The intellectual property rights for The Lord of the Rings and Tomb Raider have shifted to a new company named Fellowship Entertainment. This happened after a company split at the Embracer Group. The new company will hold both the LOTR and Tomb Raider IPs, along with Kingdom Come: Deliverance, and more.

Lord of the Rings, Tomb Raider, and more IPs are placed under new company

According to Deadline, the popular franchises The Lord of the Rings and Tomb Raider have found a new home at the organization Fellowship Entertainment. The new business is a spin-off of the Embracer Group and an “IP-led entertainment company” that holds assets described by Embracer Group chair Lars Wingefors as “among the most undervalued in the industry.”

It is set to own the upcoming Andy Serkis movie, The Lord of the Rings: The Hunt for Gollum, and the Sophie Turner adaptation of Tomb Raider. The company will take over operations such as the publishing, licensing, and development of these IPs. It will also exercise control over these brands across other media, such as games, merchandise, films, and more.

In a statement, Wingefors asserted that the company was formed with the aim to “create a structure to realize their full potential.”

He further went on to convey, “This separation is about sharper management focus and clearer accountability, giving each business the structure and leadership to realize more of its full potential. I am truly excited about Fellowship Entertainment’s prospects to organically grow substantially over the coming years. I’m convinced that Fellowship Entertainment could reach industry-leading profitability and show healthy, long-term organic growth above the industry average. The main rationale to spin off Fellowship is to increase management focus to capture the full joint potential of the IPs, their respective communities, and some of the best game developers in the world.”