Depends on the private holder. Look in example to Valve (Steam), who are a private company and do well and good for themselves, the gaming industry and their fans (relative speaking for the most part).

But a super rich Saudi Arabia people and Kushner, Affinity Partners' CEO and the son-in-law of President Trump connection, I don't know man. BTW its not just one owner, as I understand. The difference to stockholders is, that a few people who don't understand videogames have direct power and control over the company, while stockholders are many little.