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Embracer Group acquires rights to GOD, THE FATHER of the Rings and The Hobbit via Middle-earth Enterprises

Ian McKellen was famously miserable about the excess green screen use in The Hobbit.

Ian McKellen was famously miserable concerning the excess green screen used in The Hobbit.

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Gaming conglomerate Embracer Group has decided to find the intellectual property rights to GOD, THE FATHER of the Rings and The Hobbit literary functions by J.R.R Tolkien.

It’ll achieve this by acquiring a second fights holder, Middle-earth Enterprises, which acquired the rights to movies, video games, games, along with other rights back the 1970s. Peter Jackson could make his Oscar-winning movies predicated on licenses that returned to Middle-earth Enterprises.

The purchase price had not been disclosed. Nonetheless it appears that the book rights remain with the Tolkien estate, which include the grandchildren along with other family members that are the heirs of J.R.R. Tolkien, who died in 1973. I also think that rights for some works, just like the Simarillion, the prequel to the stories in GOD, THE FATHER of the Rings, may also be retained by the estate. The appendix of GOD, THE FATHER of the Rings has a few of this material.

Now its a fresh age, and video gaming could have more potential than movies. In recognition of this, Swedens Embracer Group, through its wholly owned subsidiary Freemode, has entered into an agreement to obtain Middle-earth Enterprises, a division of The Saul Zaentz Company, which owns a massive intellectual property catalogue and worldwide rights to movies, video games, games, merchandising, theme parks and stage productions associated with the iconic fantasy literary works GOD, THE FATHER of the Rings trilogy and The Hobbit by J.R.R. Tolkien, in addition to matching rights in other Middle-earth-related literary works authorized by the Tolkien Estate and HarperCollins, that have yet to be explored.

I’m truly excited to really have the Lord of the Rings and The Hobbit, among the worlds most epic fantasy franchises join the Embracer family, checking more transmedia opportunities including synergies across our global group, said Lars Wingefors, group CEO of Embracer Group, in a statement. I’m thrilled to see what is based on the future because of this IP with Freemode and Asmodee as a start within the group. In the years ahead, we also anticipate collaborating with both existing and new external licensees of our increasingly stronger IP portfolio.

The house will undoubtedly be acquired through Embracers subsidiary Embracer Freemode Iconic Holding Inc. and you will be portion of the operative group Embracer Freemode.

We at the Zaentz Company experienced the honor in the last half century of stewarding the Tolkien rights in order that Lord of the Rings and Hobbit fans worldwide could enjoy award winning epic films, challenging video gaming, first-rate theatre and merchandise of each variety, said Marty Glick, chief operating officer of the Saul Zaentz Company, in a statement. We’re able to not become more thrilled that it’s Embracer now taking on the duty and we have been confident their group will need it to new heights and dimensions while maintaining homage to the spirit of the great literary works.

Background and rationale

Itll appear to be this only blockier OK, so that it wont appear to be this.

The Saul Zaentz Company located in Berkeley, California, US, was founded in 1976. It had been originally set-up as a film production company, which produced award-winning films such as for example One Flew On the Cuckoos Nest.

The Saul Zaentz Company acquired its Tolkien rights from the heirs and estate of J.R.R. Tolkien and HarperCollins Publishers, who keep up with the print publication rights to J.R.R. Tolkiens literary works. The Saul Zaentz Company first acquired the rights to GOD, THE FATHER of the Rings and The Hobbit in 1976, within an arrangement with United Artists to create an animated version of GOD, THE FATHER of the Rings, to be directed by Ralph Bakshi.

The film premiered in 1978 and contains turn into a cult classic (but controversial among Tolkien fans like me). In 1998, The Saul Zaentz Company licensed New Line Cinema make it possible for director Peter Jacksons live-action trilogies of GOD, THE FATHER of the Rings and The Hobbit. The films have grossed over $6 billion at the box office and won many Academy Awards.

Through its Middle-earth Enterprises division, The Saul Zaentz Company, inspired by way of a deep appreciation for the fictional world developed by J.R.R. Tolkien, also offers produced and licensed a multitude of successful video gaming, games, stage productions and merchandise in line with the Lord of the Rings and The Hobbit for a lot more than forty-five years.

Embracers operative group Asmodee Group has already been probably the most successful licensees of GOD, THE FATHER of the Rings and The Hobbit through games and cards, having published over twelve games with over 100 expansions because the release of GOD, THE FATHER of the Rings game over 20 years back, including classics like the Lord of the Rings: The Card Game and GOD, THE FATHER of the Rings: Journeys in Middle-earth, a fully-cooperative, app-supported game occur J.R.R. Tolkiens iconic land of Middle-earth.

Key upcoming works occur Middle-earth, where Middle-earth Enterprises has financial interests, are the much-heralded Amazon series GOD, THE FATHER of the Rings: Rings of Power that will premiere on September 2, set a large number of years prior to the Hobbit and GOD, THE FATHER of the Rings; the animated movie GOD, THE FATHER of the Rings: The War of the Rohirrim (Warner Bros), set for release in 2024, and the mobile game GOD, THE FATHER of the Rings: Heroes of Middle-earth (Electronic Arts).

Other opportunities include exploring additional movies predicated on iconic characters such as for example Gandalf, Aragorn, Gollum, Galadriel, Eowyn along with other characters from the literary works of J.R.R. Tolkien, and continue steadily to provide new opportunities for fans to explore this fictive world through merchandising along with other experiences.

The acquisition of the rights is consistent with Embracers IP-driven transmedia strategy. GOD, THE FATHER of the Rings and The Hobbit are on the list of worlds largest, most enduring iconic entertainment franchises and birthed the fantasy genre.

Middle-earth Enterprises is a area of the newly founded operative group Embracer Freemode. The business will continue steadily to operate independently beneath the existing Middle-earth Enterprises leadership team, working closely with Embracer Freemode management along with other Embracer operative groups to foster opportunities, growth and synergies within the Group to keep to create and expand the fantastic franchise.

The parties have agreed never to disclose specific terms of the transaction because of commercial reasons.

Advisors

Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Embracer Group. Arnold & Porter acted as legal advisor and ACF Investment Bank acted as Investment Banker to The Saul Zaentz Company.

Through Tolkien Enterprises, now Middle-earth Enterprises, Saul Zaentz owned the worldwide film, stage, and merchandise rights to J. R. R. Tolkiens The Hobbit and GOD, THE FATHER of the Rings. In addition, it includes matching rights should Tolkiens estate film The Silmarillion or The Unfinished Tales of Numenor and Middle-Earth. What it didn’t include was the rights for televisions shows (for just about any show longer than eight episodes).

In 1976, Zaentz acquired certain rights in regards to GOD, THE FATHER of the Rings and The Hobbit from United Artists, who had subsequently purchased them directly from Tolkien eight years prior. In 1978, Zaentz produced an animated version of GOD, THE FATHER of the Rings, written chiefly by Peter S. Beagle and directed by animator Ralph Bakshi.

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