Swedish gaming company Embracer Group has agreed to acquire Middle-earth Enterprises from The Saul Zaentz Company. The division owns a catalog of intellectual property and worldwide rights to films, video games, board games, merchandise, theme parks and theatrical productions related to literary works. Lord of the Rings trilogy and The Hobbit by JRR Tolkien.
It also owns rights to other Middle-earth-related literary works licensed by the Tolkien Estate and HarperCollins “that have not yet been exploited,” the companies said in announcing the deal on Thursday.
The sale price of Freemode, a subsidiary of Embracer, was not disclosed.
“I am very excited to have him. Lord of the Rings s The HobbitOne of the most epic fantasy franchises in the world will join the Embracer family and open up more transmedia opportunities, including synergies within our global group,” said Lars Wingfors, founder and CEO of the Embracer group, which was buying. new and existing third parties to build our increasingly strong intellectual property portfolio.”
“We at Zaenz Company have had the honor of sponsoring Tolkien’s rights for the last half century. Lord of the Rings s The Hobbit Fans around the world were treated to award-winning epic films, challenging video games, world-class theater and productions of all kinds,” said Marty Glick, CEO of Saul Zaentz Company. “We couldn’t be more excited that Embracer is now taking over, and we are confident that their group will reach new heights and dimensions in honoring the spirit of these great literary works.”
The Berkeley-based Saul Zaentz Company was founded in 1976 and was originally created as a film company that produced similar films. Someone flies over the cuckoo’s nidus. It acquired its rights from the ownership and ownership of Tolkien and HarperCollins Publishers, who retain the rights to print publication of Tolkien’s literary works. In 1998, the company was licensed by New Line Cinema to direct Peter Jackson’s live-action trilogies. Lord of the Rings s The Hobbitthe companies said, noting that the films have grossed more than $6 billion at the box office.
Embracer said its Asmodee Group “is already one of the most successful licensees Lord of the Rings s The Hobbit Between board games and card games, it has published over a dozen games with over 100 expansions since its release. Lord of the Rings board game from over 20 years ago, including classics like The Lord of the Rings: The Card Game s The Lord of the Rings: Journey to Middle-earthA fully co-op and app-compatible board game set in JRR Tolkien’s iconic Middle-earth.”
Major future works in which Middle-earth Enterprises has a financial interest include the Amazon series The Lord of the Rings: The Rings of PowerThe premiere of what will happen on September 2, an animated film The Lord of the Rings: War of the Rohirrim (Warner Bros.), to be released in 2024, and a mobile game The Lord of the Rings: Heroes of Middle-earth (electronic art).
“Other opportunities include exploring additional films based on iconic characters like Gandalf, Aragorn, Gollum, Galadriel, Éowyn and other characters from JRR Tolkien’s literary works, and continuing to explore new opportunities for fanatics to explore this fictional world through commerce and means.” A different experience,” said Embresser.
Skadden, Arps, Slate, Meagher & Flom acted as legal advisors to Embracer in the transaction. Arnold & Porter served as legal counsel for The Saul Zaentz Company, and ACF Investment Bank acted as its investment banker.
In May, Embracer announced deals to acquire video game development studios Crystal Dynamics, Eidos-Montreal and Square Enix Montreal for $300 million in cash and debt, giving it intellectual property in popular games. Tomb Raider, Deus Ex, Thief s Cain’s legacy deductibles
On Thursday, in addition to the Middle-earth Enterprises deal, Embracer announced other acquisitions. Among them are deals for US game developer and publisher Tripwire Interactive, known for doing so. the killing floor s a rising storm series too man eaterand Swedish game developer Tuxedo Labs, known for Break down.
Source: Hollywood Reporter
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