Embraer Group today started an acquisition spree involving Limited Run Games, Tripwire Interactive and the IP rights Lord of the Rings And hobbit, There are five acquisitions in total today, with the sixth unannounced deal for a company in the PC and console gaming space.
Lord of the Rings And The Hobbit The rights mean that Embraer now has control over the theme-park rights to films, video games, board games, merchandising, stage productions, and even Tolkien fantasy franchises. This includes Amazon’s huge and expensive take on Lord of the Rings Which will debut on Prime Video on September 2. Embraer noted that it may also explore “additional films based on iconic characters from the literary works of JRR Tolkien, such as Gandalf, Aragorn, Gollum, Galadriel, Iovine, and other characters.”
Embraer is a huge publishing group that has recently acquired big names like tomb Raider, Deus ExAnd Thiefand already operates over 100 studios including range Developer Gearbox, Saber Interactive, and THQ Nordic. Saudi Arabia recently bought a $1 billion stake in Embraer, about 8 percent of the company’s shares.
Embraer’s Limited Run Games has opened the door to more physical games in its studio and games, as Limited Run is well known for collector’s editions and it often enables smaller developers to create physical copies of their games. . Tripwire is known for killing Floor, man eaterAnd rising Storm. Vishal Publishing Group also today announced the acquisition of home karaoke systems Singtrix and tear down Developer Tuxedo Labs.
Embraer has been quietly building out its massive publishing group, and it also owns the comics and entertainment brand Dark Horse. Lars Wingfors, Co-Founder and CEO of Embraer said, “I am delighted to welcome an amazing group of entrepreneur-led companies to the Embraer family and to expand our portfolio with some truly remarkable IP and franchises, including the… Including Lord of the Rings.” Statement. “It is encouraging that our group has become a natural and preferred buyer of creative, growing and profitable companies within gaming and entertainment.”
The five acquisitions announced today total about $577 million in upfront costs, and there’s even a sixth secret purchase that Embraer isn’t disclosing yet. A financial filing explains, “Embracer has entered into an agreement to acquire another company within PC/console gaming, which has not been disclosed today for business reasons.” “The purchase price for this undisclosed acquisition is in the range of being the third or fourth largest of the transaction.”
Embraer’s buying spree comes months after Square Enix acquired three major Western game studios and amid massive acquisitions in the gaming industry. acquisition of sony destiny Developer Bungie for $3.6 billion, and Take-Two spent $12.7 billion farm Ville Producer Zynga. Microsoft is also in the process of acquiring its massive Activision Blizzard for $68.7 billion.