Embracer announces plan to split into 2 companies, as Tomb Raider and LoTR spun off

Embracer Group plans to split into two public companies.

A new standalone unit, Fellowship Entertainment, is slated for 2027 to hold major IPs and studios, including Tomb Raider and The Lord of the Rings.

Embracer will retain the remaining labels, licenses, and development assets in a more decentralized portfolio.

The move is aimed at sharpening management focus and potentially unlocking shareholder value.