Former Take-Two CEO’s New Blockchain Game Publisher Wants the Next ‘Grand Theft Auto’

Former Take-Two CEO’s New Blockchain Game Publisher Wants the Next ‘Grand Theft Auto’

Former Take-Two CEO Kelly Sumner is looking for the next big game. But rather than investing hundreds of millions, his blockchain-based video game publisher Planet Digital Partners is targeting mid-level games often ignored by big publishers.

“Electronic Arts, Take-Two, Activision ($ATVI), etc., they are spending hundreds of millions of dollars on a game, expecting to be … getting billions. And the kind of middle, where there’s sort of really good, exciting games, isn’t there,” Sumner told Cheddar Friday.

Planet Digital launched a Security Token Offering on Thursday with the goal of democratizing game development and funding alternative games. The company is offering 38 million “Rocket Tokens” at $1 per token to accredited investors. Sumner said he expects investors will be paid dividends as soon as the first quarter of 2020.

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By |2019-02-13T14:20:51-05:00February 13th, 2019|Press|