Fig Announces Positive Investor Returns for the Second Straight Year

This was a significant year for Fig Publishing, Inc., as 2018 marks the second straight year we’ve posted positive returns for our investors, as well as a positive average return across all our Fig Game Shares for released games! Not only have we been the first to pay returns based on video game revenue sharing to public, non-accredited investors, thanks to our Regulation A Fig Game Shares, but we have also shown the capacity for a larger number of games to find critical and commercial success by leveraging Fig campaigns. We believe that changing the way fans participate in the success of games through investment takes time, and the past year has continued to show that this concept can be successfully executed — bringing great new games to the public that might not have been made otherwise, while providing returns to fans who choose to take on a financial risk. As part of this process, we are releasing information on the investment returns that have accrued through December 31, 2018 on all our Fig Game Shares for released games:

The average return across all the above Fig Game Shares was about 104% (or a 4% return on investment), meaning that an investor who put the same amount into each of the above Fig Game Shares would have accrued an average return of about 104% (or a 4% ROI) through December 31, 2018. Of the 11 games listed above, so far 5 have generated positive returns, 6 have returned less than breakeven, and 8 are still generating revenue for Fig and Fig’s investors.

We are also extremely excited to announce that investors in Fig Game Shares — Phoenix Point have already accrued, through December 31, 2018, returns of 191% (or a 91% ROI)! This represents one of the two scenarios where holders of a particular series of Fig Game Shares benefited from deals signed by the developer with third parties. The Phoenix Point deal included upfront payments that provided additional resources and support for game development, and also generated significant returns for fans of the game who showed their support as Fig investors. We can’t wait to see the improvements and quality upgrades coming to Phoenix Point, and ultimately believe that investors will continue to participate in the financial success of the game, and that fans and investors both will enjoy the great gameplay, stunning visuals, and immersive world building that game’s developer, Snapshot, is creating.

The second such deal was for Virgo vs the Zodiac. As part of that deal, we sold our rights to the game and generated a return of 130% (or a 30% ROI) for investors in “Fig Game Shares — Virgo”. We feel that the developer’s unannounced partner will be able to provide support and exposure for this game beyond what would have been possible previously, and that both fans and investors will benefit from the final result.

Smaller indie projects like Etherborn and What the Golf? have also picked up a lot of momentum since their Fig campaigns last year, and both have signed with FoxNext’s (20th Century Fox’s) indie games fund! Both Fig and the developers of these games are incredibly excited for the added support and resources for these titles. 2018 also saw many of our other titles pick up additional publishers and partners, which has opened the door to significant opportunities for these developers and their games. We are proud to give our developers the flexibility to work with additional external partners, and believe that both the quality and market potential of these games will benefit as a result.

The diversity of our launched games increased dramatically in 2018, with heavy hitting titles like Pillars of Eternity II: Deadfire, as well as indie games like Little Bug, Solo, Pig Eat Ball and Flash Point: Fire Rescue. Although returns to date for Fig Game Shares — Pillars of Eternity II have not broken-even, our licensing agreement will continue to provide the opportunity for investors to increase their returns as the game continues to sell. Since Obsidian continues to provide updates and support for the game, including the incredibly well received turn-based mode announced in early 2019 (sales of which are not yet reflected in the returns listed above), Pillars 2 has the potential to generate value long into the future. Both critics and fans have praised Pillars 2 for continuing to raise the bar for modern party-based RPGs, and we expect it to continue to stand out as a premier example of quality for both the series and the genre as a whole. This game would not have been possible without the support of our investors and backers!

Games released in 2017 have also continued to generate sales through the past year. Most notably, additional sales of Solstice Chronicles: MIA have increased returns for “Series SC: MIA shareholders”, from an accrued return of 104% (or a 4% ROI) through December 31, 2017 to a cumulative accrued return of 143% (or a 43% ROI) through December 31, 2018. For all of our released games that have not completed revenue sharing with Fig, we expect continuing sales through the duration of our agreements, although the financial significance of these future sales may vary.

In terms of our campaigns conducted in 2018 for games that have not yet been commercially released, we are thrilled to have added stand-out titles such as Drastic Games’ rhythm-based dungeon crawler Soundfall and NerdRage’s atmospheric sci-fi adventure Xenosis: Alien Infection to our family! We believe 2018 has been an important year for cultivating the success of existing developers and games that have been funded on our platform. Our mission has always been to enable creative risk-taking for developers and to provide the opportunity for financial participation by the fans who support them.

There are many more exceptional Fig campaigns and game launches coming up in 2019. We are especially excited for the release of some of our larger-budget titles, such as Double Fine’s Psychonauts 2, inXile’s Wasteland 3, and our former title Mobius Digital’s Outer Wilds, all currently scheduled for later this year. We look forward to another year of bringing our community fantastic games and continuing to democratize game publishing! For more information on our current games and investment offerings, check out

About Fig Publishing, Inc.

We create Fig Game Shares for each game that we co-publish, and investors can purchase Fig Game Shares during Fig’s campaign for the associated game. Fig Game Shares generate returns for investors based on Fig’s revenue share from the associated game. When we get revenue from sales of the game, or other sources, including buyouts, investors get returns! Fig is democratizing video game publishing by inviting members of the gaming community to financially support the development and release of games they love. Fans can back a game’s campaign on Fig to get exclusive rewards, or invest in Fig Game Shares to earn returns based on game sales. Fig Game Shares are available to accredited investors, and to non-accredited investors when we issue Fig Game Shares under the SEC’s Regulation A+ (part of the JOBS Act). Since Fig’s inception, Fig has conducted 4 of the top 10 most funded video game campaigns: Obsidian’s Pillars of Eternity II: Deadfire ($4.4M), Psychonauts 2 ($3.8M), Wasteland 3 ($3.1M) and Phoenix Point ($766K).

Important Message

In regard to any securities offered under Regulation A+, no money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy such securities can be accepted and no part of the purchase price can be received until the offering statement relating to such securities is qualified by the U.S. Securities and Exchange Commission, and any such offer to buy may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. An indication of interest involves no obligation or commitment of any kind.

This communication contains forward-looking statements that involve a number of judgments, risks and uncertainties relating to Fig’s business, results, plans and prospects. Actual outcomes may differ materially from those described, for a number of reasons, including those discussed in the “Risk Factors” sections of documents filed by Fig with the SEC and available publicly on the EDGAR portion of the SEC’s website at We undertake no obligation to update any forward-looking statements, except as may be required by law.