The lights are on
Update: The check 38 Studios hand delivered to the state bounced this afternoon. According to WPRI, the EDC will still accept the overdue $1.125 million payment if 38 Studios can find a way to come up with the money.
The situation at 38 Studios is getting worse. The studio is reportedly paying the overdue $1.25 million it owes the R.I. Economic Development Corporation, but did not make payroll this week.
Judy Chong, a spokesperson for the EDC, confirmed the news to WPRI today. 38 Studios employed 379 full-time employees as of March 15, including 288 in Rhode Island, the report says.
Owner Curt Schilling met with state officials earlier this week to seek additional help. No decision was made. The parties will meet again on Monday.
What a shame this is. Great game made by obviously talented people. Hopefully they see this through and come out strong enough to make another exceptional game. I'll buy it on day 1 as I did with Amalur, no doubt.
This is sad to hear but I hope everything works out.
Thats why you dont fund your business with more debt than you can pay. If Curt really thought he neededthat much he shouldve borrowed more and set some aside so he'd be able to make the first few payments without worrying(of course, this assumes that they would make money by the time they have to use their own money to pay).
38 studios became too big too fast(in terms of employees), took on too big of project with the MMO, all while funding too much of its assets off of loans. Curt may be a world series pitcher, but as a businessman he isn't jack squat. What's worse is that the money he paid himself he gets to keep.
1.125 million plus 35 dollars in bounced check fees...bummer
This sucks! I ope they do better, I just played the KoA demo, and it was GREAT. The game is very under-appreciated, at least from what I've seen so far.
Sometimes bad bosses happen to good studios. I hope the team at 38 carries on somehow. KoA is a good bit of action RPG, and I'd like to see the world evolve.
This is just disturbing.. and quite sad :/
Geeze that sucks they're having such a hard time of things. I tried to help'm with the money I plunked down for Reckoning. Guess we'll never get that field of view patch now.
For some reason I read that 38 Studios "can't play Skate."
As a fan of KOA, I'm saddened by this. But as a Yankees fan there's nothing better than seeing Curt Schilling go down in flames. Aura and Mystique are taking their revenge, I hope he has to pawn his rings to stay afloat.
Look I want 38 Studies to succeed as much as anyone (except for the 322 or so employees who want it more), but KoA was a run of the mill game at best, be honest. It was a good first effort, but playing the game felt like you were 'grinding' in a MMORPG, and who likes to grind? It had fairly good story but it wasn't worth $60.
How can a company "skip" payroll? Isn't that illegal, even if they are laying people off? Are they filing for bankruptcy or something?
This is terrible news for me, as I love Kingdoms of Amalur, and really want to see more games from them. It may not be perfect, and the plot isn't stellar, but in general the game is extremely well put-together, and is seems to be under-appreciated.