Embracer Group Will Complete Over 70 Premium Development Projects in the Coming Year

The second half of 2021 will also see the company releasing more games than usual.

Posted By | On 18th, Feb. 2021

embracer group

Embracer Group has become a major force to be reckoned with in a surprisingly short period of time, and with a flurry of acquisitions over the last few years, they’ve amassed a large number of major developers and publishers in the industry. As you’d expect, that’s going to lead to significantly boosted output for the company where games are concerned.

In the company’s recently quarterly financial briefing, Embracer CEO Lars Wingefors said that accounting for all the developers currently under the company’s umbrella, over 70 total premium development projects will be completed over the coming fiscal year (by April 2022)- and this is not counting any games currently in the works at the recently acquired Gearbox and Aspyr. Meanwhile, Wingefors also said that the second half of 2021 will see Embracer Group releasing more games than usual.

“Looking ahead, we now expect the next financial year ending March 2022 to become the strongest in our history driven by numerous significant releases towards the second half of the year,” Wingefors stated. ” In total, we expect to complete more than 70 premium game development projects with a total completion value in the range SEK 2,500-3,000 million, according to management estimates at the time of this report. This excludes any additions from the announced transactions on February 3 with Gearbox, Aspyr and EasyBrain. Consequently, we now expect Q4, the current quarter ending March, to have lower activity in terms of new releases. The value of completed (released) games in Q4 is estimated to be in the range of SEK 120 – 140 million and between SEK 840 – 860 million for the fiscal year.”

Of Embracer’s sizeable lineup of games in development, Biomutant is the closest to launch. Other games scheduled for 2021 include Evil Dead: The Game, Chorus, Chivalry 2and King’s Bounty 2.


Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Century: Age of Ashes Has Been Delayed to Steer Clear of Battlefield 2042

Century: Age of Ashes Has Been Delayed to Steer Clear of Battlefield 2042

Battlefield 2042's new launch date is a bit too close for comfort to Century: Age of Ashes' planned release da...

Titanfall 3 isn’t Going to Happen Anytime Soon, Respawn Says

Titanfall 3 isn’t Going to Happen Anytime Soon, Respawn Says

"We’ve got too many other games in the works right now," says Respawn Entertainment's community coordinator ...

Alan Wake Remastered Could be Tweaked to Connect to Other Remedy Titles

Alan Wake Remastered Could be Tweaked to Connect to Other Remedy Titles

Remedy Entertainment says the upcoming remaster's content will remain largely unchanged, but hints that there ...

Steam Has More Outages Than Xbox Live and PlayStation Network – Report

Steam Has More Outages Than Xbox Live and PlayStation Network – Report

A report by Tooltester reveals that Steam experiences more outages than PlayStation and Xbox Live on average.

Halo Co-Creator Marcus Lehto Says He’s About to Make Divisive Career Decisions

Halo Co-Creator Marcus Lehto Says He’s About to Make Divisive Career Decisions

Halo co-creator Marcus Lehto doesn't expect all of his fans to be supportive of his career decisions this wee...

Evertried Is A Strategic Roguelite Coming To Consoles and PC Later This Year

Evertried Is A Strategic Roguelite Coming To Consoles and PC Later This Year

Lunic Games' Evertried is a roguelite with turn-based combat and will be releasing on all major platforms on O...