Embracer Group, one of the largest multimedia, and specifically video game holding companies in the world, is continuing its record-setting pace for acquisitions by launching its 11th operating group\u2014Embracer Freemode. <\/p>
Freemode, which will have a specific focus on growth for the company in areas like retro, classic, and heritage gaming, production, devices, gear, and iconic gaming and media properties, was announced earlier today, along with more than a handful of closed and agreed-upon deals. <\/p>
As part of its initial announcement, Embracer announced Freemode would hold the company\u2019s first Japanese-based studio Tatsujin, along with a separate deal for the rights to classic Toaplan titles that will allow studio head, and former Toaplan founder, Masahiro Yuge and the team to work curate those games into the future.\u00a0<\/p>
Additionally, Swedish retro-style studio Bitwave Games has been acquired and will work to bring several classic titles from Toaplan\u2019s catalog to PC and modern consoles, such as Gimmick! In the device market, Freemode also now owns the European gaming and accessory brand Gioteck.<\/p>
Outside of the main announcement, Embracer also confirmed it has entered agreements to acquire vocal tech and effect company Singtrix, Teardown <\/em>developer Tuxedo Labs, Killing Floor <\/em>and Maneater <\/em>developer Tripwire Interactive, and physical media brand Limited Run Games (LTR.) And that doesn\u2019t even touch the company\u2019s deal to nab worldwide rights to The Lord of the Rings <\/em>trilogy and The Hobbit<\/em>.<\/p>
Related: <\/strong>Embracer Group to acquire IP rights to Lord of the Rings, The Hobbit<\/strong><\/a><\/p>