‘Lord of the Rings’ Owner Embracer Reports 10% Drop in Entertainment Sales, Blames Tolkien IP for ‘Lower Activity’

Embracer has reported disappointing results for the second quarter of 2024, reporting a large drop in net sales of 21% across the gaming group to SEK 8.6 billion ($ 782 million), with net sales of its entertainment and services also dropping by 10%. Adjusted operating profit fell by 33% to $ 109 million between July and September […]
Variety