Embracer Group announced today that it has set the wheels in motion to acquire the IP rights to J.R.R. Tolkien’s The Lord of the Rings and The Hobbit trilogies, which will see the company acquire The Saul Zaentz Company’s division know was Middle-earth Enterprises.
This division owned a wealth of properties including the worldwide rights to motion pictures, video games, board games, merchandising, theme parks, and stage productions pertaining to the iconic fantasy novels.
In addition to The Hobbit and The Lord of the Rings, it also includes Middle-earth related literary works authorised by the Tolkien Estate and HarperCollins, which haven’t been explored yet.
Lars Wingefors, Embracer Group’s Founder and CEO, commented:
I am truly excited to have The Lord of the Rings and The Hobbit, one of the world’s most epic fantasy franchises join the Embracer family, opening up more transmedia opportunities including synergies across our global group.
I am thrilled to see what lies in the future for this IP with Freemode and Asmodee as a start within the group. Going forward, we also look forward to collaborating with both existing and new external licensees of our increasingly stronger IP portfolio.
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Embrace Group recently announced that it had acquire the rights to a number of Square Enix properties and developers, including Eidos Montreal, Crystal Dynamics and Square Enix Montreal.