So the maximum number of copies sold for the 1.70 value is 13,333,333 / 41.96, which is 317,762.94 copies. I'm just making a simple estimation based on the values provided in the open circular found here: https://www.sec.gov/Archives/edgar/data/1658966/000121390016017011/f1a1215a5_figpublishing.htm. The Psychonauts 2 Fig ultimately pulled in $3,829,024, an impressive amount of money by any measure but still well short of the $13 million that Double Fine … As a result, although we intend for the Game Shares to track the performance of our Pub Subs, we cannot provide any guarantee that the Game Shares will in fact track the performance of each such Pub Sub and that a particular series of Game Shares will not be subject to a disproportionate share of the burden of any non-performing Game Shares, whether or not included in the assets attributed to such series, and will not be attributed a disproportionate amount of our general liabilities, costs and expenses. That stock doesn't have any rights beyond that of being paid a dividend, and importantly: you are not buying equity in either Grasslands or Double Fine. There is a cap set in the agreement that can require discussion—but to give an example in Psychonauts 2's case that was set at 15 million. This type of offering (which Fig is using) requires that the SEC approve your offering materials before the offering begins, provide financial statements and other potentially-costly regulatory compliance. This is something no one, not in FIG, Double Fine or anywhere else really knows. While we're on the topic of varying revenue shares, could you also explain the following line as well? ', The 30% is intended to be a minimum dividend amount, and we'll actively monitor our business conditions to see if we can dividend more than the minimum, but obviously no guarantees. Last year, FIG was founded along with it's parent company and set up a team of advisors that reads like a who's who of big Kickstarter successes company-wise. Unlike Steam in particular, where a developer can just tell Valve they want any amount of codes and then retail them from their site or third party portals or give to backers, consoles want a cut from every sale. All investors now, both accredited and nonaccredited, will receive Tracking Stock in FIG, which is tied to the FIG Grasslands division and will be reliant on the performance of Psychonauts 2. That's a high estimate, even. I don’t know the exact charge of it, but from what I’ve heard around, $18 sounds in the neighborhood one would expect there. 350.127 / (1.13 / 6,000) = 1,859,081 copies, which, when added to the previous total, is 2,176,844 copies. Console Gaming Content Jan 7th was tentatively set as the end date to the campaign before it started. E3 Coverage, Haven's PS4 and Switch Versions Were Delayed Due to COVID-19, Multiple Platforms, 15 Versions, 14 Developers, Lego Universe Emulator Enters Talks with LEGO to Legitimize Project, Apex Legends Clubs Bring Clans to Season 7, Mike Zaimont Suspended from Working on Guilty Gear Netcode Update, Lab Zero Founder Must 'Resolve the Allegations Against Him in Good Faith', government ran cases like Washington State’s. Kurz June 21st, 2020 No Comments 156 views Videos. There is another piece of context here that is key as well. They are trying something really new with this crowdfunding plus publishing set up that may or may not be able to become a sustainable company. Grasslands is a wholly owned subsidiary of FIG Publishing and enters into a license agreement with the developer, Double Fine, which sets the terms of the agreement regarding the project getting funded. These rules go into effect first quarter 2016, I believe. The amount 1 share would payout for out the 317,762.94 copies is 317,762.94 * 1.70 / 3,600 = $150.05. All in! The first release of Psychonauts was on April 19, 2005. Not that this will ever happen, but it makes a system that already seems completely rigged against investors look even more greedy. Second: The fact that there was always this plan for January 12th is clearly bogus revealed there. There is also the fact that Double Fine is developing their first VR game with part of another team right now as an interquel and the costs and challenges for a VR launch are something they will be learning. Much like IP investors only own a share of the profits from the sale of the game, not anything else such as spinoffs, or in this case DLC. Manage Cookies / Privacy Policy, Write for TechRaptor In fact, they outright state that Conflicts of Interest may exist and may not be resolved in the share holders favor, which is more of the cover your ass stuff that is mandatory here in these types of documents, but here’s one of the sections from there that is pretty representative of that tone: Our officers and our Director may have a conflict of interest or appear to have a conflict since our officers are also officers of our Parent and our Director is also a director of the Parent. In both cases, a staggering amount of copies need to be sold just to break even! Gamer made game news, game guides and game reviews. Psychonauts 2 Get Started! The Parties involved: Loose Tooth (the parent), Fig Publishing (FIG), Grasslands (The Pub Sub, which is the term for the publishing subsidiary that FIG uses for a particular project—each one will have it's own "pub sub"), Double Fine, Rewards Backers, and Investors. I feel really really bad for anyone who invests in this game. Psychonauts 2 Fig Campaign Pitch Video. The bad blood out there for Schafer may prevent it from reaching its full potential though. Write a review, article or post a video, pictures to earn royalty. Title III of the JOBS Act – true equity crowdfunding – this section of the JOBS Act allows for crowdfunding from anyone, up to certain dollar amounts for individuals, through designated crowdfunding platforms. Myths. I've heard of corporations withholding dividends so they can invest in the company itself, even if it's not in financial trouble. offering under this exemption allows you to avoid costly registration and ongoing regulatory Privacy Policy for Onono,  Facebook Would Fig be able to withhold dividends to fund itself even if it's not in financial trouble? The game will continue[…], As part of the TGA 2018, Double Fine Productions has decided to report on the development of the sequel to[…], Agent Razputin, whom we all used to call Razputin, has finally become a real psychonaut, but rest on your laurels[…], In December 2015, Tim took a risk and published a crowdfunding campaign to continue his masterpiece on Fig.com. In essence, FIG is the co-publisher for the game via its subsidiary that the money for investments is put in and handles things like promotion, store access, and other traditional publisher duties. Double Fine’s plan for Psychonauts 2 has basically the FIG crowdfunding and investing making up about one third of the budget they said they’ll need for Psychonauts 2. Visit esrb.org for rating information, We’re making Psychonauts 2, but we need your help! The company sought $3.3 million in funding for the game, which represented approximately one-third of the planned development costs, and would augment money being put in by Double Fine and a third-party investor. Double fine has shown that they are putting in money of their own in their campaign, though some people are missing that. Misconceptions. Psychonauts 2 and the FIG venture carry risks with them. This is starkly different from Kickstarter and Indiegogo’s Terms of Use, which require a best faith effort and explanations if it’s not possible and returning any funds that remain. I don't think this game will sell any more than 500,000 copies at $60. Indie Gaming Content As reported by Destructoid, a message sent to Psychonauts 2 Fig investors states that payments will arrive in mid-September, with every $500 share receiving a 139% return -- … This isn’t how FIG is working and we’re going to simplify a bit here so that we don’t end up in a giant chart of convolution because FIG is doing something a bit different. It states that revenue shares would only be minimized if Fig felt it is needed to minimize some material adverse effect, but I don't quite understand what "material adverse effect" means exactly. Psychonauts 2 - Fig Campaign Trailer videoPsychonauts 2- Trailer Check out this new trailer for Psychonauts 2, which shows us 211 from the upcoming adventure/platform We’re making Psychonauts 2, but we need your help! Kurz June 21st, 2020 No Comments 156 views Videos. There’s more that can be asked, but at this point we’re getting pretty long, and so I’ll close it here as I think I’ve addressed many of the most common questions about the Psychonauts 2 campaign. It’s not illegal but it isn’t good either. You’ll access new mental worlds as Raz peeks inside the minds of a host of new characters who need his help to combat their inner demons and unravel their deep-seated emotional issues.

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