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38 Studios Assets & IP To Be Sold

The Turn to 10 Website has word that the receiver in the 38 Studios bankruptcy case plans on selling all the company's physical assets at auction, saying "Idealistically [sic] we're talking several months." He grants that it may take longer as he is furiously cramming to learn what he needs to about the value of the IP with the help of an unnamed former employee of the former developer, as the report states: "Land said he's learning more about video games and the value of computer software. He said he's even hired a former 38 Studios worker to help create the platform to possibly sell some of the intellectual property." Thanks Jim.

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6. Re: 38 Studios Assets & IP To Be Sold Aug 23, 2012, 21:52 Cutter
 
Creston wrote on Aug 23, 2012, 21:39:
I reckon they can probably get someone to cough up a few million bucks for the rights to the IP and all the completed code to Copernicus. But I'd be very surprised if it goes beyond that.

As for other assets, yeah yeah, office furniture and work PCs simply don't bring a dime. They'll be lucky if they make a hundred grand off the whole shebang.

So unless the company had stacks of company cars and expensive toys, Rhode Island is still going a large, large chunk of that debt themselves.

Creston

The government always needs that sort of crap anyway so they may as well use it. As for the code they should easily be able to get a few mil for it. Who knows, maybe can someone can do something interesting with it.
 
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