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38 Studios collapse may result in sale of Schilling’s personal belongings
According to a Boston Globe report, founder Curt Schilling is in financial difficulties following the insolvency of 38 Studios. Schilling stood as guarantor for “millions” in loans to start and run the developer, and his personal belongings, including valuable baseball memorabilia from his career as a Major Leagues pitcher, are among collateral pledged to his ... Read More»
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Posted: Oct 5, 2012 at 12:39am
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Project Copernicus would have made resurrection a central plot point
Project Copernicus, the Kingdoms of Amalur MMO possibly irretrievably lost in the closure of 38 Studios, would have actively engaged with a mechanic many MMOs prefer to leave unexplained – death and resurrection. Kotaku reports co-creator and fantays author R.A. Salvatore, Reckoning lead designer Ian Frazier shared details of the MMO’s plot with DragonCon attendees. ... Read More»
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Report – 38 Studios spent $133 million on the way to bankruptcy
Financial documents allegedly show Kingdoms of Amalur developer 38 Studios spending huge money without a guaranteed source of revenue on its way to apparently inevitable collapse. WRPI claims to have access to over 1,100 pages of documents detailing the studio’s spending of $133 million over its lifetime. Since its August 2006 founding and December 2011, ... Read More»
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Leaked Project Copernicus trailer gives a look at shelved Amalur MMO
A leaked trailer gives us our best glimpse at Project Copernicus, the Kingdoms of Amalur MMO in production at 38 Studios when it was shuttered. Head on over to Kotaku to see the trailer; 38 Studios creative director Steve Danuser has confirmed the video’s authenticity. Danuser describes the trailer as a work in progress and ... Read More»
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Leviathyn | Why I Love Video Games
Leviathyn’s Jason Fanelli sense a whole lot of negative vibes from the gaming industry and those that follow it. Sometimes it’s best to sit back and remember why we love this industry to begin with, and that’s exactly what he does here... Read More»
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Kingdoms of Amalur: Reckoning patch axed
It feels almost petty to mention it at this point, but the mass lay-offs at 38 Studios have had another casualty – an anticipated patch for Kingdoms of Amalur: Reckoning. In a (heart-rending) farewell post on the game’s forums, lead designer Ian Frazier explained the lack of updates. “I wanted to apologize for the lack ... Read More»
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38 Studios creative director expected “a little more help” from Rhode Island
38 Studios was blindsided by Rhode Island governor Lincoln Chafee’s failure to extend assistance to the financially troubled developer, according to creative director Steve Danuser. Danuser told NECN the Kingdoms of Amalur developer thought Chafee would be a staunch supporter. “We just needed a little more help, and we thought the state would have our ... Read More»
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GamesEyeView Podcast Episode 18
In our 18th podcast, Matt and Bill team up to discuss the ongoing events at 38 Studios, the success and stumbles of the Diablo III launch as well as some quick hit news such as announcements and delays. In our weekly top five we discuss our five most beloved out of business game studios... Read More»
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“38 Studios didn’t go begging for a handout from Rhode Island,”says Salvatore
Author RA Salvatore has responded to the situation facing 38 Studios and Big Huge Games, and while didn’t share insight into whether the firms where shutting down, he offered instead some perspective on where things went wrong with the move to Rhode Island. Responding to a post over on Daily Kos, Salvatore, who has been ... Read More»
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Report – 38 Studios and Big Huge closure imminent
Kotaku is reporting a rumor that troubled development house 38 Studios is laying off its entire staff, and closing down Big Huge Games. Notices, missed payroll, cancelled benefits According to a source speaking with the site, employees knew things were going south as early as April. “38 Studios just laid off its entire staff, both Providence and ... Read More»
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38 Studios lay-offs confirmed
The financially troubled 38 Studios has issued a round of lay-offs, presumably a cost cutting measure in order to meet the developer’s debts to the state of Rhode Island. Rhode Island governor Lincoln Chafee told Boston.com 38 Studios had made a number of job cuts, but would not give details. The politician also confirmed that ... Read More»
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Schilling asks Rhode Island for help, insolvency could see RI owning rights to 38 Studios IP
Curt Schilling asked the Rhode Island Economic Development Corporation and the state’s governor in an emergency meeting today for additional help to save 38 Studios. After the meeting convened, governor Chafee wouldn’t comment to the Associated Press what was discussed, only to say the meeting was held in order to figure how to “avoid throwing ... Read More»
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Kingdoms of Amalur Dev 38 Studios Missed Latest Loan Payment of $1.125 Million
38 Studios financial worries seem to be getting more desperate as the developer has reportedly missed its latest loan payment of $1.125 million. The latest payment should have been made to the state of Rhode Island on May 1, and by missing it the studio has effectively defaulted on their $75 million loan. Rhode Island’s Economic Development ... Read More»
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38 Studios missed a $1 million loan repayment
More details have surfaced regarding the financial woes of Kingdoms of Amalur: Reckoning developer 38 Studios, currently in debt to the state of Rhode Island. WPRI reports Rhode Island House speaker Gordon Fox confirmed the developer defaulted on a May 1 repayment of $1.125 million. The developer is said to be suffering a cash-flow shortfall ... Read More»
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Kingdoms of Amalur: Reckoning has moved 410,000 units in the US
WPRI.com has confirmed US sales of Kingdoms of Amalur: Reckoning have surpassed 410,000 units sales during its two months on the market, 80,000 of which were sold in March. The Rhode Island news station was provided the figures by NPD which said it was “an impressive figure for just two months, no matter how you ... Read More»