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Rhode Island Lawmakers Questioned In Ongoing 38 Studios Case
on July 07, 2014 at 06:02 PM
As part of the ongoing investigation into former baseball player Curt Schilling’s bankrupt company 38 Studios, state police officers have begun interviewing lawmakers involved with the vote for the loan guaranty program that gave $75 million in a state-backed loan to 38 Studios. The investigation...
Big Huge Games Trademark And More Sold At Auction
on December 13, 2013 at 12:54 PM
An auction following the collapse of 38 Studios yielded results, with some of the assets going to bidders. The Big Huge Games trademark and two game properties have new owners, though the details of who bid and who won haven’t yet been revealed. Rise of Nations and Rise of Legends (originally published...
Report: SEC Investigating Rhode Island Loan To 38 Studios
on September 11, 2013 at 04:41 PM
It's been over a year since the collapse of Curt Schilling's 38 Studios , but the loan money that eventually exposed the company's financial shortcomings is still a sore point. Today, WPRI reports that the Securities Exchange Commission (SEC) has been investigating the Rhode Island Economic...
Rhode Island Considering Abandoning Its 38 Studios Debt
on May 29, 2013 at 05:40 PM
While Governor Lincoln Chafee is currently planning to fulfill the obligations of the state's $75 million loan to 38 Studios, there is a chance that Rhode Island might abandon its obligations. The consideration is a balance between fiduciary and civic responsibilities. Rhode Island officials have...
Rhode Island Says 38 Studios Mislead State
on April 04, 2013 at 09:03 PM
In new documents filed as part of the state of Rhode Island's lawsuit against 38 Studios executives, including baseball great Curt Schilling, the state's attorney claims that there is "crushing evidence" that 38 Studios intentionally misled the state. The suit is over a $75 million...
Federal Investigation of 38 Studios Closed, No Charges Brought
on October 02, 2012 at 12:24 PM
The federal investigation into Curt Schilling's 38 Studios has ended. In some rare good news for the former head of the Kingdoms of Amalur developer, federal authorities have decided that no charges will be brought as a result of the investigation. According to the Associated Press, a spokesperson...
38 Studios' MMO Copernicus Was Planned As Free-To-Play
on August 18, 2012 at 06:17 PM
Copernicus, the massively multiplayer online role-playing game from the now defunct 38 Studios, was planned as a free-to-play game. In an interview with Boston Magazine , Curt Schilling, the founder of 38 Studios, said, "We were going to be the first triple-A, hundred-million-dollar-plus, free-to...
Rhode Island Wins Bid To Take 38 Studios' Assets
on August 09, 2012 at 09:52 AM
Rhode Island is now in control of 38 Studios' IP, including Kingdoms of Amalur: Reckoning and its MMORPG offshoot, known as Project Copernicus. The state is planning to seize computer equipment to keep the IP as intact as possible in preparation for an eventual sale. Rhode Island helped the studio...
Curt Schilling 'Tapped Out' After 38 Studios Collapse
on June 22, 2012 at 11:36 AM
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...
Bank Sues Curt Schilling For $2.4M
on June 14, 2012 at 03:47 PM
Citizen's Bank is suing 38 Studios founder Curt Schilling after he allegedly promised to repay money borrowed from the bank. According to a report from WRPI.com, the lawsuit was filed last Thursday in a Boston court, the same day 38 Studios declared bankruptcy . Citizens claims Schilling "personally...
38 Studios Filing For Bankruptcy, Authorities Begin Investigation
on June 07, 2012 at 01:43 PM
Curt Schilling's beleaguered video game company has filed for chapter 7 bankruptcy. According to documents related to the filing, the company owes $100 million in Baltimore alone. Given that the 38 Studios' Baltimore LLC branch of the company is only one of four 38 Studios affiliate companies...
Kingdoms of Amalur: Reckoning 2 Was In The Works
on May 29, 2012 at 02:34 PM
38 Studios’ Big Huge Games was doing pre-production work on a sequel to last year’s new IP before the studio let all employees go last week. Joystiq reports that, though Big Huge Games team could still be saved, it is unlikely that work could continue on Kingdoms of Amalur: Reckoning 2. The...
Reports: 38 Studios Lays Off Staff
on May 24, 2012 at 03:52 PM
Numerous reports this afternoon are saying 38 Studios has laid off its entire staff and closed developer Big Huge Games. The studio has yet to make an official comment on the matter at this time. WPRI obtained a purported internal e-mail from 38 Studios confirming the layoffs: The Company is experiencing...
Report: 38 Studios Lays Off Some Employees
on May 22, 2012 at 09:57 AM
Update: Rhode Island governor Lincoln Chafee has confirmed that the developer has laid off some of its employees. An exact number has not been given. Given that the studio has not met its payroll, unfortunately this isn't surprising. It'll be interesting to see if these layoffs mean that 38 Studios...
Curt Schilling Will Transform Providence Into A "Global Force"
on November 23, 2010 at 01:25 PM
The baseball star turned game developer says that bringing his 38 Studios to the Rhode Island city will give it a big time boost. Curt Schilling received a $75 million loan from Rhode Island to uproot his studio out of Massachusetts, and is ready to turn Providence into a world power. Speaking at Providence...
38 Studios Has Most of Curt Schilling's Money
on March 30, 2010 at 12:02 PM
According to a Harvard Business School case study , baseball legend and MMORPG fanatic Curt Schilling has invested the majority of the earnings from his Hall of Fame-bound pitching career in his game development company, 38 Studios. According to Baseball-Reference.com, Schilling's career earnings...
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