Media: Abu Dhabi authorities to allocate $100 million for a new "Lord of the Rings" game
The Abu Dhabi Investment Office (ADIO) — a state fund from the UAE — is preparing to finalize a major video game deal, sources from Insider Gaming claim. According to them, the fund has decided to invest approximately $100 million in developing a third-person action game set in the universe of "The Lord of the Rings."
The Lord of the Rings: Gollum
As reported by Insider Gaming, the game's development will involve the Swedish holding company Embracer Group, the studio Revenge, and several other teams, whose names have not been disclosed. It's worth noting that Embracer Group currently holds the rights to "The Lord of the Rings" games. The holding acquired these rights after purchasing the company Middle-earth Enterprises in 2022 for $396 million.
If the publication's information is accurate, ADIO has been in talks with developers since last year, but a final agreement has yet to be signed. However, it is expected that the parties will officially announce the deal as soon as next week.
Insider Gaming noted that the new game is expected to compete with Hogwarts Legacy. No further details about it are available.
Representatives of Embracer Group and Revenge declined to comment on the information provided by Insider Gaming's sources.