What company owns Embracer Group?
Embracer Group is a Swedish video game holding company controlled by Lars Wingefors. In 2016, the company was spun out of Nordic Games Group and in 2019 it was renamed Embracer Group. As of 2021 they own more than 76 internal studios in over 45 countries in Europe and the Americas.
Is Embracer Group owned by China?
Embracer Group AB (formerly Nordic Games Licensing AB and THQ Nordic AB) is a Swedish video game and media holding company based in Karlstad.
Who is the CEO of Embracer Group?
Lars Wingefors is the cofounder and CEO of Embracer Group, Europe's biggest gaming company.
Who owns THQ now?
In the case of Embracer, it owns 11 such companies (i.e., operating groups): THQ Nordic, Plaion, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, Dark Horse, and the recently founded Embracer Freemode.
Why is Embracer Group in trouble?
Embracer Group has said it has laid off 904 staff, or 5% of its workforce, since its financial struggles began following the collapse of a $2 billion deal, reportedly with Saudi government funded company Savvy Games Group.
Does Tencent own Gearbox?
Gearbox Entertainment was acquired by the Embracer Group in April 2021, becoming its seventh major label.
Who owns Ubisoft?
The Guillemot family, who founded Ubisoft, holds a 14% stake in the company. Tencent, a Chinese technology and entertainment company, owns a 9.99% stake in Ubisoft. Ubisoft is publicly traded on the Euronext Paris stock exchange. The company has a global presence with offices and studios in various countries.
Who owns Gearbox?
Gearbox Software
Is Embracer Group buying everything?
Parent organizations
Who is the CFO of Embracer Group?
Embracer has only owned Gearbox since 2021, when the mega-publisher bought the company in a deal worth nearly $1.4 billion. That same day, Embracer announced the acquisition of two other studios.
What does Embracer Group make?
Embracer Group AB (”Embracer”) has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from SQUARE ENIX HOLDINGS CO., LTD.
Where is Embracer Group?
Johan Ekström
He has an extensive background in accounting, reporting and financial control from previous positions at Crem International, Permobil and PwC.
Does Embracer Group own Square Enix?
Embracer Group owns the companies that own the companies that make: Little Nightmares II, Goat Simulator, Destroy All Humans!, TimeSplitters, Timecop, Darksiders, Saints Row, Duke Nukem, Borderlands, Valheim, Killing Floor, Deus Ex, and Tomb Raider.
What did Square sell to Embracer?
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its twelve operative groups: THQ Nordic, PLAION, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, Dark Horse, Freemode and Crystal Dynamics – Eidos.
Why is THQ closed?
Embracer finalises acquisition of Square Enix assets
Crystal Dynamics, Eidos Montreal, and Square Enix Montreal will all now exist under the Embracer Group umbrella, with Embracer gaining development and publishing rights to several franchises such as Tomb Raider, Thief, and Legacy of Kain.
What is happening with Embracer?
Original Story: Embracer Group has entered into an agreement to acquire Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a "catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from Square Enix Holdings" for $300 million.
Why is Embracer laying off employees?
After years of financial struggles, stock value drop, and debt, THQ filed for Chapter 11 bankruptcy in December 2012 and commenced liquidation of its assets the following month.
Who are Embracer Group competitors?
The Embracer model is being adjusted and improved, but our long-term vision is still unchanged. Challenging times are also learning times that will strengthen us into the future. I'm confident that the decisions we make today, set the foundation for the coming decade," he concluded.
Does China own Tencent?
The Swedish gaming company Embracer Group AB is canceling a video game in the beloved Deus Ex series after two years of development and will lay off a number of employees as part of an ongoing initiative to cut costs, according to people familiar with the moves.
Who is bigger Tencent or Microsoft?
Embracer Group competes with companies such as CD Projekt Red, Electronic Arts, and Activision Blizzard. CD Projekt Red is known for making highly immersive and original RPGs that are widely considered some of the best in the industry.
Who owns Tencent?
Tencent Holdings Ltd.
(Chinese: 腾讯; pinyin: Téngxùn) is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue.
Is Ubisoft a Russian company?
This is a listing of largest video game publishers by revenue ranked by revenue for the fiscal year 2022-2023. Tencent is the world's largest video game company, followed by Sony Interactive Entertainment and Microsoft Gaming.
What is the richest gaming company?
Ma Huateng, founder and CEO of Tencent, is a young entrepreneur from Shantou, the coastal eastern part of Guangdong Province, where many competent overseas Chinese have their roots. He is also a major shareholder of Tencent, owning some 10% of the company.
What does Tencent own?
Ubisoft Entertainment SA (/ˈjuːbisɒft/; French: [ybisɔft]; formerly Ubi Soft Entertainment SA) is a French video game publisher headquartered in Saint-Mandé with development studios across the world.
Is Gearbox owned by Embracer?
Some of their notable holdings include: WeChat: Tencent's flagship social media platform, hugely popular in China and worldwide. Riot Games: The developer of “League of Legends,” one of the most popular PC games globally. Epic Games: Tencent holds a significant stake in the company known for “Fortnite.”
Is Gearbox part of Embracer?
Gearbox was acquired by Embracer in 2021 in a deal worth up to $1.3 billion. The company has put out two Borderlands spinoffs since then, and a Borderlands movie is supposed to be released in 2024. In July, the company published Remnant 2, a shooter / RPG that became the month's bestselling title in the US.
Is Gearbox a AAA studio?
Embracer, majority owned by founder Wingefors, purchased Gearbox in February 2021 in a deal that valued the business at up to $1.4 billion at the time. Gearbox marketing materials are already available for potential buyers, which consist mainly of international gaming groups, said two of the people.
Why is Embracer Group closing Studios?
Gearbox Software, a creative developer of multiple original AAA game titles and franchises. Gearbox Publishing, the publishing unit has over the past few years established itself on the North American scene, focused on bringing titles from top independent developers to market.
Who owns Crystal Dynamics?
Karch said the studios to be closed are “underperforming,” or not creating games “up to our standard.” Embracer Group said that the impacted projects have “not yet been announced” and have “low projected returns” on investment.
Who owns Nordic Games?
Square Enix sold Crystal Dynamics to Embracer Group in August 2022. As of 2022, Crystal Dynamics employs 273 people across three studios under the leadership of head of studio Scot Amos. It is working on another Tomb Raider game and co-developing Perfect Dark.
How many employees does Embracer Group have?
Our diverse businesses are our strength. With our headquarters in Karlstad, in the Swedish province of Värmland, Embracer Group engages more than 15,000 people in over 40 countries, with a track record of combining organic and acquired growth.
How high ranked is CFO?
Role and Responsibilities of Chief Financial Officers (CFOs)
The CFO reports to the CEO but remains one of the key personnel in any company. In the financial industry, it is a high-ranking position, and in other industries, it is usually the third-highest position in a company.
Who is Coca Cola CFO?
John Murphy is President and Chief Financial Officer of The Coca‑Cola Company. He oversees Global Ventures; Platform Services; offline-to-online (O2O) digital transformation; Customer and Commercial Leadership; and Finance and Strategy.
Is Embracer Group profitable?
Embracer Group has improved its profit over the last three years, with an annualized gain of 162% in that time. But EPS was only up 56% per year, in the exact same period. Net income was down 82% over the last twelve months. But the EPS result was even worse, with the company recording a decline of 85%.
How much money does Embracer Group have?
Market cap: $2.28 Billion
As of February 2024 Embracer Group has a market cap of $2.28 Billion. This makes Embracer Group the world's 3876th most valuable company by market cap according to our data.
Who owns Epic Games?
Tim Sweeney: Founder and CEO Tim Sweeney owns more than half of Epic Games' stock. Tencent (TCEHY -0.3%): The Chinese technology and entertainment company holds about 40% of Epic Games stock. Sony (SONY -0.33%): The Japanese entertainment company has about a 4.9% stake in Epic Games.
Who is the CEO of Embracer?
Embracer CEO Lars Wingefors said that the current reduction in workforce at the company and across the industry is "something that everyone needs to get through," later adding that the group's strategy has been to cut the things that have "the lowest chance of success going forward" and to only keep "the most iconic ...
Who is the CEO of Embracer Group?
Lars Wingefors is the cofounder and CEO of Embracer Group, Europe's biggest gaming company.
What does Embracer own?
In the case of Embracer, it owns 11 such companies (i.e., operating groups): THQ Nordic, Plaion, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, Dark Horse, and the recently founded Embracer Freemode.
Is Embracer Group buying everything?
Embracer Group AB (”Embracer”) has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from SQUARE ENIX HOLDINGS CO., LTD.
Does Embracer own Gex?
Three months later, Embracer Group made an agreement to purchase Crystal Dynamics and Eidos IPs from Square Enix, which didn't include Gex. In July 2023, Limited Run Games announced Gex Trilogy, a compilation release of all three games emulated through Limited Run's Carbon Engine.
Who owns Square Enix?
As of currently, they are owners of the Gex series and other Eidos Interactive properities. Despite, the Gex series being semi-dormant under this publisher, there has been attempts to revive the game series under this publisher under thier Square Enix Collective program.
Does Square Enix still own Gex?
Square, Inc. (now Block, Inc.) is the parent company of Square, the financial services platform. Square was founded in 2009 by Jack Dorsey and Jim McKelvey. Square provides small and medium-sized businesses with a platform to accept credit card payments.
Who owns Square Online?
The publisher's reasoning, according to analyst David Gibson, is that its Western studios and their products might have been cannibalizing sales from the rest of the group, so selling them off “could improve capital efficiency” — basically, making more money relative to what the company spends to make more money.
Why Square Enix sold?
After a few touch-and-go years of hanging by a financial thread, it looks like game publisher THQ is finally, completely done.
Is THQ still a company?
In April 2013, Nordic Games acquired all left-over properties from the bankruptcy auctions of American video game publisher THQ for US$4.9 million. Included in the deal were over 150 individual games, including the Darksiders, Red Faction, and MX vs. ATV franchises.
Who bought THQ?
Shares in one of Europe's largest gaming companies plunged the most on record after a partnership deal worth more than $2 billion collapsed, prompting a slashed profit forecast for the year.
Why did Embracer stock drop?
The company suffered a setback in May when a $2 billion partnership deal with an undisclosed company fell through, which led it to announce a major restructuring plan in June. Two weeks ago, Embracer Group halted the development of a new "Deus Ex" game, redirecting resources to an original franchise to reduce costs.
Why is Embracer stock down?
Gearbox Software
Who owns gearbox?
Parent organizations
Was Deus Ex cancelled?
Embracer has only owned Gearbox since 2021, when the mega-publisher bought the company in a deal worth nearly $1.4 billion. That same day, Embracer announced the acquisition of two other studios.
Does Tencent own gearbox?
Last month, embattled parent company Embracer Group reportedly canceled this new Deus Ex game after two years of development.
Who owns Ubisoft?
Gearbox Entertainment was acquired by the Embracer Group in April 2021, becoming its seventh major label.
Is Riot still owned by Tencent?
The Guillemot family, who founded Ubisoft, holds a 14% stake in the company. Tencent, a Chinese technology and entertainment company, owns a 9.99% stake in Ubisoft. Ubisoft is publicly traded on the Euronext Paris stock exchange. The company has a global presence with offices and studios in various countries.
Who is bigger Tencent or Microsoft?
In February 2011, Tencent invested $400 million for a 93 percent stake in Riot Games. Tencent bought the remaining 7 percent on December 16, 2015; the price was not disclosed.
Does China own Tencent?
This is a listing of largest video game publishers by revenue ranked by revenue for the fiscal year 2022-2023. Tencent is the world's largest video game company, followed by Sony Interactive Entertainment and Microsoft Gaming.
Why is Tencent so rich?
Tencent Holdings Ltd.
(Chinese: 腾讯; pinyin: Téngxùn) is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue.
Who owns Gex IP?
Tencent is one of China's largest technology companies, offering e-commerce, cloud computing, entertainment, internet platforms, operational platforms, and business ecosystems. The company generates over half of its revenue from social media services, music subscriptions, and games.
Who owns gearbox software?
In December 2021, Square Enix filed a new Gex trademark in the European Union, and subsequently in February a new trademark for Gex in Japan.
Who owns Crystal Dynamics?
Gearbox Software
What IPs brands are owned by THQ Nordic?
Parent organizations