THQ Nordic Parent Company Embracer Has Over 118 Titles in Development, 69 Unannounced - News
by William D'Angelo , posted on 08 July 2020 / 1,898 Views
The parent company for THQ Nordic, Embracer, in the latest financial report for the full fiscal year ending March 2020 announced they have over 118 games in development, including 69 unannounced games.
Embracer owns a total of 26 studios and are parent company to many publishers, including THQ Nordic, Deep Silver and Coffee Stain. They have have studios that work on external games that they won't publish. This includes the NBA 2K Playground series, which is published by 2K Games.
"I genuinely believe that we have one of the industry’s most exciting pipelines of upcoming games, engaging over 3,000 game developers across the world," said Embracer CEO and founder Lars Wingefors. "We believe this will drive significant organic growth in revenue, operational EBIT and cash flow in the Games business area in the coming years.
"With the acquisition of Saber Interactive, the Group currently has over 118 games under development including 69 still yet to be announced titles.
"We expect substantial growth in the current financial year driven by a large number of high quality releases, for which we are excited to the reception among gamers. We expect the value of completed games will more than doubles from SEK 589 million to SEK 1,200- 1,400 in the current financial year ending March 31, 2021. This growth will be underpinned by recent and upcoming new game releases such as Biomutant, Chorus, Deep Rock Galactic, Destroy all Humans!, Iron Harvest, MotoGP 20, Ride 4, Snowrunner, Wasteland 3, WWE2K Battlegrounds (in collaboration with 2K) and a host of other titles that have not yet started their marketing campaigns."
"On top of this, we expected a solid performance from our back catalog supported by strong demand for many of our beloved franchises, including Darksiders, Dead Island, ELEX, Goat Simulator, Kingdom Come Deliverance, Metro, Monster Energy Supercross, MX vs ATV, Remnant: From the Ashes, Satisfactory, Saints Row, Wreckfest and World War Z, among others."
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
