Cloud Imperium, the studio behind Star Citizen and Squadron 42, has obtained another $46M in funding from the Cloud Imperium Group private investment organization. According to Gamasutra, the funds will be used for promotion and development of Squadron 42, though some may be "funneled into Star Citizen and various business development initiatives".
The investment was led by the father-and-son duo of Clive and Keith Calder, specifically by Clive Calder’s family office and Keith Calder’s Snoot Entertainment.
Clive Calder is best known for founding the independent music company Zomba, while Keith Calder is a film producer whose company has powered films like Blindspotting and Anomalisa. While the pair notably made a name for themselves in entertainment outside of video game development, Cloud Imperium co-founder Chris Roberts notes in a press release that both Clive and Keith Calder are “like-minded partners” that he says will help fund the marketing and release of Squadron 42 staying “attuned to what makes us special.”
The new funding initiative represents about 10% of the total amount collected for the development of Star Citizen and Squadron 42 ($496M). In addition, two new board members have joined, though Chris Roberts "retains full control of the Board and Group".
Read the full report at Gamasutra.
