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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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89. Re: 38 Studios Closed? May 26, 2012, 02:03 RollinThundr
 
Kosumo wrote on May 25, 2012, 20:05:
I'll just put a LOL@fallofamericanempire in here - RollinThundr gonna leave it if Obama gets back in, to goto Canada? Thundr, you do know that all of us in the Commonwealth all each put a five dollar note in the post and send it to our Queen each week. (The Queen face is on stamps for a reason!)

It's what we do, so she can build an army and take back America.

Just joking, it's good for morale, America is shit and the Commonwealth don't want it.

Apparently if you don't use sarcasm tags on BN people get confused. At anyrate it's still amazing to me how people can be so up in arms about regular American citizen's tax rates, yet they're fine with government spending like the world is going to end tomorrow.

Gotta love that entitlement mentality.
 
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