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  1. Games

Embracer spins off Coffee Stain and 250 game studios under it, including devs of Satisfactory and Deep Rock Galactic, while rebranding The Lord of the Rings group

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By Kaan Serin published 22 May 2025

Fellowship Entertainment is still in charge of Lord of the Rings, Tomb Raider, Kingdom Come Deliverance, and more

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Lord of the Rings
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Embracer Group has once again restructured its gaming business and renamed the stewards of The Lord of the Rings.

Last year, the company infamous for endlessly eating up (buying) game companies before spitting them (shutting them down) back out again announced that it was splitting into three separate companies. There was Asmodee, responsible for table-top and card games, indie and free-to-play-centric Coffee Stain, and then the one responsible for its heavyhitters, Middle-Earth & Friends.

Embracer has now announced that Coffee Stain will be spun off as a separately listed company by the end of the year. "We're really proud of everything we've built as part of Embracer," Coffee Stain's CEO and co-founder Anton Westbergh says in a press release.

Article continues below
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"Now, as we take the step to become a separately listed company, it feels both exciting and, honestly, a little bit scary - but in a good way... We can now focus even more on what we do best, supporting our developers, staying close to our communities, and building an even brighter future for Coffee Stain."

Coffee Stain is somehow responsible for around 250 game developers and publishers, including Coffee Stain Studios (Goat Simulator, Satisfactory), Ghost Ship Games (Deep Rock Galactic), and Tuxedo Labs (Teardown). It also publishes survival sim hit Valheim, I should add.

Things aren't changing too much on the Middle-earth & Friends front, apart from the fact that the company is now called Fellowship Entertainment - probably because the old name sounded like Gollum was about to invade Sanrio. The company's still in charge of 40 'AAA' names, such as 4A Games (Metro), Crystal Dynamics (Tomb Raider), Eidos Montreal (Deus Ex), Warhorse Studios (Kingdom Come Deliverance), THQ Nordic, and, of course, J.R.R. Tolkien's The Lord of the Rings.

5 years after Avengers, 2 years after its last layoffs, and who knows how long before Perfect Dark and Tomb Raider return, Crystal Dynamics announces another round of layoffs

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Kaan freelances for various websites including Rock Paper Shotgun, Eurogamer, and this one, Gamesradar. He particularly enjoys writing about spooky indies, throwback RPGs, and anything that's vaguely silly. Also has an English Literature and Film Studies degree that he'll soon forget.

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