Embracer Group

Embracer Group is the parent company of businesses developing and publishing games. With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its ten operative groups: THQ Nordic, Plaion, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee (the owner of Fantasy Flight Games), and Dark Horse. The Group has 120 internal game development studios and is engaging more than 12,750 employees and contracted employees in more than 40 countries.

In 2022 the company acquired Middle-earth Enterprises which included the licensing rights to The Hobbit and The Lord of the Rings .

In 2025, after a failed investment deal, Embracer Group split up many of its holdings. In particular among these Asmodee, a massive French board game publisher that was one of Embracer's subsidiaries, was spun out into its own separate company: Asmodee Group AB. Later that year, Middle-earth Enterprises announced that Asmodee had become the exclusive category manager for all MEE-licensed tabletop games.

On May 20, 2026 Embracer announced they would be spinning off Fellowship Entertainment, a new company that will be the steward for the Lord of the Rings and The Hobbit properties (alongside many other non-Tolkien properties). In addition to the new company, Middle-earth Enterprises was also re-organized under the Fellowship Entertainment umbrella.