Embracer bought Lord of the Rings and The Hobbit video game licences.

Embracer bought Lord of the Rings and The Hobbit video game licences.

Embracer Group acquired Limited Run Games, Tripwire Interactive, and Lord of the Rings and The Hobbit IP today.

Five companies have been acquired today, with a sixth unannounced PC and console game company.

Hobbit rights Embracer handles Tolkien movies, games, merchandising, plays, and theme parks.

This includes Amazon's pricey Lord of the Rings adaptation, premiering on Prime Video on September 2.

Embracer may make movies based on Gandalf, Aragorn, Gollum, Galadriel, Eowyn, and other Tolkien characters.

Embracer handles over 100 studios, including Gearbox, Saber Interactive, and THQ Nordic.

Recently, Saudi Arabia invested $1 billion in Embracer, or about 8% of the company's shares.

Embracer's acquisition of Limited Run Games opens the door to new physical games.

Limited Run is recognised for collector's editions and helps smaller developers print their games.

Killing Floor, Maneater, and Rising Storm are some of Tripwire's most well-known works.

The publishing giant recently bought home karaoke system Singtrix and Teardown developer Tuxedo Labs.

Embracer has quietly grown its publishing organisation and controls Dark Horse.

"It's exciting that our company is a favourite buyer of growing Gaming and Entertainment companies."

The five acquisitions reported today cost $577 million upfront, and Embracer has a sixth mystery buy.

Embracer's buying spree comes months after its plan to acquire Square Enix's three Western game studios.

Sony bought Bungie for $3.6 billion, and Take-Two bought Zynga for $12.7 billion.

Additionally, Microsoft is in the process of paying $68.7 billion to acquire Activision Blizzard.