Embracer bought the rights to The Lord of the Rings and The Hobbit

Ambrisser Group, which we know these days for numerous and strange acquisitions, has recently acquired 5 other companies. However, perhaps the most important and notable company among these companies is Middle-earth Enterprises, which, as its name suggests, is related to Middle Earth and has licensed works such as The Lord of the Rings and The Hobbit to Embrisor Group.

BingMag.com Embracer bought the rights to The Lord of the Rings and The Hobbit

Ambrisser Group, which we know these days for numerous and strange acquisitions, has recently acquired 5 other companies. However, perhaps the most important and notable company among these companies is Middle-earth Enterprises, which, as its name suggests, is related to Middle Earth and has licensed works such as The Lord of the Rings and The Hobbit to Embrisor Group.

If you remember, a few months ago, The Saul Zaentz Company announced that it plans to sell one of its most important assets, Middle-earth Enterprises, for a price of more than 2 billion dollars. They made this decision after holding the rights to the Lord of the Rings and The Hobbit titles for something like 50 years. However, while industry giants including Amazon, which is currently producing a massive Lord of the Rings series and will soon air its first season, were expected to swoop in and buy the rights to The Lord of the Rings and The Hobbit. However, there was no news at the time, and now, unexpectedly and seemingly at a lower price, Ambrisser Group has done so. Ronald Roel will receive Tolkien's The Hobbit and The Lord of the Rings. Of course, this company has not yet announced the final amount of this purchase and in the press release it has related the reason for this to business reasons.

This contract will mean that Embrisor Group will have the rights of movies, video games. , will have board games, commercial and decorative goods, theme parks and stage productions related to these two works of Tolkien.

BingMag.com Embracer bought the rights to The Lord of the Rings and The Hobbit

In this regard, Ambrisser has stated that this deal allows them opportunities to make films about iconic characters such as Gandalf, Aragorn, Gollum, Galadriel, Iowyn and other characters from the literary world of Jay's works. R. R. Find Tolkien. According to them, this will provide new opportunities for fans to explore this fantasy world through merchandise and other artistic experiences. Although, when we look at this statement at first glance, we fear that Embracer wants to milk the royalties of these works. However, it's too early to judge.

Embracer Group says that when the deal is dry and finalized, Middle-earth Enterprises will be part of the newly formed Embracer Freemode operating group. The company will then continue to operate independently under the existing Middle-earth Enterprises leadership team.

Still the reason why large companies that operate in both the movie and video game industries, We don't know if they missed the opportunity to buy the rights of these two great works. Of course, Tolkien's copyright doesn't stop there. Warner Bros. still claims that it owns part of this copyright, and on the other hand, the majority of the copyright to Tolkien's works and his created world is held by the Tolkien Foundation. The royalties held by the Tolkien Foundation even include the rights to The Silmarillion and Tolkien's other works.

Read more: Embracer continues to buy; Five more companies have acquired Ambrisser

It may be hard to believe that a company that started out by buying studios and small, failing companies has now grown to such a size and a huge collection of It houses studios and creative companies that even managed to buy the rights of The Lord of the Rings and The Hobbit. It seems that they have done various collaborations with other studios or companies to produce different content about these two works in different mediums. We have to wait and see what the fate of this purchase will be in the future.

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