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The State Administration is looking into the cost and ramifications of not paying the 38 Studios bonds
The State Administration is looking into the cost and ramifications of not paying the 38 Studios bonds
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 […]
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 […]
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 […]