Letter from the Chairman on the Roberts Space Industries Website
that they have posted a
Squadron 42 - Roadmap
with a release schedule for the single-player Star Citizen
game. This says they expect Squadron 42
to reach the beta stage by the middle
of 2020, once you click though their caveats page with a length explanation of
why this will probably not play out as planned (to quote, "Internal Schedules
Tend To Have Aggressive Dates"). The letter goes on to explain they've taken on
a minority investor who has contributed about $46 million to the project in
exchange for a 10% share, and that these funds will be used to market the game.
This shows how the scope of this project has expanded, as the original Star
Citizen Kickstarter goal was $2 million. Here's a bit of the update:
it’s with this that I would like to announce that we have closed a minority
investment into Cloud Imperium US & UK, from Clive’s family office and Keith’s
Snoot Entertainment for $46M for approximately 10% of the shares in the Cloud
Imperium US and UK companies, which is a testament to the value, future
potential and longevity of the company.
As part of this process we’ve taken on two outside board members. The first is
Dan Offner, an experienced lawyer and entrepreneur with over twenty years of
experience in Interactive Entertainment, who is Clive and Keith’s board nominee
and second is Eli Klein, a long term friend who has been acting as an advisor to
the company over the past couple of years.
The control of the company and the board still firmly stays with myself as
Chairman, CEO and majority shareholder.
We wouldn’t have taken anyone on board if we didn’t feel that they were fully
aligned with our vision, philosophy and could add valuable insight in navigating
the business challenges ahead.
This investment helps secure our independence. We may not have the resources
that an Activision or EA have to launch one of their tentpole games, but we now
control our own destiny in marketing Squadron 42, especially as we have a secret
weapon: all of you! Between the power of the best community in gaming to help
get the message out and these additional funds we will be well positioned to
enable Squadron 42 to enjoy the success that it deserves.