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Embracer’s Warhorse Studios to develop game set in the world of Lord of the Rings

By Thomson Reuters May 20, 2026 | 5:38 AM

By Vera Dvorakova

May 20 (Reuters) – Warhorse Studios, owned by video game group Embracer, is developing an open-world role-playing game set ​in the world of the Lord of ‌the Rings, Embracer’s chief executive said on Wednesday.

The game will be set in the fictional world of Middle-earth, CEO Phil Rogers said in a post-earnings call.

“Just ‌thinking ​about one of the biggest ⁠and most beloved ⁠IPs in the world being developed here in Prague is honestly mind-blowing,” Warhorse Studios’ communications director Tobias Stolz-Zwilling said in a LinkedIn ​post.

The Czechia-based studio is also working on another game in its Kingdom Come: Deliverance ⁠franchise, Rogers said.

The franchise’s ⁠previous title, “Kingdom Come: Deliverance II”, won ​a BAFTA game award for best narrative and PC ​Gamer magazine’s Game of the Year for ‌2025. Its sales surpassed 5 million copies within the first year of release, Embracer said in its third-quarter report in February.

Rogers did ⁠not specify a development timeline for either of the games. Warhorse Studios declined to comment when contacted ⁠by Reuters.

Embracer ‌said on Wednesday it was planning ⁠one more spin-off after last year’s three-way ​split.

Kingdom ‌Come: Deliverance, together with Embracer’s other ​flagship IPs ⁠like the Lord of the Rings, will become a part of the newly formed Fellowship Entertainment, set to be listed in Stockholm in 2027.

(Reporting by Vera Dvorakova in Gdansk; editing by ​Milla Nissi-Prussak)