Embracer Group have made their yearly report. Apparently, they had a major "strategic cooperation" in the works(worth 2 billion USD over 6 years time of development) that fell through in the last moment, and a weak overall showing meant the stock lost 40 % of its value.
I believe Embracer has the rights to Lord of The Rings, so I imagine that the title was one where they'd use that IP, though it could frankly be anything.
Kurskrasch för värmländska speljätten Embracer
Embracers aktie kollapsar på börsen efter en sänkt vinstprognos. En mångmiljardaffär sprack i natt, som var tänkt att presenteras i ett bokslut. Dessutom dräneras kassan av förseningar för kommande titlar.
www.svt.se
Embracer Group net sales rise to $3.5bn in "challenging year"
Sign up for the GI Daily here to get the biggest news straight to your inbox Embracer Group has published its financial…
www.gamesindustry.biz
I believe Embracer has the rights to Lord of The Rings, so I imagine that the title was one where they'd use that IP, though it could frankly be anything.