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Embracer Spins Off Lord of the Rings, Tomb Raider IPs to New Company
CultureReutersvarietydeadline3mo ago3 sources

Embracer Spins Off Lord of the Rings, Tomb Raider IPs to New Company

Embracer Group announced it will spin off its 'Lord of the Rings' and 'Tomb Raider' intellectual properties into a new standalone company, Fellowship Entertainment. This move aims to unlock the value of these assets, which Embracer's chairman described as undervalued.