Embracer Group is now openly shopping its intellectual property, including Saints Row, Deus Ex, and TimeSplitters, to external partners. This move comes as the company plans to spin off a new entity, Fellowship Entertainment, set to manage a vast catalog of owned entertainment properties.
The company stated that Fellowship Entertainment will "more actively" pursue external partnerships for a range of its IPs. This includes not only major franchises like The Lord of the Rings and Tomb Raider, but also other significant titles such as Kingdom Come: Deliverance, Dead Island, Darksiders, Remnant, and the Metro series. More dormant franchises like Legacy of Kain, Red Faction, and Thief are also part of this exploratory effort.
NEW DIVISION, OLDER PROPERTIES
The plan to split Embracer into two public companies, with Fellowship Entertainment emerging as the new steward for many of its game IPs, was announced recently. This new division is designed to leverage Embracer’s extensive portfolio. It will operate an IP licensing branch, allowing outside companies to utilize Embracer’s catalog for new games and potentially films. Dark Horse, known for its work in co-producing TV shows and films, will also fall under this new IP & Licensing business unit.
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While details remain sparse, the implication is a potential revival for some of Embracer's less actively developed series. A Deus Ex Remastered title is reportedly on the horizon, though its original February 2026 release window has passed without a new date. The Saints Row reboot, released previously, received a mixed reception. The strategic shift comes after a period of what has been described as "turmoil" and layoffs within Embracer, leading to the discontinuation of many in-development projects.
A Shift in Strategy
Embracer's chair of the board, Lars Wingefors, communicated these intentions to shareholders, framing the move as a way to invest capital and forge new collaborations. This broad exploration of external partnerships suggests a desire to monetize a wide array of its owned intellectual property, aiming to breathe new life into established, and some would say, neglected, game series.
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