Embracer’s acquisition of Gearbox leaves all Homeworld 3 investors without potential profit
Developers of upcoming RTS Homeworld 3 have been collecting donations on crowdfunding platform Fig since 2019. However, all investment reservations were cancelled after publisher Gearbox was acquired by Embracer Group.
A few days ago, one of the Homeworld 3 backers shared an email sent to the game’s investors on Reddit. According to Fig, investment reservations were cancelled due to “recent changes at Gearbox.”
“Fig will no longer be collecting investment reservations for Homeworld 3, and all investors that placed an investment reservation in Homeworld 3 will not have that investment collected,” the message reads.
For those who never heard of Fig, it is a crowdfunding platform for video games. Unlike Kickstarter, it lets people not only back the development for rewards but also invest in certain titles. It means that backers who bought shares in the game will be able to collect a portion of future revenues.
Fig CEO Justin Bailey told GamesIndustry.biz that the message from Reddit was authentic. He also noted that people who wanted to invest in Homeworld 3 won’t lose any money because it was “just a reservation process.”
So, the game’s investors have only reserved the opportunity to buy some shares. Usually, developers contact backers after the reservation stage and allow them to invest money in the game. However, Homeworld 3 backers won’t be able to see the title’s future revenues.
It seems that the reason behind the cancellation is the acquisition of Gearbox. Swedish holding Embracer Group bought the company for up to $1.38 billion earlier this year. “In the case of Homeworld 3 and Gearbox, the acquisition took place after the reservation process but before the investment process,” Bailey explained to GamesIndustry.biz.
It is worth noting that this situation won’t affect backers who chose traditional crowdfunding bundles (and not the investment reservation). The developers of Homeworld 3 have already collected more than $1.5 million during the campaign, and the game is expected to come out in 2022.
