Star Citizen Adds Investor; Squadron 42 Beta in 2020

A new Letter from the Chairman on the Roberts Space Industries Website has word 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:
So, 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.
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Re: Star Citizen Adds Investor; Squadron 42 Beta in 2020
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Re: Star Citizen Adds Investor; Squadron 42 Beta in 2020 Dec 21, 2018, 09:16
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