MGM loses Tomb Raider film rights, bidding war begins

MGM loses Tomb Raider film rights, bidding war begins


If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Rights holder GK Films considering offers from several Hollywood studios, Alicia Vikander no longer starring as Lara Croft

The movie rights for Tomb Raider are currently up for grabs, after MGM failed to greenlight a sequel.

TheWrap reports that the Hollywood giant had until May 2022 to approve a new Tomb Raider film, but its failure to do so means it has lost the rights to the IP.

Multiple anonymous sources have told the site there are several movie studios now bidding for the property.

The film rights reverted to GK Films, which acquired them in 2011 from Square Enix and produced the 2018 film based on the 2013 reboot of the game franchise.

GK Films is now considering the offers from other studios.

The 2018 Tomb Raider film earned just shy of $275 million at the global box office, and starred Alicia Vikander as Lara Croft.

However, Vikander is reportedly no longer attached to the series, with TheWrap’s sources claiming the next film will be a complete reboot.

The news follows Embracer’s acquisition of the Tomb Raider IP earlier this year when it purchased Crystal Dynamics, Eidos Montreal and Square Enix Montreal for $300 million.

Speaking to, Embracer Group CEO Lars Wingefors said film is an increasingly important area for the organisation.

“My belief is that gaming is a superior way of capitalising or monetising an IP in entertainment, but gaming is not necessarily always the best way to market an IP, and I think TV and film is a fantastic way of building an IP,” he told us.

“Combining them is highly interesting for us. With that said, we don’t have to own any film studios or film production companies, so now we’re trying to learn.”

Last year, Netflix and production company Legendary announced they are working together on a Tomb Raider animated series.

Meanwhile, Crystal Dynamics has already begun work on a new Tomb Raider game built in Unreal Engine 5. logo


Subscribe to newsletters for the latest industry news.

Sign up using a ReedPop ID account.

GI Daily

A roundup of the day’s most popular articles.

GI Market Report

Analysis and data about the global games industry.

More News

  • Image for Sony says Microsoft’s ownership of Call of Duty could influence console buyers in the future

  • The PlayStation Plus promotion on PS5

  • Image for PlayerUnknown Productions hires David Polfeldt

  • Steam and Epic Games logos against the Indonesdian flag

Latest Articles

  • Image for Sony says Microsoft’s ownership of Call of Duty could influence console buyers in the future

  • Image for Google AdMob adds Pangle as a bidding partner

  • Image for Moo Yu on finding the heart in game development

  • Image for Sony scrapping PS5 accolades this autumn due to lack of use


Read More

Latest news

Intuitive Machines moves landing site of first mission to lunar south pole

WASHINGTON — Intuitive Machines is moving the landing site for its first lunar lander mission to the south polar...

SpaceX launches Hispasat’s Amazonas Nexus communications satellite

TAMPA, Fla. — SpaceX successfully launched the Amazonas Nexus telecoms satellite Feb. 6, which will fuel Spanish operator Hispasat’s...

Cash-rich EchoStar to take on global IoT market next year

TAMPA, Fla. — EchoStar Corporation, a U.S. operator with around $1.6 billion in cash, is preparing to disrupt the...

CACI to collaborate with U.S. Army on space technologies

WASHINGTON – U.S. defense contractor CACI International announced Feb. 6 it signed an agreement with the U.S. Army to...
- Advertisement -spot_img

Busek ramps up production for OneWeb constellation

SAN FRANCISCO – In-space propulsion specialist Busek revealed its role in helping OneWeb recover from the sudden loss of...

Must read

- Advertisement -spot_imgspot_imgspot_imgspot_img

You might also likeRELATED
Recommended to you