Video game giant Embracer to acquire IP rights to The Lord of the Rings, Hobbit
Summary
Karlstad, Sweden-based Embracer Group is set to acquire Middle-earth Industries, the company that owns the IP rights to J.R.R. Embracer is purchasing the IPs from the California-based Saul Zaentz Company for an undisclosed sum. In any case, Middle-earth Industries is the latest in an ever-growing lineup of acquisitions from Embracer Group. Over the years, the company’s portfolio has grown to include the likes of Deep Silver (Saints Row), Gearbox (Borderlands), Saber Interactive (Halo: Combat Evolved Anniversary) and Dark Horse Comics (Hellboy). Most recently, the company announced a deal with Square Enix to acquire several of the Japanese gaming giant’s properties (including Tomb Raider and Deus Ex) and studios (like Eidos Montreal and Square Enix Montreal).