Embracer Group will split into Fellowship Entertainment and Embracer

**Embracer Group will split into Fellowship Entertainment and Embracer** is the kind of update that asks players to pause the backlog spreadsheet for a minute because it may shape what is worth watching, downloading, or waiting on next.

Embracer Group is splitting again, this time into two publicly listed companies: Fellowship Entertainment and Embracer. Fellowship Entertainment will become the IP-led game development, publishing and licensing business, with major properties including The Lord of the Rings, The Hobbit, Tomb Raider, Kingdom Come: Deliverance, Metro, Dead Island, Darksiders and Remnant. Studios and companies moving under Fellowship include 4A Games, Crystal Dynamics, Eidos-Montréal, Dambuster Studios, Gunfire Games, Flying Wild Hog, Fishlabs, Middle-earth Enterprises and Warhorse Studios. The remaining Embracer business will focus on a leaner structure, mobile, distribution, retro, remakes, remasters and selective M&A. For players, this is not just finance news. It may shape how huge IPs are managed over the next decade. A more focused Fellowship could give Tomb Raider, Metro, Kingdom Come and Middle-earth projects clearer leadership and publishing strategy. Given Embracer’s chaotic restructuring history, the hope is that separation creates stability rather than more confusion.

If you play on PC or Console, the practical question is not just what was announced, but whether it changes your release calendar, patch expectations, platform plans, or the next thing competing for your weekend. We are keeping this report tight to the source details rather than dressing it up with guesses.

Source: [Gematsu](https://www.gematsu.com/2026/05/embracer-group-to-split-into-two-companies-fellowship-entertainment-and-embracer)