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Tagged With: Embracer Group

The Year of the Layoffs Headline News

Starz to Lay Off Over 10% of Workforce in Upcoming Lionsgate Split

The planned restructuring, which includes cutting business ties in the U.K. and Australia, is meant to ‘align our organization with the growth areas of the business and to prepare us for our next chapter as a standalone company,’ says CEO Jeffrey Hirsch.

The Cuts Continue Headline News

‘Lord of the Rings’ Rights Holder Embracer Group Announces Layoffs, Restructuring

The gaming giant reveals a lofty goal of creating a more self-sufficient and ‘highly cash-flow generative’ company, which means studio closures and yet-undetermined staff reductions.

Gimme More Rings! Headline News

Warner Bros. to Develop Multiple Tolkien Film Adaptations

After the successful acquisition of Middle-earth Enterprises, which holds adaptive film rights for many of the famed author’s books, including ‘The Lord of the Rings’ and ‘The Hobbit,’ the media giant is set to create an entire new generation of films through the WB label New Line Cinema.

Business Headline News

Game Giant Embracer Snags Rights to Everything Tolkien

The Swedish video game conglomerate has purchased Middle Earth Enterprises, which holds the rights to all the famed author’s published works, including ‘Lord of the Rings,’ ‘The Hobbit,’ and other properties.