Embracer Group AB has announced its intention to separate the group into two publicly listed companies through a planned spin-off of Fellowship Entertainment, with a Nasdaq Stockholm listing targeted for calendar year 2027. Embracer said the stated rationale is increased management focus and clearer accountability, with Fellowship positioned as an IP-led entertainment company focused on game development, publishing, and licensing, and Embracer positioned as a leaner, more decentralized group. The company said that starting from Q1 FY 2026/27 it will report two distinct business segments—Fellowship Entertainment and Embracer—to increase transparency ahead of the proposed separation. Embracer also outlined the intended process, including a proposed distribution of shares to existing Embracer shareholders and customary approvals. The release includes illustrative historical net sales figures and headcount for each segment and provides an overview of governance and leadership preparation for the spin-off.
Official source: Embracer Group release
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