The landscape of major gaming intellectual property is about to undergo a massive shift. The Embracer Group has announced plans to split into two distinct entities by 2027: Fellowship Entertainment and Embracer. While the split will reorganize how assets are managed, it may provide a much-needed lifeline for several dormant cult classics.

A New Era for Fellowship Entertainment

Under this new corporate structure, Fellowship Entertainment will hold the majority of the publisher's most prestigious video game IP. This division is expected to focus heavily on massive global brands like The Lord of the Rings and Tomb Raider.

However, the restructuring isn't just about the heavy hitters. Embracer chair Lars Wingefors has indicated that there is significant room for other legendary titles to find new life under this arrangement.

Reviving Iconic Gaming Franchises

Wingefors explicitly told investors that the company intends to seek external partners to help manage and develop several "well-known IP" holdings. This strategy could potentially bring back franchises that fans feared were lost to corporate restructuring. Notable titles mentioned include:

  • Deus Ex
  • TimeSplitters
  • Saints Row
  • Legacy of Kain
  • Red Faction
  • Thief
  • The Mask

Beyond these, the company is looking at potential partnerships for AAA franchises such as Kingdom Come: Deliverance, Dead Island, Darksiders, Remnant, and Metro.

The Path to Recovery for Deus Ex and Others

The prospect of a revival is bittersweet for many fans. The most recent attempt to reboot Deus Ex ended in disappointment when the project was canceled during Embracer's aggressive 2024 cutbacks. This period of downsizing saw over 100 developers laid off from Eidos-Montreal, the studio behind the series.

The outlook for other titles has been equally uncertain:

  • Saints Row: In February 2026, director Chris Stockman expressed doubt regarding the franchise's future, stating he believed the series was effectively dead after Embracer "ghosted" his attempts to revive it.
  • Development Stability: The shift toward a partner-based model suggests that Embracer may no longer attempt to develop these massive IPs in-house, opting instead to license them to studios with more stable resources.

As the 2027 split approaches, the industry will be watching closely to see if this partnership-driven approach can finally resurrect Deus Ex, TimeSplitters, and the other legendary names currently sitting in limbo.