According to a listing on Heritage Global Partners’ website, the auction for 38 Studios’ assets will be held November 14th-15th.
The assets that will be auctioned off include those of 38 Studios’ cancelled MMORPG Project Copernicus, as well as the sequel and merchandising rights to Kingdoms of Amalur: Reckoning. Also up for auction will be IP rights to studio founder Curt Schilling’s Big Huge Games, including Rise of Nations, Rise of Legends, the XBLA game Catan, the Big Huge Games Engine and a “social media and development platform codenamed ‘Helios’.”
In 2010, Rhode Island green-lit a $75 million loan to 38 Studios which ended up going bankrupt in 2012 and left $112 million debts. Rhode Island filed a lawsuit against 38 Studio’s last November claiming that 38 Studio’s management knew that the company was headed for bankruptcy but chose not to tell the Economic Development Corporation. The lawsuit was green-lit by Superior Court Judge, Michael Silverstein, in August of this year.