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130°

38 Studios requests additional funds from Rhode Island after defaulting on loan

XMNR: The on-going saga with the game studio of ex-Boston Red Sox pitcher Curt Schilling continued on Wednesday as an emergency meeting was held with Rhode Island state officials. After missing a $1.125 million annual payment on a $75 million loan, Schilling is reported to have requested additional assistance for 38 Studios from the state's Economic Development Corporation and Governor Lincoln Chafee (I).

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examiner.com
phantomexe5118d ago

I hope they get this worked out. KOAR was a great game. i really hope this isn't the last will see of it. I thought the game was doing good sells wise at least that what the net was saying.

ATi_Elite5118d ago

I'm sure Curt Schilling can pull that amount outta his wallet!!

Not a bad game, actually a pretty good game with only 1.12m units sold across 3 platforms but a lot of effort was put into this title.

Kingdoms is not your average $12m dollar game looking to make a quick $30m profit! They most likely need over 2.5m in sales to make some profit.

Drazz5118d ago

I thought the game was "Tepid"

80°

Video Games Are a Labor Disaster

Why do game studios keep imploding?

Dysfunction is baked into the video game production process, as it currently exists. The big-budget games industry is dominated by a few large companies, the publishers. Like book publishers, they are responsible for distributing and marketing games (much but not all of this is entirely digital now, but most of the publishers established themselves when game distribution meant getting physical discs and cartridges on retail store shelves). Games are actually made by studios, which are generally either owned directly by the publishers or independent. Making big-budget video games takes an enormous amount of highly specialized labor. It is possible for one person to make a game, and even for that game to be a hit, but the biggest, most profitable games released each year are nearly always made by enormous teams of people, working directly or indirectly for those publishers.

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newrepublic.com
isarai1790d ago

Devs really need to unionize asap

Minute Man 7211790d ago

Create their own studio ala Activision but never forget where they came from ala Activision

Dixiedevil1789d ago

Unions breed garbage product no matter what’s being made. Passion and drive to make awesome stuff goes out the window and it’s replaced by laziness, seniority over skill, office politics and all around horseshit. As a welder of 23 years, I’ve seen it first hand, over and over again.

lipton1011789d ago

I’d say there’s a time and a place for unions. If work conditions have gotten so bad because the company is run by tyrants, unions will help.

But, on the contrary, I work for one of those rare companies that is better for the employee than a union is. Family owned, we purchased a new facility in Jersey and the workers voted the union out based on the offer (pay, hours, benefits, etc). Now we have UNION scabs, hired by the union, to protest against us at various locations.

franwex1790d ago

An interesting case study. I thought it was worth a read.

30°

No Charges in 38 Studios Criminal Investigation

The 4-year investigation of video game developer 38 Studios comes to an anti-climatic conclusion.

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gameranx.com
kbozz713580d ago

Really would have loved having Kingdoms of Amalur 2 :(

110°

No criminal charges to be filed in 38 Studios investigation

The Rhode Island Attorney General announced today that it would not be filing charges against individuals involved in the failed 38 Studios loan in Rhode Island.

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gamasutra.com
NukaCola3582d ago

Kingdom of Amular was a gem. Sad there isnt a sequel or remastering.

indyano3582d ago

One of the best flexible RPGs on last gen

rezzah3581d ago

Great game, but I stopped playing due to a major glitch before a boss fight.

It was a fight inside a cave and I placed all my saves inside the cave...approaching the boss would start a cut scene but my game glitched and the scene never starter. I could not exit the cave too... :(

Was probably 3/4 done the game too.

ApolloTheBoss3581d ago

Good game. Awesome ending. Damn shame it won't get a sequel.