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A Comprehensive Deconstruction Of The Downfall Of 38 Studios
Matt Bai of The New York Times has authored a lively, comprehensive deconstruction of the downfall of 38 Studios, makers of Kingdoms of Amalur: Reckoning and a planned MMO. The story weaves in Rhode Island’s political and cultural forces in explaining the debacle. It’s a superb read.
38 Studios Reportedly Knew Rhode Island Could Not Cover Development Costs
In the dragged-out, teeth-gritting aftermath of 38 Studios’ dissolution, lawyers for Rhode Island now claim the developer moved there knowing the state’s $US75 million in incentives could not cover the $US125 million needed to make the Kingdoms of Amalur MMO.
Epic Closes Impossible, The Studio Built On The Ashes Of Big Huge Games
Following last year’s Kingdoms of Amalur financial disaster that resulted in the closure of both Curt Schilling’s 38 Studios and Maryland’s Big Huge Games, Epic Games swooped in and rescued a group of Big Huge refugees, forming Epic Baltimore, eventually renamed Impossible Studios. Today Epic founder Tim Sweeney announced the studio’s closure.
Get All The Ugly Details Of The 38 Studios Debacle In Seven Minutes
The spectacular crash of Curt Schilling’s video game development studio was one of the most stunning — and heart-wrenchingly sad — news stories of last year. The downward spiral of the company that made Kingdoms of Amalur: Reckoning has been well-documented, but this news report by Reason does a nice job of laying out the stakes, motivations and consequences of the whole sordid affair.
Kingdoms Of Amalur Listed For $109.95 On Xbox Live In Australia
38 Studios’ financial apocalypse has been well-documented. Ultimately, no amount of auctioning and memorabilia sales could redeem all-star pitcher Curt Schilling’s game development legacy. Still, you have to wonder who’s behind the pricing of the downloadable version being offered on Xbox Live Games on Demand in Australia. Maybe 38 Studios’ only release is a collector’s item now?
38 Studios’ Sell-Off So Far Amounts To An $830,000 Drop In The Bucket
This auctioning of assets belonging to 38 Studios, the makers of Kingdoms of Amalur: Reckoning, brought in a combined $US830,000, reports Joystiq. Sounds… good? Well, according to the Associated Press, that will barely dent the $US100 million US taxpayers may eat in Rhode Island, which guaranteed the loan for which someone gave themselves this award (courtesy of ex-38er Rich Gallup)
Curt Schilling’s Blood Is For Sale In The Aftermath Of 38 Studios’ Collapse
Whether mocked, doubted or venerated, The Bloody Sock is a unique piece of sports memorabilia and it is the symbol of the Boston Red Sox’ cathartic championship of 2004, the one that ended 86 years of aching near-misses and collapses. And the reddest of socks may be put up for sale, collateral damage in the notorious collapse of the defunct game maker 38 Studios.
Curt Schilling’s Video Game Studio Won’t Face US Federal Charges
In the aftermath of 38 Studios’ collapse, a slew of government investigators said they were probing the maker of Kingdoms of Amalur: Reckoning for its attempts to secure loans using tax credits that never were issued. Tax credits are the biggest reason the studio, founded by former Boston Red Sox pitcher Curt Schilling, became such a scandal in its home state of Rhode Island when everything went bust.
The Remnants Of 38 Studios Will Be Up For Auction In October
The sad, sordid saga of the total collapse of 38 Studios has quieted, but the state of Rhode Island is now left holding the assets of the defunct game developer. Rhode Island, not generally needing a game development studio but definitely needing cash, will be auctioning off the assets next month.
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