Embracer Group announces plans to spin-off Fellowship Entertainment

Embracer is splitting off Fellowship Entertainment after a rough year: PC/console sales fell 46% in Q4 and the group booked a SEK 7.2 billion impairment, including one unannounced AAA project. For devs, the big signal is a leaner publishing arm focused on premium IP and a target of at least two major releases a year from FY 2027/28.