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The Latest Breaking News from Lars Wingefors

Replaced Embracer CEO wins understatement of the year, says "the road has not always been straight" after billions burned, thousands of layoffs, dozens of games canceled, and multiple studios closed

Assessing the straightness of Embracer's road

GamesRadar

Embracer CEO who oversaw the staggering $2B blunder that led to studio closures and layoffs is now set to become its executive chair, focusing on 'mergers and acquisitions and capital allocation'

Lars Wingefors is stepping down as Embracer CEO, but he's not going away.

PC Gamer

It's a day ending in 'y' so you know what that means: Embracer Group is doing more restructuring

It's amazing this lot ever get around to releasing games.

PC Gamer

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Space Marine 2 CEO puts the boot into the Saints Row team's twitching corpse from his private jet: 'Who's going to fund them for the next game after that disaster?'

Which is certainly a look.

PC Gamer

As nearly 2 million sales laugh in the face of live-service pushes, Kingdom Come: Deliverance 2's success "is a reminder" to release "great" games: "High-quality teams need to have the resources and the time to execute their visions"

Warhorse Studios' new RPG "has significantly outperformed our expectations" says Lars Wingefors

GamesRadar

Kingdom Come: Deliverance 2 delayed to February 2025: "We aimed for the end of the year and almost made it"

It's now out right before Valentine's Day

GamesRadar

Inspired by Fallout's TV renaissance, Lord of the Rings franchise owner says there's "amazing" potential for spin-offs based in Middle-earth

"Just the Middle-earth opportunity on its own is just amazing if you think about it"

GamesRadar

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After taking on $1.5 billion in debt over a $2 billion gamble, embattled Embracer CEO responsible for over 1,400 layoffs breaks out classic scapegoats: Russia and Covid

Embracer Group's Lars Wingefors is splitting his company into three parts

GamesRadar

Embracer's CEO says 'I'm sure I deserve a lot of criticism' as he reflects on a company split three ways—but maintains that every 'key entrepreneur and CEO' believed in its 'mission'

"All those decisions to acquire or organically set up or invest … I firmly believed in that."

PC Gamer

After at least 1,400 layoffs, 7 studios closed, and 29 games canceled, Embracer CEO admits "I deserve a lot of criticism"

Although "it's been painful," Lars Wingefors says "I still believe in what we do"

GamesRadar

Embracer Group embraces its new future as three separate companies including 'Middle-earth and Friends', which its CEO says 'reinforces Embracer's vision of backing entrepreneurs and creators with a long-term mindset'

Making friends.

PC Gamer

Newly-minted Saber Interactive boss says Embracer CEO 'gets a bad rap' for massive layoffs, studio closures, and game cancellations

One wonders what kind of rap he thinks would be appropriate.

PC Gamer

As restructuring ends with the sale of Gearbox, Embracer's CEO has a new plan: 'simply making better products and games'

It's a bold strategy.

PC Gamer

Video Game Giant Embracer Sells 'Borderlands' Maker To Take-Two

Embracer chief executive Lars Wingefors said the sale, to be completed by the end of June, was "an important step in transforming Embracer into the future with notably lower net debt and improved free cash flow."

International Business Times

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PC Gamer

We are once more informing you that the KOTOR remake is probably delayed for at least another year

Time is a flat circle.

PC Gamer

Embracer Group sells off Space Marine maker Saber Interactive and most of its studios for $247M, but the price could go a lot higher

Most of the studios operating under the Saber brand are included in the sale, but some big names are staying behind.

PC Gamer

Embracer Group will reportedly sell Space Marine 2 studio Saber Interactive for $500 million

Saber Interactive, which Embracer acquired in 2020, will continue to operate as a privately-owned company.

PC Gamer

Embracer reveals it laid off around 1,400 people in 6 months last year, but don't be a bellyacher—this is all about 'maximising shareholder value'

And there's more to come.

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Top News

Embracer reports Q3 boost from Lord of the Rings licensing

Embracer, owner of Lord of the Rings IP, reported lower-than-expected Q3 results but highlighted strong licensing revenue from the Tolkien franchise.

TechRadar

Embracer confirms it’s laid off over 1,300 people since the start of its restructuring program

Embracer's new financial report confirmed its restructuring program has cut around 8% of staff since it began.

Windows Central

Embracer Group is showcasing the dangers of irresponsible consolidation

Embracer Group has repeatedly closed studios and laid off employees since it fell on hard times in May of 2023.

PC Gamer

The biggest gaming controversies of 2023, part 2

Layoffs, Reddit beefs, racism, indie games, and more: 2023 was definitely another year for videogames.

PC Gamer

Disney games boss acknowledges 'a lot of demand' for Knights of the Old Republic remake, giving me my first spark of hope for the project in ages

There is no death, there is the Force.

TechRadar

Embracer could be shutting down TimeSplitters studio Free Radical Design in December, CEO reportedly confirms

Embracer CEO Lars Wingefors has reportedly acknowledged the potential closure of Free Radical Design in a company email.

TechRadar

Embracer Group has laid off over 900 people in the last three months but reports "one of our strongest quarters for new releases ever"

A new investor earnings report claims Embracer has laid a "foundation for organic growth" despite layoffs.

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