Embracer Group plans sequels, remakes and spinoffs after buying Square Enix’s IP

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Embracer Group said it sees “great potential” in creating “not only sequels, but also remakes, remasters, spin-offs” and more with the many IPs it has purchased from Square Enix more early this month.

The huge conglomerate bought Crystal Dynamics, Eidos Montreal, and Square Enix Montreal from Square Enix in early May for $300 million, acquiring the rights to Tomb Raider, Deus Ex, Thief, Legacy of Kain, and many other titles in the process. The deal is expected to close between July and September, and Embracer is already considering cash inflows for these IPs, according to a company financial report.

In addition to games created with these properties, Embracer sees potential for “transmedia projects”. These could include TV shows and movies, but also comic books and board games. Embracer owns Dark Horse Comics, one of the largest comic book companies in the United States, and Asmodee, a major French board game publisher.

Many Embracer IPs received from the sale have been dormant for some time. The last Tomb Raider game, Shadow of the Tomb Raider, was released in 2018 – although Crystal Dynamics announced it was working on a new game in the franchise just ahead of the sale. Deus Ex’s latest release, Mankind Divided, arrived in 2016, and the latest Thief game was released in 2014. There are dozens of other IPs that have lain dormant for even longer, and all of them could be targeted for remakes or reboots now that Embracer is at the helm. .

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