Embracer Group has announced plans to split into two public companies in 2027, with Fellowship Entertainment taking major IPs including Tomb Raider, Lord of the Rings, Dead Island, Metro and others. The restructuring is intended to give each entity greater focus, unlock undervalued assets and provide Embracer more flexibility for mergers and acquisitions.
Just like Asmodee and Coffee Stain, we believe Fellowship Entertainment will thrive the most by becoming its own standalone business.
I think the assets held by Fellowship Entertainment are among the most undervalued in the industry and I feel it’s my duty as the largest shareholder to change this and create a structure to realize their full potential.
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Summer Game Fest 2026 delivered a packed showcase with dozens of reveals across major franchises. Here are the key announcements from the event.
Xbox CEO Asha Sharma says platforms require exclusive content and services even as she reevaluates the company’s exclusivity approach after bringing games to rival consoles. Her first 100 days included higher shipment volume than the prior year, Game Pass returning to growth, and a renewed focus on community feedback.
Valve confirmed both the Steam Machine and Steam Frame VR headset will ship this summer while expanding its Verified program to the hardware. Pricing and exact timing details were omitted from the announcement leaving questions about the final cost of the more powerful Steam Machine.
