38StudiosAmalurLogo 10 Jan

The Rhode Island General Assembly introduced a new bill on Wednesday “at the request” of Governer Lincoln Chafee’s administration, which would resolve the $75 million debt caused by a loan given to 38 Studios. The bill addresses “court-approved settlements,” stating that “a person, corporation, or other entity who has resolved its liability to the Rhode […]

21 May

The second time’s the charm for 38 Studios. The developer’s second $1.125 million check sent to the Rhode Island Economic Development Corporation cleared late last week, fulfilling the first payment on the company’s $75 million loan. The state believes the totality of the $49 million portion given to the studio has been spent, their next […]

18 May

38 Studios’ check to the Rhode Island Economic Development Corporation was returned due to insufficient funds, according to local news outlet WPRI. The $1.125 million owed by the Curt Shilling-backed studio was the impetus for the company’s default on May 1st, as per a 2010 loan agreement. Rhode Island Governor Lincoln Chafee stated that the […]