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Posts tagged rhode-island

Schilling says he could lose $50 million of his own money in 38 Studios implosion [update: Chafee responds]

Embattled 38 Studios co-founder and head Curt Schilling finally broke his weeks of silence on the Rhode Island studio's recent implosion in an interview with The Providence Journal. "Frustration" seems not strong enough a word to describe his feelings toward Rhode Island Governor Lincoln Chafee...

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Rhode Island: Fired 38 Studios staff are highly skilled, will find new work

Rhode Island Department of Labor and Training director Charles Fogarty said today that the staff of 38 Studios, all of whom were laid off yesterday, will be able to find new jobs because they are "highly skilled." "The individuals in question, most of them are pretty highly skilled," Fogarty said....

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Editorial: 38 Studios and the Dunkin delusions

The Providence Journal sat neatly presented on the counter at the Dunkin Donuts across the street from 38 Studios in Rhode Island, its headline clear as day: "Loan-guarantee fallout costs EDC chief his job." Further down the right column of the page was the other harbinger headline: "Too little...

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Our own Alexander Sliwinski talks 38 Studios with Fox 25 News

Here at Joystiq, we spend most of our time hunched over laptops pumping out a steady stream of news for you to consume. But every now and again, one of us is ripped out from behind the comfort of our mobile workplace to talk gaming news with a mainstream outlet – today is such a day....

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Kingdoms of Amalur: Reckoning had to sell 3M 'just to break even,' RI governor says

Despite Kingdoms of Amalur: Reckoning selling "1.22 million copies in its first 90 days" according to 38 Studios head Curt Schilling, it apparently never crested the 3 million mark it needed to break even. "The game failed, the game failed," Rhode Island Governor Lincoln Chafee told attendees of a...

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38 Studios and Big Huge Games lay off entire staffs [update]

38 Studios and Big Huge Games have both let go of their entire staffs, a source with knowledge of the situation tells Joystiq. Following reports that 38 Studios stopped paying staff on May 1, and just an hour before a scheduled press conference in Rhode Island addressing the recent 38 Studios...

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38 Studios employees unpaid since May 1, health insurance ends on Thursday

38 Studios employees have not been paid since May 1 and their health care will end Thursday at midnight, a source with knowledge of the situation tells Joystiq. Employees are normally paid on the first and 15th of each month. When asked if the studio would be shutting down this week, the source...

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RI Gov. Chafee working to prevent 38 Studios shutdown, unaware of any new cash for company [update]

The situation faced by troubled MMO developer 38 Studios is not improving. According to Rhode Island Governor Lincoln Chafee, the company has not received any new investment. In a sudden press conference late today, he said the studio had not received any outside investment nor any of the new tax...

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Analyst estimates Amalur IP worth $20 million, 38 Studios employees head to job fair

The value of 38 Studios' Amalur intellectual property is estimated to be in the range of $20 million. We asked Wedbush Securities analyst Michael Pachter for his valuation following confirmation of layoffs at the studio and coverage of 38 Studios employees flocking to Turbine's recruitment drive in...

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RI governor confirms 38 Studios layoffs

Rhode Island Governor Lincoln Chafee has confirmed layoffs at 38 Studios. The governor made the statement this evening following a scheduled meeting of the Rhode Island Economic Development Corporation (RIEDC), where about as little happened to resolve 38 Studios' troubled situation as at last...

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