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Embracer Group has 69 unannounced titles in the works

Embracer Group has 69 unannounced titles in the works

THQ Nordic parent company Embracer Group has revealed that it has 118 games in development at the moment, over half of which have not been announced.

In its report for the financial year ending March 31st, 2020, the European games firm said that 69 of its projects are yet to be revealed. Overall for the year, Embracer's games arm saw a 31 per cent in sales, bringing in kr3.2bn ($331m) for the period, driven by the likes of Darksiders Genesis and Monster Energy Supercross 3, as well as the Sam's Story DLC for Metro Exodus.

This increase in sales is in part due to people buying games during the COVID-19 coronavirus pandemic. 78 per cent of units shifted this year were digital.

"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," CEO Lars Wingefors (pictured) said.

"We believe this will drive significant organic growth in revenue, operational EBIT and cash flow in the games business area in the coming years."

This follows the company landing $164m in investment to make further acquisitions. Speaking of purchases, Embracer snapped up World War Z maker Saber Interactive as well as Let's Sing developer Voxler in February of this year


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Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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