Enlarge / A classic photo of famed author J.R.R. Tolkien, modified to reflect the new steward of his most famed intellectual property as of this week’s megaton acquisition announcement. (credit: Getty Images / Sam Machkovech)
Swedish game publisher Embracer Group has racked up headlines in the past few years thanks to megaton acquisitions of video game studios, and on Thursday morning, the company announced it has grown further still. Its latest acquisition spree includes one surprising company outside its usual business purview: Middle-earth Enterprises.
This company is better known as the exclusive handler of all Lord of the Rings and Hobbit novels, along with all intellectual property derived directly from those J.R.R. Tolkien fantasy masterworks. The financial terms of this deal with previous handler the Saul Zaentz Company were not disclosed, but Embracer is already eager to tease brand-new films featuring the aforementioned novels’ characters.
No production plans have been set for