Embracer Group has announced that Valheim has sold near 3 million copies since its launch on February 2, plus many other details such as a video game archive. They also announced that 150 games are now in development versus 98 games three months ago. SEK 523m has also been invested in ongoing game development versus 445m in Q3 2020, and SEK 156m in "completed games value with launch quarter net sales of SEK 272m. As of right now, the launch quarter ROI (return on investment) is 174%, which is pretty nice.
There's also 113 development studios under the Embracer umbrella, which includes companies such as Gearbox Software and Flying Wild Hog, with around 4,300 game developers in total. Embracer notes that their sales are "mainly driven by strong back catalogue perfomance" with titles such as Satisfactory, World War Z, Deep Rock Galactic, Metro Exodus, and Spongebob Squarepants: Battle for Bikini Bottom Rehydrated noted as "quality first strategy paying off".
Embracer announced that they will be building a games archive in order to "preserve and document the video games heritage for both internal and external shareholders." This will include 50,000 pieces of games, consoles, peripherals, and arcades, with many of the items in the museum either being extremely rare or essentially unique items. The archive will be located in Embracer Group's HQ in Värmland and they are thinking of perhaps doing satellite exhibits of the archive for their companies and eternal parties worldwide.
In a press release, Lars Wingefors, the Co-founder and CEO of Embracer Group, stated that they currently only represent about 1 percent of the gaming industry, which is something they want to change with mergers and acquisitions bringing companies such as The Gearbox Entertainment Company, Easybrain, and Aspyr Media to the fold. We'll see how it goes.
If you would like to see more, check out the EmbracerInvestor Twitter page here. For more information on Embracer Group going forward, stay tuned to TechRaptor.
