Embracer Group is to buy Middle-earth Enterprises, which will give the Swedish conglomerate the rights to JRR Tolkien’s The Lord of the Rings and The Hobbit.
When the ink is dry, Embracer states Middle-earth Enterprises will be a part of the “newly founded operative group Embracer Freemode”.
In a press release, Embracer discussed its process of buying Middle-earth Enterprises, although it did not disclose the sum of this deal, citing “commercial reasons” for this decision.
The company will then continue to operate independently “under the existing Middle-earth Enterprises leadership team”.
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