Embracer snaps up the rights to 'The Lord of the Rings' and 'The Hobbit'

Embracer, the mega game publisher that's been snapping up new properties left and right, has made a deal to acquire the intellectual property catalogue and worldwide rights to various JRR Tolkien-related media and merch. To be precise, it will own the rights to "motion pictures, video games, board games, merchandising, theme parks and stage productions" based on the The Lord of the Rings trilogy and The Hobbit if the deal pushes through. It will also own the rights tied to any future literary work related to LOTR and The Hobbit that's authorized by the Tolkien Estate.