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23.04.2024 - 07:52 / gamesindustry.biz / Lars Wingefors
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Embracer Group has announced its split into three separate companies.
The three entities created will independently publicly listed on Nasdaq Stockholm. These companies are currently being referred to as Asmodee Group, Coffee Stain & Friends, and Middle-Earth Enterprises & Friends – although the latter two will be given a new name at a later date.
While Asmodee and Coffee Stain will become new listings on Nasdaq Stockholm, Middle-Earth will remain within the Embracer Group as it is currently listed. This listing may also be renamed.
Asmodee will split off within the next 12 months, while Coffee Stain will separate during calendar year 2025. Shares in these two will be distributed to the shareholders of Embracer Group.
The company claimed that separating into three entities will enable each to focus on its "core strategies" and grow in their own ways. The 9,003 fully owned or controlled IP across Embracer will be moved into the relevant new entity.
Asmodee Group will focus on tabletop games, while Coffee Stain's titles will range from indie to AA games for PC, console and mobile.
Middle-Earth Enterprises & Friends, meanwhile, will concentrate on AAA gaming for PC and console, handling Embracer's biggest franchises such as The Lord of the Rings and Tomb Raider.
Embracer has said there will still be collaborations around companies and IP across the three businesses, but this will be handled "on market terms."
Embracer CEO Lars Wingefors will remain the owner of all three companies, and has said he "intends to form a new long-term ownership structure."
"I have always viewed my role as a group CEO and main owner to be a promoter for successful entrepreneurs, game makers and business leaders in achieving more success," he wrote in an open letter about the company's transformation. "This will not change."
The split follows the end of a nine-month restructuring program, which saw Embracer close three studios (Volition Games, Free Radical Design and Campfire Cabal), sell off Saber Interactive and Gearbox, and lay off more than 1,400 members of staff.
Here's a more detailed breakdown on each of the three entities:
The Asmodee Group will largely remain similar in its organisation, including the 23 in-house tabletop games development studios.
Thomas Koegler, current deputy COO, will become CEO of the Asmodee Group in the coming months. Current CEO Stéphane Carville will join the board of directors, as will founder and current COO Marc Nunes.
Asmodee Group will maintain the tabletop publisher's portfolio of more than 300 owned IPs, including Ticket to Ride, 7 Wonders, Azul, Catan, Dobble, and Exploding Kittens, as well as various distributed games and
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Embracer Group has announced its intention to transform into three standalone publicly listed entities: Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends.
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Swedish game and media holding company Embracer Group has announced its plans to split into three separate entities.
Embracer Group, the embattled gaming conglomerate that owns the rights to 'The Lord of the Rings' franchise, has announced that it is splitting into three different companies. The group, which went through significant restructuring this year and sold off major game studios like Saber Interactive and Gearbox to reduce debt, will separate into Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends. The three games and entertainment companies will be standalone, publicly listed entities, Embracer said, with the split “enabling each entity to better focus on their respective core strategies and offer more differentiated and distinct equity stories for existing and new shareholders.”
Famed mass-layoff-manufacturing corporation Embracer Group are dividing into three companies, which will be listed separately on Sweden’s stock exchange. Those companies are: Asmodee Group, which comprises Embracer’s tabletop games biz; Coffee Stain & Friends, an evolution of the existing Coffee Stain publisher, who will pursue "a dual focus on indie and A/AA premium and free-to-play games for PC/console and mobile"; and Middle-earth Enterprises & Friends, “a 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, among many others”.