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38 Studios in Financial Trouble?

A Rhode Island news report says 38 Studios is in financial distress, and the developer founded by former major league pitcher Curt Schilling is in discussions with the state on how to stay afloat. "We're always working to keep Rhode Island companies solvent, and that's what we're doing with 38 Studios," said Rhode Island Governor Lincoln Chafee. "We're working with 38 Studios on different issues. That's all I can report right now." 38 Studios moved to Rhode Island in September after securing $75 million in loan guarantees from the state. Their first game, Kingdoms of Amalur: Reckoning, was released in February, but the story cites NPD data saying the game has sold only around 410K copies across three platforms. Thanks Strategy Informer.

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20. Re: 38 Studios in Financial Trouble? May 15, 2012, 07:24 Kajetan
 
spindoctor wrote on May 15, 2012, 06:40:
I'd hate an industry where new studios can't succeed and the RPG genre gets left to only a handful of major companies like the above mentioned ones.
You can compete. Make a small game at first. Then, if the first game was a success, make a bigger game. And so on. Until you also can spend quadrupel of billions of dollars on facial animation or the polishing of the Save/Load-Screen.

38Studios tried to compete with the big players with a very expensive and somewhat boring and mediocre game. Not the smartest move ... compared to companies like CD Project. Who now are on the same production level as Bioware etc. and still dont have to spend dozens of millions.
 
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    Date Subject Author
  1. May 14, 21:26 Re: 38 Studios in Financial Trouble? Smellfinger
  2. May 14, 21:29  Re: 38 Studios in Financial Trouble? Rattlehead
  3. May 14, 21:42   Re: 38 Studios in Financial Trouble? Jonah14
  21. May 15, 08:23  Re: 38 Studios in Financial Trouble? CNCGEEK101
  25. May 15, 09:32   Re: 38 Studios in Financial Trouble? Beamer
  27. May 15, 10:18    Re: 38 Studios in Financial Trouble? InBlack
  28. May 15, 10:29     Re: 38 Studios in Financial Trouble? Prez
  29. May 15, 10:29     Re: 38 Studios in Financial Trouble? Beamer
  30. May 15, 10:31   Re: 38 Studios in Financial Trouble? Parallax Abstraction
  34. May 15, 14:11  Re: 38 Studios in Financial Trouble? Creston
  36. May 15, 15:38   Re: 38 Studios in Financial Trouble? netnerd85
  4. May 14, 21:57 Re: 38 Studios in Financial Trouble? Annex
  6. May 14, 22:19  Re: 38 Studios in Financial Trouble? Dades
  10. May 14, 23:00   Re: 38 Studios in Financial Trouble? eRe4s3r
  12. May 14, 23:22  Re: 38 Studios in Financial Trouble? Jonah14
  5. May 14, 22:02 Re: 38 Studios in Financial Trouble? Cutter
  7. May 14, 22:27  Re: 38 Studios in Financial Trouble? UttiniDaKilrJawa
  8. May 14, 22:37   Re: 38 Studios in Financial Trouble? Slashman
  9. May 14, 23:00    Re: 38 Studios in Financial Trouble? Jerykk
  31. May 15, 10:57   Re: 38 Studios in Financial Trouble? bhcompy
  32. May 15, 11:31    Re: 38 Studios in Financial Trouble? PHJF
  35. May 15, 14:19    Re: 38 Studios in Financial Trouble? Creston
  11. May 14, 23:19 Re: 38 Studios in Financial Trouble? Steele Johnson
  13. May 14, 23:39  Re: 38 Studios in Financial Trouble? PropheT
  14. May 15, 03:12 Re: 38 Studios in Financial Trouble? OldTimber
  15. May 15, 03:27 removed chenhan
  16. May 15, 03:55  Re: 38 Studios in Financial Trouble? NKD
  17. May 15, 03:56 Re: 38 Studios in Financial Trouble? netnerd85
  18. May 15, 06:10  Re: 38 Studios in Financial Trouble? Angrius Maximis
  19. May 15, 06:40 Re: 38 Studios in Financial Trouble? spindoctor
>> 20. May 15, 07:24  Re: 38 Studios in Financial Trouble? Kajetan
  26. May 15, 10:17   Re: 38 Studios in Financial Trouble? spindoctor
  33. May 15, 11:47    Re: 38 Studios in Financial Trouble? Verno
  37. May 15, 22:07    Re: 38 Studios in Financial Trouble? eRe4s3r
  22. May 15, 09:04 Re: 38 Studios in Financial Trouble? SXO
  23. May 15, 09:15  Re: 38 Studios in Financial Trouble? Verno
  24. May 15, 09:20  Re: 38 Studios in Financial Trouble? Kajetan


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