Snoot Entertainment

Snoot Entertainment is one of Cloud Imperium Games investors.

Keith Calder and Jess Wu Calder co-founded Snoot Entertainment in 2004 to develop, finance, and produce film and television across all genres and media.

It first invested in 2018, in exchange for just over 10% of the company.

On March 27, 2020 CIG announced that existing investors – the Calder Family Office, Snoot Entertainment, and ITG Investment – had exercised a one-time option to purchase further shares in the company. The share prices reflect a discounted option price for existing shareholders that was pre-negotiated at the time of the initial investment in 2018. There were no changes to the Board composition as a result of this transaction. Chris Roberts continues to maintain full control of the Board and Group.

Dan Offner was appointed by Clive and Keith to represent them. Chris Roberts met him when he was at Oculus. He was helping Clive and Keith as far as advising them on the investment, and so they’ve appointed him to be their board representative.

Marc Nitsche replaced Dan Offner on June 27 2019.