Embracer Group is making 118 games including 69 unannounced titles

Embracer Group is making 118 games including 69 unannounced titles

Embrace Group, formerly THQ Nordic, announced it has 118 games under development, including 69 unannounced titles.

It sounds a bit crazy, but it’s a measure of the size of the game management company based in Stockholm, Sweden, which is now one of the biggest game publishers in Europe. The company disclosed the development activity in its report on the results for the year ended April 1.

The Embracer group has five large subsidiaries with a total of 31 game studios and more than 3,500 employees and subcontractors. Major groups include Amplifier Game Invest, Coffee Stain Holding, Koch Media, THQ Nordic and Saber Interactive recently acquired.

When you think about how unusual this activity is, the company has an average of 29 people working on each game, and each studio has an average of 112 employees. These are small teams according to the standards of American triple-A companies, but they are large teams for independent games. And that’s what the Embracer Group has in its portfolio: a mix of big games and small ones.

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Upcoming titles include Biomutant, Chorus, Deep Rock Galactic, Destroy All Humans!, Iron Harvest, MotoGP 20, Ride 4, Wasteland 3 and WWE2K Battlegrounds.

And the company earns revenues from titles such as Darksiders, Dead Island, Elex, Goat Simulator, Kingdom Come Deliverance, Metro, Monster Energy Supercross, MX vs ATV, Remnant: From the Ashes, Satisfactory, Saints Row, Wreckfest and World War Z .

During the fourth financial quarter ended April 1, the company acquired Saber Interactive, maker of the just released Snowrunner and World War Z, for $ 525 million. Saber Interactive has 600 employees.

Sales for the fourth quarter were $ 138.4 million and operating profit was $ 29.6 million. And Embracer Group said it has raised an additional $ 165.4 million to improve its cash flow and acquire more companies, said Lars Wingefors, CEO of Embracer Group, in a statement.

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