Reported 8 months ago
Embracer Group's annual report for 2023/2024 revealed a 34% increase in net sales for its Entertainment & Services division, now totaling $678 million, with adjusted earnings also showing substantial growth. The success is attributed to strong licensing revenue from 'The Lord of the Rings' IP, housed within Middle-earth Enterprises. Embracer plans to further expand on the franchise with new games, TV series, and films, emphasizing its potential as a key driver for the company in the future.
Source: YAHOO