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38 Studios Closed?

38 Studios laid off its entire workforce according to an unconfirmed report on WPRI.com where they have an email purportedly sent to the company's staff, which they say consisted of 379 employees a of March 15. The Verge adds they've been informed by "a source familiar with the company" that 38 Studios also closed both its Rhode Island headquarters and its subsidiary studio Big Huge Games (thanks nin). They also note there is a semi-confirmation of this in a tweet from Colin Campbell, lead world designer at Big Huge Games: "Big Huge Games was home for my wife and me for our adult lives so far. I'll miss it terribly, but so proud. Good night and good luck." The Verge also quotes Governor of Rhode Island Lincoln Chafee attributing the closure to Kingdoms of Amalur: Reckoning, saying the RPG "failed." They note that the game sold approximately 1.2 million copies in 90 days and Chafee says experts told him it needed to sell three million copies to break even. In 2010 Rhode Island loaned 38 Studios $75 million.

Financial troubles at the developer founded by former major league baseball pitcher Curt Schilling surfaced less than two weeks ago, but after some drama involving a bounced loan payment check and allegations of a missed payroll, things seemed to be on the rise, with word that the loan payment cleared and that the company's MMORPG codenamed Project Copernicus was expected in a year. In an interesting side note, Rock, Paper, Shotgun points out the Rhode Island Economic Development Corporation has posted 38 Studios Public Documents with all the details on its financial dealing with the company.

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87. Re: 38 Studios Closed? May 25, 2012, 15:48 RollinThundr
 
Bet wrote on May 25, 2012, 15:08:
Verno wrote on May 25, 2012, 10:21:
This thread at SA has a ton of damning info about the 38 Studios demise and what a scumbag Curt turned out to be. I thought he was a genuine enthusiast but apparently he used some of that taxpayer money to pay off a personal credit line of his own and there's some other interesting allegations. It's a nice collection of info spread out from when the scandal started to now.
Funny how people at SA can stay on topic and blame the person responsible (unlike Thundr or Mashiki)
ElwoodCuse wrote:
by the way, Curt Schilling is also a loudmouth hypocritical right-wing shithead who is opposed to taxes and the government spending money on anything
And yet look at what he's wrought.

Please, people. Think harder about who you should really be angry at. Psst, it's not the guy at the 'top'.

If you think spending 5 trillion with nothing to show for it in 3 and a half years is a good thing, then I don't know what to tell you. I do know one thing, if it was a republican you people would be calling for impeachment among other things.
 
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