Embracer Group announces its intention to transform into three standalone publicly listed entities at Nasdaq Stockholm - Embracer Group
Embracer Group announces its intention to transform into three standalone publicly listed entities at Nasdaq Stockholm - Embracer Group
INSIDE INFORMATION: The Board of Directors of Embracer Group AB (“Embracer Group”) today announces a transformative step for value creation through a separation of the group into three market-leading games and entertainment companies: Asmodee Group, “Coffee Stain & Friends”[1] and “Middle-earth Ente...
cross-posted from: https://lemm.ee/post/30066799
Embracer Group announces its intention to transform into three standalone publicly listed entities at Nasdaq Stockholm - Embracer Group
INSIDE INFORMATION: The Board of Directors of Embracer Group AB (“Embracer Group”) today announces a transformative step for value creation through a separation of the group into three market-leading games and entertainment companies: Asmodee Group, “Coffee Stain & Friends”[1] and “Middle-earth Enterprises & Friends”[1]. The three entities will be separate, publicly listed companies, enabling each entity to better focus on their respective core strategies and offer more differentiated and distinct equity stories for existing and new shareholders. This will enable the entities to unlock value in the high-quality assets of Embracer Group following the successful completion of the restructuring program.
The three separate publicly listed entities are expected to consist of:
- Asmodee, a global leading tabletop games publisher and distributor with an extensive studio network and IP catalogue.
- Net Sales of SEK 14.8 billion and Adjusted EBIT of SEK 1.9 billion on a pro forma basis as per LTM[2] December 2023
- “Coffee Stain & Friends”, a diverse gaming entity with a dual focus on indie and A/AA premium and free-to-play games for PC/console and mobile, with a high degree of recurring revenues.
- Net Sales of SEK 10.9 billion, Adjusted EBIT of SEK 2.8 billion on a pro forma basis as per LTM December 2023.
- “Middle-earth Enterprises & Friends”, a creative powerhouse in AAA game development and publishing for PC and console, as well as the stewards of The Lord of the Rings and Tomb Raider intellectual properties, among many others.
Embracer owns far too much stuff. The Lord of the Rings media, Dark Horse comics, Crystal Dynamics, Tomb Raider, Deus Ex, Thief, and Legacy of Kain, Warhorse (the Kingdom Come devs), 3D Relms, Gearbox (then sold off half of that), Zen Studios (the PinballFX devs), the Metro series, Coffee Stain (Goat Simulator and Satisfactory), the Gothic series, Silent Storm, The Guild 2, Alone in the Dark, Red Faction, Jaggied Alliance... And a crap ton more.
All because of one karaoke wii game called We Sing.
Don’t forget Time Splitters
I didn't realize they owned Dark Horse.
Shit, now I'm trying to remember the last time I paid attention to a Dark Horse release. I thought they just quietly died at some point.
Apparently they divested from Saber Interactive, the owners of 3D Realms.
I'm a little fuzzy on the definition of "indie", but I'm reasonably sure it's not this
Will there still be big parent company, or these 3 companies are completely independent from each other?
Coffee Stain and Middle Earth are some really strange names to land on considering Embracer's massive IP holdings. Is the Goat Sim developer really expected to be the face of their F2P and """indie""" games? Middle Earth will now be associated with the biggest AAA conglomerate?
EDIT: ah the final names are still TBD
To be fair, Coffee Stain would likely be better known as the publishers of Satisfactory, Deep Rock Galactic, and Valheim instead of Goat Sim (lol), but your point stands.