Embracer, the embattled publisher which announced a significant restructuring earlier today, has been talking a little bit about how it intends to turn its business around. You may recall the European titan had been expanding aggressively, but today it confirmed that it’ll face significant layoffs, closures, and cancellations as it attempts to get its balance sheets back in the green.
One way it aims to steady the ship is with Lord of the Rings games, as it owns the rights to the popular fantasy property. “We know we need to be exploiting Lord of the Rings in a very significant fashion and turning that into one of the biggest gaming franchises in the world,” said newly promoted interim executive Matthew Karch. “And that's obviously something we're going to be doing.”