Follow us on:

Posts tagged curt-schilling

38 Studios successfully pays $1.125 million to Rhode Island

38 Studios's $1.125 million check to the state of Rhode Island has cleared, governor Lincoln Chafee announced during a press conference this afternoon, thus fulfilling the first required payment on the studio's loan from the Rhode Island Economic Development Corporation. Rhode Island is changing...

Continue Reading

38 Studios doesn't make payroll, can't pay state either [update]

38 Studios was unable to make payroll this week, but is in the process of making the $1.125 million payment that set off the company's crisis earlier this week. WPRI reports that a spokesperson for the Rhode Island Economic Development Corporation (RIEDC) did confirm that former Red Sox player Curt...

Continue Reading

The scene following 38 Studios' 'emergency meeting' with Rhode Island officials

To get a real sense of the severity of the situation between 38 Studios and the state of Rhode Island, here's a package by the Providence Journal. The events shown immediately follow today's "emergency meeting," where officials decided they didn't know what to do about the studio....

Continue Reading

Rhode Island owns Amalur, all other 38 Studios intellectual property if studio defaults

If 38 Studios does shutter, beyond Rhode Island taxpayers having to pay off the $75 million bond (plus interest) through 2020, it appears the state will also own the intellectual property of the developer as a parting gift. Reviewing updated documentation released by the Rhode Island Economic...

Continue Reading

38 Studios, Schilling ask Rhode Island for more money; state officials freeze

Today's emergency meeting by Rhode Island officials to determine what they are going to do about Curt Schilling's 38 Studios has concluded with officials freezing like deer in headlights. Nothing happened. Rhode Island's Economic Development Corporation will take no immediate action to aid the...

Continue Reading

38 Studios whiffed last loan payment, received nearly $50 million from Rhode Island thus far

The hits keep coming for ex-baseballer Curt Schillings' 38 Studios. The company reportedly missed its latest loan payment of $1.125 million to the state of Rhode Island on May 1, effectively defaulting its $75 million loan. WPRI spoke with Rhode Island House Speaker Gordon Fox who confirmed the...

Continue Reading

If 38 Studios collapses, Rhode Island taxpayers owe $112.6 million

With Rhode Island politicians and 38 Studios silent on the precarious financial condition of the developer, the potential cost of the doomsday scenario to taxpayers has come to light. WPRI reports that if 38 Studios can't pay the bonds it received from the state, taxpayers will actually be...

Continue Reading

Rhode Island gov working hard at 'keeping 38 Studios solvent'

Reckoning, indeed! A developing story out of Rhode Island has Governor Lincoln Chafee talking in uncertain terms about the financial condition of Curt Schilling's 38 Studios, which the state gave a controversial $75 million loan to a couple years back to move down to Providence. The Providence...

Continue Reading

38 Studios staffing up with MMO vets for Amalur

Now that Kingdoms of Amalur: Reckoning is out and available, 38 Studios may be in a position to return to its storied "Project Copernicus." A few recent hires at Curt Schilling's studio make it seem that way. 38 has picked up both John Blakely, who worked on DCUO and Everquest 2, and Mark Hanson,...

Continue Reading

Curt Schilling visits Conan, shows off Kingdoms of Amalur

Former baseball player turned 38 Studios founder Curt Schilling made a visit to Conan O'Brien's late night talk show this week. After discussing his beautiful with Tom Arnold and telling a story about some US soldiers playing Call of Duty while at war, he showed off a special "Irish American"...

Continue Reading


Featured Stories

Engadget

Engadget

TUAW

TUAW

Massively

Massively

WoW

WoW