Games industry titan Embracer Group, which has spent the last many years acquiring video game studios including THQ Nordic, Crystal Dynamics, Eidos Montreal and Gearbox Entertainment, reportedly has 224 games in active development across its studio portfolio. The wild statistic was revealed in the company’s latest financial report, that also detailed an enormous 128% rise in net sales, when compared to last financial year – to SEK 11.6 billion (AU $1.6 billion).
Embracer Group’s investments in tabletop game companies have the symptoms of driven the largest segment of growth, earning it SEK 4.1 billion (AU $570 million). Given Asmodee, one of the most popular board game publishers, has become an Embracer-owned company, this success is no surprise.
PC and console game sales also contributed to this growth, with Embracer noting a 64% year-on-year increase in sales, to 3.6 billion SEK (AU $501 million).
That total is likely to grow within the next financial year, given recent investments produced by Embracer Group. In 2023, the organization purchased a quantity of new development studios, all of which currently have active projects in the works. Throughout an earnings presentation, Lars Wingefors reportedly confirmed Crystal Dynamics and Eidos Montreal are set to launch five triple-A games between them, by March 2028.
In addition, the company’s recent financial report confirmed hefty plans for the newly-purchased Lord of the Rings franchise.
According to Embracer, nowadays there are five games based on this mythology within the works, wonderful these expected to launch by the end of March 2024. These games include The Lord of the Rings: Gollum, Go back to Moria, and Heroes of Middle-earth, and also the fourth is assumed to become the sport within the works at Weta Workshop. A fifth game is currently a mystery.
Including these games, Embracer Group reportedly includes a whopping 58 unannounced games to launch within the FY23-24 period, plus an additional 31 unannounced games to be launched by FY 27-28.
That makes up about over 200 announced and unannounced projects, all being distributed by Embracer Group, through its many studios and publishers. While this also means the audience provides significant investments to the a lot of companies, it’s clear they are swiftly paying off.
Several other game companies, including Nintendo, have reported losses for this financial quarter due to tough economic circumstances, and a have to ‘tighten the belt’. Embracer Group, in stark contrast, appears to be thriving because of the diversity of its investments. Given the bold plans within the works, the company’s net sales are likely to carry on an upward trajectory for that near future.
