Embracer Group plans big push for long-neglected franchises Legacy of Kain, Thief, DeusEx, and more
To summarize: Embracer Group, the new owner of the studios behind Tomb Raider, Deus Ex and Hitman, says it wants to produce a bunch of new content for some of the most popular IPs from its acquisitions. A revenue report indicated interest in producing remakes, sequels, and even movies. As far as we know, nothing is in the works yet, but with the company making record profits, work will likely begin soon.
On Friday, Embracer Group, the holding company for many game studios, published its earnings for its 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 represents growth of 117 and 89 percent, respectively.
Unsurprisingly, 84% of its overall revenue came from its games division, which grew 114% in 2021 to SEK 4.42 billion ($443 million) in the fourth quarter. The company recorded similar increases for the year, with games grossing SEK 13.94 billion (US$1.4 billion) in fiscal year 21/22.
The forecast for Embarcer only looks more promising with the acquisition of game studios Eidos Montreal, Crystal Dynamics and Square Enix Montreal. The company said it would immediately leverage this investment by capitalizing on these developers’ biggest franchises.
“After the end of the quarter, we further strengthened our development capabilities and our IP portfolio by entering into an agreement to acquire Crystal Dynamics, Eidos Montreal and Square Enix Montreal, including Tomb Raider, Deus Ex, Thief and Legacy of Kain and d “Other IPs. The announcement received an overwhelming and positive response. We see great potential, not only in sequels, but also in remakes, remasters, spin-offs as well as 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 others. We haven’t seen a new Tomb Raider game since Shadow launched in 2018. Deus Ex has been gathering dust since 2016. And Theif hasn’t had a real entry since Thief: Deadly Shadows in 2004 (we won’t count the shoddy thief 2014 redo). The Legacy of Kain series is even more neglected, having been discontinued in 2003 with LoK: Defiance.
Of course, at this point, it’s all just potential. Embracer hasn’t indicated that anything is currently in the works. However, the company is eager to get those studios to work as soon as the deal closes, sometime between July and September. So, it might not be long before we get official public announcements and more details on those plans.