Gaming giant Embracer Group, after recently splitting with Saber Interactive, in its latest move, is splitting into three new entities. The Lord of the Rings owner says it will allow the new companies to focus better on their respective works. The companies include Middle-earth Enterprises & Friends, Asmodee Group, and Coffee Stain & Friends.
It may come as a surprise to many as news surrounding the company during the year 2023 and the better half of 2024 were filled with either layoffs or splitting off with studios. It also entered an agreement with Take-Two Interactive to sell Brothers in Arms creator Gearbox which the Rockstar parent believes will add strength to the company.
Embracer Group Setting up For Making Waves in the Market, Hopefully
The companies hold IPs of popular games like Dead Island.
As for the roles, Asmodee is to focus on tabletop games, Coffee Stain & Friends on A/AA premium alongside F2P for PC,...
It may come as a surprise to many as news surrounding the company during the year 2023 and the better half of 2024 were filled with either layoffs or splitting off with studios. It also entered an agreement with Take-Two Interactive to sell Brothers in Arms creator Gearbox which the Rockstar parent believes will add strength to the company.
Embracer Group Setting up For Making Waves in the Market, Hopefully
The companies hold IPs of popular games like Dead Island.
As for the roles, Asmodee is to focus on tabletop games, Coffee Stain & Friends on A/AA premium alongside F2P for PC,...
- 4/22/2024
- by Anurag Batham
- FandomWire
The industry that stands with even Hollywood in terms of revenues is crumbling today. Matthew Karch, CEO of game developer Saber Interactive, believes the situation may worsen in the future, affecting the quantity of game content. However, it may actually be a good thing as it may shift the focus on quality, which many are ignoring vehemently.
But that’s only possible when the industry recovers from the latest wave of layoffs that is spreading like a trend. From Sega to Microsoft, everyone is busy with an employee cleanup. Interestingly, Microsoft laid off around 2,000 employees following its recent acquisition of Call of Duty maker Activision.
A Dark Time Prevails Over the Major Entertainment Sector
Saber Interactive’s Space Marine 2 will arrive in September 2024.
Matthew Karch sat down for an interview where he talked about Saber Interactive’s split with Embracer Group. Besides the topic, he shared his insights about the...
But that’s only possible when the industry recovers from the latest wave of layoffs that is spreading like a trend. From Sega to Microsoft, everyone is busy with an employee cleanup. Interestingly, Microsoft laid off around 2,000 employees following its recent acquisition of Call of Duty maker Activision.
A Dark Time Prevails Over the Major Entertainment Sector
Saber Interactive’s Space Marine 2 will arrive in September 2024.
Matthew Karch sat down for an interview where he talked about Saber Interactive’s split with Embracer Group. Besides the topic, he shared his insights about the...
- 4/12/2024
- by Anurag Batham
- FandomWire
In the current generation of consoles, some things that were almost a certainty change a lot, such as the price of Aaa games. The industry and major studios make the decision to increase prices from a 60- to 70-dollar standard.
According to the CEO of Saber Interactive, Matthew Karch, this could be a thing of the past for upcoming games as developers are looking to reduce costs and risk, making every title less expensive for players. Karch mentioned this in a recent interview, during which he also discussed the Embracer Group.
Matthew Karch, CEO of Saber Interactive, Makes a Very Interesting Analysis of the Current State of the Video Game Business Saber Interactive CEO Matthew Karch thinks that Aaa costs are not fair.
With titles like World War Z, Timeshift, Ghostbusters, and the upcoming Warhammer 40K: Space Marine 2, Saber Interactive has made a pretty good reputation in the last couple of years.
According to the CEO of Saber Interactive, Matthew Karch, this could be a thing of the past for upcoming games as developers are looking to reduce costs and risk, making every title less expensive for players. Karch mentioned this in a recent interview, during which he also discussed the Embracer Group.
Matthew Karch, CEO of Saber Interactive, Makes a Very Interesting Analysis of the Current State of the Video Game Business Saber Interactive CEO Matthew Karch thinks that Aaa costs are not fair.
With titles like World War Z, Timeshift, Ghostbusters, and the upcoming Warhammer 40K: Space Marine 2, Saber Interactive has made a pretty good reputation in the last couple of years.
- 4/11/2024
- by Lucas Lapetina
- FandomWire
Helldivers 2, the co-op shooter from Arrowhead, has been a smash hit and has recorded amazing sales and a large player base. The game has been praised for its gunplay and gameplay, and it has used being a live service title amazingly and has also avoided tedious microtransactions.
One of the biggest reasons behind the game’s success is its price tag, which is for the “middle market” and accessible to the majority. The studio is being recognized for that by others, and one such entity is Space Marine 2 and Kotor remake developer, Saber Interactive.
Saber Interactive Will Focus on ‘Middle Market’ Like Helldivers 2
Saber Interactive CEO says the studio wants to tap into the middle market like Helldivers 2.
Saber Interactive CEO and former interim COO of Embracer, Matthew Karch, recently spoke to IGN about the studio’s split with Embracer, Saber as an independent studio, and other topics regarding the gaming industry,...
One of the biggest reasons behind the game’s success is its price tag, which is for the “middle market” and accessible to the majority. The studio is being recognized for that by others, and one such entity is Space Marine 2 and Kotor remake developer, Saber Interactive.
Saber Interactive Will Focus on ‘Middle Market’ Like Helldivers 2
Saber Interactive CEO says the studio wants to tap into the middle market like Helldivers 2.
Saber Interactive CEO and former interim COO of Embracer, Matthew Karch, recently spoke to IGN about the studio’s split with Embracer, Saber as an independent studio, and other topics regarding the gaming industry,...
- 4/11/2024
- by Rohit Tiwari
- FandomWire
Although the overall Star Wars franchise continues to somewhat thrive thanks to its recent series and TV shows, the theatrical aspect of the saga isn’t exactly on the same page. If anything, fans are pretty much tired of the damage that has been done to the Sw franchise, especially to its films. But now that James Mangold is attached to the colossal saga, all of this seems to be about to change.
Star Wars.
As fans already know, the renowned mastermind of the action genre is all set to helm one of the upcoming films for the sci-fi franchise, Dawn of the Jedi. But he isn’t the only mastermind connected to the film. Recent reports claim writer Beau Willimon has joined the director for this project, meaning only one thing: Mangold’s film could revive the franchise like fire!
James Mangold’s Dawn of the Jedi Could be...
Star Wars.
As fans already know, the renowned mastermind of the action genre is all set to helm one of the upcoming films for the sci-fi franchise, Dawn of the Jedi. But he isn’t the only mastermind connected to the film. Recent reports claim writer Beau Willimon has joined the director for this project, meaning only one thing: Mangold’s film could revive the franchise like fire!
James Mangold’s Dawn of the Jedi Could be...
- 4/6/2024
- by Mahin Sultan
- FandomWire
Star Wars: KotOR Remake was officially announced in 2021 during the PlayStation Showcase and is currently in development at Saber. Sony shocked fans when it removed the trailer for the game from its YouTube channel, which it later addressed, saying it was due to an expired music license.
There were also speculations that the game might be dead. However, Saber Interactive’s CEO Matthew Karch recently said that the game is “alive and well,” but it seems like it may not be interesting enough for the investors as an insider claims that Sie has moved on from the project.
PlayStation Is Reportedly Not Interested in Star Wars: KotOR Remake
Sony and PlayStation are not interested in KotOR Remake anymore.
Saber CEO Matthew Karch said that the studio is working on the game and is dedicated to exceeding “consumer expectations.” While this made fans happy that the game is still in development,...
There were also speculations that the game might be dead. However, Saber Interactive’s CEO Matthew Karch recently said that the game is “alive and well,” but it seems like it may not be interesting enough for the investors as an insider claims that Sie has moved on from the project.
PlayStation Is Reportedly Not Interested in Star Wars: KotOR Remake
Sony and PlayStation are not interested in KotOR Remake anymore.
Saber CEO Matthew Karch said that the studio is working on the game and is dedicated to exceeding “consumer expectations.” While this made fans happy that the game is still in development,...
- 4/5/2024
- by Rohit Tiwari
- FandomWire
There is one big corporation full of investors that has made a lot of acquisitions in the last couple of years: Embracer Group, which has bought studios like Thq Nordic, Crystal Dynamics, Gearbox, and many more. Unfortunately, all the games from these studios were not successful at all, so Embracer Group decided to start making some changes, which meant a lot of layoffs and even the complete closure of studios.
This was not well received by players, making this company one of the most hated in the industry, but the founder of one of its former studios, Saber Interactive, asked not to attack Embracer that much.
Saber Interactive’s founder really stands with Embracer Group, asking the community not to be so harsh on this company Embracer Group is defended by the founder of Saber Interactive.
Embracer Group has hundreds of studios and subsidiaries in gaming, including names like Thq Nordic,...
This was not well received by players, making this company one of the most hated in the industry, but the founder of one of its former studios, Saber Interactive, asked not to attack Embracer that much.
Saber Interactive’s founder really stands with Embracer Group, asking the community not to be so harsh on this company Embracer Group is defended by the founder of Saber Interactive.
Embracer Group has hundreds of studios and subsidiaries in gaming, including names like Thq Nordic,...
- 4/5/2024
- by Lucas Lapetina
- FandomWire
Late last year, Gaming Industry Journalist Jason Schreier kept assuring fans that the Star Wars: Knights of the Old Republic (Kotor) Remake was happening despite rumors stating the project was dead. With no official confirmation, the leaks weren’t convincing fans at all but a new ray of hope has again emerged via the CEO of Saber Interactive, Matthew Karch.
In a recent interview, one of the first questions posed to Karch was the status of the Kotor Remake and Karch gave a crystal clear reply, confirming that the project is alive and kicking. The confirmation from Saber’s CEO himself should put a lot of Star Wars fans waiting for the remake to wait for it in peace.
Star Wars Kotor Remake is Under Active Development
Star Wars Kotor Remake is under development, as confirmed by the CEO of the developing studio.
It’s getting closer to almost three years since the first,...
In a recent interview, one of the first questions posed to Karch was the status of the Kotor Remake and Karch gave a crystal clear reply, confirming that the project is alive and kicking. The confirmation from Saber’s CEO himself should put a lot of Star Wars fans waiting for the remake to wait for it in peace.
Star Wars Kotor Remake is Under Active Development
Star Wars Kotor Remake is under development, as confirmed by the CEO of the developing studio.
It’s getting closer to almost three years since the first,...
- 4/4/2024
- by Ayoub Hassan Adur
- FandomWire
The Star Wars franchise has spun up a plethora of merchandise, comic books, and whatnot. But video games have been the most popular way of including the space fantasy franchise into our daily lives. Ever since the 1980s, there have been countless video games across different platforms based on the Star Wars mythos.
Star Wars: Knight of the Old Republic
Among these is Star Wars: Knight of the Old Republic, one of the most famous and most-played video games. Heralded for its amazing characters, narrative, and sound, a remake of the video game has been on-and-off development since 2021. And after the latest update of the game’s production status, fans are pissed and want it to be rather canceled.
Star Wars: Knight of the Old Republic Remake is Still in Development
A screen grab from Star Wars: Knight of the Old Republic game
Star Wars: Knight of the Old Republic...
Star Wars: Knight of the Old Republic
Among these is Star Wars: Knight of the Old Republic, one of the most famous and most-played video games. Heralded for its amazing characters, narrative, and sound, a remake of the video game has been on-and-off development since 2021. And after the latest update of the game’s production status, fans are pissed and want it to be rather canceled.
Star Wars: Knight of the Old Republic Remake is Still in Development
A screen grab from Star Wars: Knight of the Old Republic game
Star Wars: Knight of the Old Republic...
- 4/3/2024
- by Maria Sultan
- FandomWire
Saber Interactive is buying its way out of Embracer Group in a deal valued at $247 million. Saber is doing so through Beacon Interactive, a new and separate company founded by co-founder Matthew Karch
Beacon will take control of most Saber assets, which includes its studios with over 3,000 employees. The deal will affect about 38 ongoing (several unannounced) AA and Aaa projects. This is also Embracer’s exit from the Russian market.
Saber is taking with it studios like New World Interactive (makers of Insurgency series), 3D Realms (creators of Ion Fury), and Mad Head Games (developers of Scars Above). The development rights to highly anticipated titles like Warhammer 40k: Space Marine 2 and the Star Wars: Kotor remake will also go into Saber’s pocket.
On the other hand, Embracer will continue to own a few studios like Tripwire and Aspyr. However, Saber can still acquire 4A Games (of the Metro franchise...
Beacon will take control of most Saber assets, which includes its studios with over 3,000 employees. The deal will affect about 38 ongoing (several unannounced) AA and Aaa projects. This is also Embracer’s exit from the Russian market.
Saber is taking with it studios like New World Interactive (makers of Insurgency series), 3D Realms (creators of Ion Fury), and Mad Head Games (developers of Scars Above). The development rights to highly anticipated titles like Warhammer 40k: Space Marine 2 and the Star Wars: Kotor remake will also go into Saber’s pocket.
On the other hand, Embracer will continue to own a few studios like Tripwire and Aspyr. However, Saber can still acquire 4A Games (of the Metro franchise...
- 3/14/2024
- by Ashish Yadav
- GamesHorizon
Saber Interactive, which owns 3D Realms, 4A Games and more, has been sold by Embracer Group in a deal worth $247m
As we’ve covered before in these virtual pages, Embracer Group spent a couple of years snapping up a host of videogame studios, publishers and other companies. But now, like some gigantic sea creature, the Swedish firm now in the process of disgorging several of these entities onto a beach.
Embracer has announced that it’s sold Saber Interactive in a deal worth $247m. Although not as megalithic as Embracer, Saber Interactive is itself a clown car of other big-name companies – among its subsidiaries you’ll find the likes of 3D Realms, 4A Games, Asypr Media and Tripwire Interactive.
Bloomberg reports that Saber’s purchaser is Beacon Interactive, a company founded and owned by Matthew Karch – the co-founder of Saber Interactive. In essence, Saber has been sold to itself.
As we’ve covered before in these virtual pages, Embracer Group spent a couple of years snapping up a host of videogame studios, publishers and other companies. But now, like some gigantic sea creature, the Swedish firm now in the process of disgorging several of these entities onto a beach.
Embracer has announced that it’s sold Saber Interactive in a deal worth $247m. Although not as megalithic as Embracer, Saber Interactive is itself a clown car of other big-name companies – among its subsidiaries you’ll find the likes of 3D Realms, 4A Games, Asypr Media and Tripwire Interactive.
Bloomberg reports that Saber’s purchaser is Beacon Interactive, a company founded and owned by Matthew Karch – the co-founder of Saber Interactive. In essence, Saber has been sold to itself.
- 3/14/2024
- by Ryan Lambie
- Film Stories
Embracer Touts ‘Lord of the Rings’ IP Business for Performing “Well Ahead” of Plans as Revenue Rises
Swedish gaming company Embracer Group, which owns the intellectual property catalog and worldwide rights to motion pictures, video games, board games, merchandising, theme parks and stage productions relating to the literary works of The Lord of the Rings trilogy and The Hobbit by J.R.R. Tolkien, posted improved fiscal first-quarter financials Thursday, touting the Lotr business for outperforming its expectations so far.
The company also said its cost-cutting initiatives, unveiled earlier this summer, were progressing on track, with a current focus on a review of its existing product pipeline.
Ahead of a results discussion featuring CEO Lars Wingefors and CFO and deputy CEO Johan Ekström, the company posted a revenue gain of 47 percent for the April-June period over the same quarter of 2022 to 10.45 billion Swedish krona (Sek) ($957 million), with organic growth excluding acquisitions, coming in at 20 percent. The financial update came a year after the company had unveiled the deal for Lotr IP holder Middle-earth Enterprises,...
The company also said its cost-cutting initiatives, unveiled earlier this summer, were progressing on track, with a current focus on a review of its existing product pipeline.
Ahead of a results discussion featuring CEO Lars Wingefors and CFO and deputy CEO Johan Ekström, the company posted a revenue gain of 47 percent for the April-June period over the same quarter of 2022 to 10.45 billion Swedish krona (Sek) ($957 million), with organic growth excluding acquisitions, coming in at 20 percent. The financial update came a year after the company had unveiled the deal for Lotr IP holder Middle-earth Enterprises,...
- 8/17/2023
- by Georg Szalai
- The Hollywood Reporter - Movie News
Swedish gaming company Embracer Group, which owns the intellectual property catalog and worldwide rights to motion pictures, video games, board games, merchandising, theme parks and stage productions relating to the literary works of The Lord of the Rings trilogy and The Hobbit by J.R.R. Tolkien, has appointed an interim chief operating officer and is planning to cost cuts, including layoffs and the sale or closure of some gaming studios, as part of a restructuring.
Matthew Karch was named interim chief operating officer (COO), and Phil Rogers interim chief strategy officer, the company said on Tuesday. They will co-lead the planning and implementation of a “comprehensive restructuring program,” also unveiled on Tuesday. The firm didn’t immediately detail a figure for the number of layoffs, but said its headcount of currently 17,000 will be cut down.
Other cost-cutting actions will include closing down or selling some gaming studios and “the termination or...
Matthew Karch was named interim chief operating officer (COO), and Phil Rogers interim chief strategy officer, the company said on Tuesday. They will co-lead the planning and implementation of a “comprehensive restructuring program,” also unveiled on Tuesday. The firm didn’t immediately detail a figure for the number of layoffs, but said its headcount of currently 17,000 will be cut down.
Other cost-cutting actions will include closing down or selling some gaming studios and “the termination or...
- 6/13/2023
- by Georg Szalai
- The Hollywood Reporter - Movie News
Layoffs and closures are imminent at Lord of the Rings IP owner Embracer Group as the Swedish outfit unveils a restructure that will focus on “cost savings, capital allocation, efficiency and consolidation.”
In a letter delivered to staff this morning, Embracer Group CEO Lars Wingefors said it will be “painful to see talented team members leave,” as he unveiled an interim COO and Cso structure that will drive the changes home. An Executive Management team led by Matthew Karch and Phil Rogers will work to implement a review over the coming months, taking the lead on consolidation and structure. The number of layoffs at the circa-17,000 staff outfit were not detailed in the letter, which said it is “too early to give an exact forecast on this.”
The restructure is being divided into different phases over the next nine months, focusing on “cost savings, capital allocation, efficiency and consolidation,” according to the letter,...
In a letter delivered to staff this morning, Embracer Group CEO Lars Wingefors said it will be “painful to see talented team members leave,” as he unveiled an interim COO and Cso structure that will drive the changes home. An Executive Management team led by Matthew Karch and Phil Rogers will work to implement a review over the coming months, taking the lead on consolidation and structure. The number of layoffs at the circa-17,000 staff outfit were not detailed in the letter, which said it is “too early to give an exact forecast on this.”
The restructure is being divided into different phases over the next nine months, focusing on “cost savings, capital allocation, efficiency and consolidation,” according to the letter,...
- 6/13/2023
- by Max Goldbart
- Deadline Film + TV
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