The lights are on
Former all-star pitcher and 38 Studios founder Curt Schilling says he lost all of the $50 million he invested in his company since it went bankrupt. In a new interview with Boston sports radio WEEI, Schilling says he's completely tapped out.
“Obviously, it’s been a challenging couple of months, and I couldn’t imagine this. But I’m not asking for sympathy," he said. "That was my choice. I chose to do this. I wanted to build this. I wanted to create the jobs and create something that had a very longstanding world-changing effect. We were close. We were close to getting there. It just fell apart.”
Schilling said one area he failed was not telling his employees about the studio's problems early on. "They didn’t deserve it. It was not how we ever did business. The employees were everything. That was what the company was and it was about, he said. "I always told everybody, if something were going to happen you’re going to have a month or two lead time. And I bombed on that one in epic fashion.”
Head over to WEEI's website below to read the full transcription.
Good to see he admitted to bombing out on his employees. Never good to see a studio close though...
Poor guy... The economy's hitting us all hard nowadays. At least he understands the fact that you gotta keep your employees in the loop, and took it upon himself to state his mistakes.
I feel bad for this guy.
This whole thing sucks so badly.
Also, don't bother thinking you can create jobs unless you're creating jobs in China or McDonalds.
Terrible. They made a great game and it sold well, but not well enough. I don't think that Kingdoms of Amalur could ever have succeeded enough to the point where the investments by all parties would've been worth it.
It's just a shame. Schilling was one of the all time best pitchers in baseball and this is a venture that should've succeeded for him and for everyone that the company employed. I just wish that, at some point, they could've reigned the budget in so that they didn't need so much in sales to at least break even.
I think someone might be making a comeback...
Damn, that sucks. Well he got in way over his head, if what was said about the monthly overhead for that studio, was true. It never had a chance.
Wow. I can't believe that 38 Studios is dead.
Man, I really wanted a sequel too Reckoning.
IGN has more typed out info, it's not that the game didn't make money, but they had several other investor deals fall through while they had an MMORPG in development as well.
So a few people that were putting 20million plus into the company backed out which petty much finished them off. It sucks, I always root for the small companies like this to make it big.
I hope the can make a comeback in some way or another.