Throughout a latest earnings name the place writer Embracer introduced a brand new restructuring plan that may see layoffs and the closure of some studios, the corporate has additionally said that it plans to “exploit” the truth that it has the rights to The Lord of the Rings and The Hobbit IPs.
“We personal Lord of the Rings, and we all know we have to be exploiting Lord of the Rings in a really important vogue and turning that into one of many largest gaming franchises on this planet,” stated Embracer’s interim government Matthew Karch in the course of the earnings name. “And that’s clearly one thing we’re going to be doing.
“That’s a significantly better use of assets than a number of the different tasks that a few of our groups have been engaged on. Working collectively we’ve got these oppurtunities and we’re tremendous excited to see that working comparatively rapidly.”
Whereas that is on no account a correct announcement of recent upcoming video video games primarily based on The Lord of the Rings and The Hobbit, this does imply that Embracer appears to be seeking to pivot lots of its currently-owned studios into engaged on video games primarily based on the IP.
Embracer had acquired Center-Earth Enterprises from the Saul Zaentz Firm again in August 2022, giving the corporate the rights to fairly a number of components of The Lord of the Rings and The Hobbit IPs.
As a part of its deliberate restructuring of its studios, the corporate and fairly a number of of the studios, together with those engaged on tasks like Tomb Raider and Excellent Darkish have revealed that they gained’t be impacted by the restructuring.
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