Is Close To A Sale
Embracer bought Borderlands maker Gearbox Entertainment for $1.2 billion back in early 2021 amid an unprecedented acquisition spree that’s since turned into a financial disaster. Now, just three years later, Kotaku has learned that Gearbox is closer than ever to being sold out from under what is arguably the most…
Embracer Cancelled Nearly 30 Games In Just 6 Months
Embracer Group, the proverbial grim reaper of video game acquisitions, has been wreaking havoc on the studios and IP it has acquired in the past few years. From layoffs across several companies to shutting down of beloved studios like Saints Row developer Volition, and cancellations of big, exciting projects like a…
New Deus Ex Game Reportedly Canceled By *That* Gaming Company
Embattled gaming company Embracer Group has cancelled an in-development Deus Ex game that Eidos Montreal was working on, according to a new report from Bloomberg. The untitled and unannounced RPG was reportedly in pre-production for two years and was set to “enter production later this year,” an anonymous source told B…
Kotaku’s Opinions For The Week November 18, 2023
Gamers are a passionate bunch, and we’re no exception. These are the week’s most interesting perspectives on the wild, wonderful, and sometimes weird world of video game news.
Embracer Reveals Massive Developer Sacrifice To Quell Investors
This is Lars Wingefors, the CEO of Embracer, a Swedish holding company that owns multiple video game publishers, dozens of studios, and employs over 16,500 people. Or at least it used to. Embracer has been laying off hundreds, canceling projects, and closing studios as it reckons with deals that fell through,…