30 May
The State Administration is looking into the cost and ramifications of not paying the 38 Studios bonds
30 May
25 May
The entirety of 38 Studios – and its Maryland subsidiary Big Huge Games – was laid off today, the blame for the company’s history of financial problems placed in part on the failure of the studio’s RPG Kingdoms of Amalur: Reckoning to move the necessary 3 million units to cover production costs. Financial returns place […]
24 May
Rhode Island Governor Lincoln Chafee held an unexpected press conference on the state of 38 Studios earlier today, expressing a worsening state of affairs for the makers of Kingdoms of Amalur: Reckoning. Lacking any new outside investment, the studio is being denied all the tax credits it has applied for, likely due to company not […]
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 […]