Media: Abu Dhabi authorities to allocate $100 million for a new "Lord of the Rings" game

The Abu Dhabi Investment Office (ADIO), a sovereign wealth fund from the UAE, is preparing to finalize a major video game deal, according to sources from Insider Gaming. They claim that the fund has decided to invest approximately $100 million in the development of a third-person action game set in the “Lord of the Rings” universe.

As reported by Insider Gaming, the game’s development will involve the Swedish holding Embracer Group, the studio Revenge, and several other teams—their names have not been disclosed. It is Embracer Group that currently holds the rights to “Lord of the Rings” games. The holding acquired these rights after purchasing Middle-earth Enterprises in 2022 for $396 million.

If the publication’s information is to be believed, ADIO has been in negotiations with developers since last year, but a final agreement has yet to be signed. However, it is anticipated 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 other details about it have been revealed.

Representatives from Embracer Group and Revenge declined to comment on Insider Gaming’s information.