Embracer Spins Off Fellowship Entertainment, Eyes Nasdaq Stockholm Listing
Embracer will spin off Fellowship Entertainment into a standalone IP-led company housing The Lord of the Rings, Tomb Raider and other legacy IPs, with plans to list on Nasdaq Stockholm in 2027 to unlock value and attract international investors. Phil Rogers will serve as CEO of Fellowship, while Embracer focuses on core gaming and film distribution and expands licensing and publishing of its brands. The move follows prior spin-offs and a broader restructuring, backed by a buyback and stronger results.