{"site":"Yomimono","license":"CC BY 4.0 (citation required)","generated_at":"2026-05-23T00:53:32.910Z","story":{"id":"r_dcfa485b6bb3493a9d4e776c","slug":"embracer-group-to-split-into-two-companies-forms-fellowship-entertainment","url":"https://yomimono.id/embracer-group-to-split-into-two-companies-forms-fellowship-entertainment","headline":"Embracer Group Splits Into Two Companies, Fellowship Entertainment Spins Off","summary":"Sweden-based Embracer Group announced on May 20, 2026, a restructuring plan to split its business into two separate companies: Fellowship Entertainment and Embracer. The new company, Fellowship Entertainment, will focus on game development, publishing, and licensing centered on major intellectual properties including The Lord of the Rings, Tomb Raider, and Kingdom Come: Deliverance. Its subsidiaries are expected to include Crystal Dynamics, Eidos-Montréal, Warhorse Studios, 4A Games, Dambuster Studios, and Middle-earth Enterprises. The remaining Embracer entity will retain THQ Nordic, PLAION, Aspyr, Milestone, and Limited Run Games, along with IPs such as Titan Quest, Destroy All Humans!, Killing Floor, Gothic, Wreckfest, and Arizona Sunshine. The split aims to clarify management focus and accountability, according to Chairman Lars Wingefors and CEO Phil Rogers. Embracer Group intends to list Fellowship Entertainment on Nasdaq Stockholm during the 2027 calendar year. The move continues a broader restructuring trend that began in 2023, following years of aggressive acquisitions, studio closures, project reviews, and asset sales including Saber Interactive and Gearbox Entertainment.","why_it_matters":"The split formalizes the separation of Embracer's most valuable IPs into a dedicated entity, signaling a permanent shift from the acquisition-driven growth model that defined the group's recent history.","published_at":"2026-05-20T10:00:52.000Z","source_count":3,"sources":["4Gamer.net","Game Spark","GameBusiness.jp"],"citations":[{"source":"4Gamer.net","title":"Embracer Group Announces Restructuring Plan to Split Group Assets into Two Companies; 'Lord of the Rings,' 'Tomb Raider' to Move to New Company","url":"https://www.4gamer.net/games/999/G999905/20260520048/"},{"source":"Game Spark","title":"Embracer, Owner of 'Kingdom Come' and 'Tomb Raider', to Split into Two Companies via New Entity to Maximize Group Asset Potential","url":"http://www.gamespark.jp/article/2026/05/20/166668.html"},{"source":"GameBusiness.jp","title":"Embracer, Owner of 'Kingdom Come' and 'Tomb Raider', to Split into Two Companies via New Entity","url":"https://www.gamebusiness.jp/article/2026/05/21/26997.html"}],"license_url":"https://creativecommons.org/licenses/by/4.0/","entities":{"anime_titles":[],"manga_titles":[],"studios":[],"people":[],"type":"business","domain":"games","is_roundup":false}}}