Summary: Embracer Group, the new owner of Tomb Raider, Deus Ex and Hitman studios, says it wants to add a bunch of new content to some of its most popular acquisition IPs. The earnings report indicated interest in making remakes, sequels, and even movies. As far as we know, nothing is in development yet, but as the company is making record profits, work will likely start soon.
On Friday, the Embracer Group, the holding company of numerous game studios, published its earnings for the fiscal year ending March 2022. The numbers look solid, with the company reporting SEK 5.23 billion ($524 million) for the fourth quarter and SEK 17.04 billion ($1.71 billion) for the year. Compared to last year, this is an increase of 117 and 89 percent, respectively.
Unsurprisingly, 84 percent of its total profits came from its gaming division, which grew 114 percent from 2021 to SEK 4.42 billion ($443 million) in the fourth quarter. The company posted similar year-over-year growth, with game sales generating SEK 13.94 billion ($1.4 billion) in fiscal year 21/22.
Forecasts for Embarcer look more promising after the acquisition of game studios Eidos Montréal, Crystal Dynamics and Square Enix Montréal. The company said it will put this investment to work immediately, capitalizing on these developers’ largest franchises.
“After the end of the quarter, we further strengthened our development capabilities and IP portfolio with an agreement to acquire Crystal Dynamics, Eidos Montreal and Square Enix Montreal, including Tomb Raider, Deus Ex, Thief and Legacy of Kain and other IPs. . The announcement received overwhelming and positive response. We see great potential not only in sequels, but also in remakes, remasters, spin-offs, and transmedia projects across the Group.”
This plan could mean we’ll soon see everything from reboots to movies and merchandise from series like Tomb Raider and more. We haven’t seen a new Tomb Raider game since the launch of Shadow in 2018. Deus Ex has been collecting dust since 2016. And Theif hasn’t had a proper record since Thief: Deadly Shadows in 2004 (we’ll count the crappy 2014 Thief remake). ). The Legacy of Kain series has been neglected even more since it was abandoned in 2003 along with LoK: Defiance.
Of course, at the moment this is just potential. Embracer did not indicate that anything is currently in development. However, the firm aims to launch these studios as soon as the deal closes, sometime between July and September. As such, it may not be that long before we get official public announcements and more details on these plans.