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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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33. Re: 38 Studios in Financial Trouble? May 15, 2012, 11:47 Verno
 
spindoctor wrote on May 15, 2012, 10:17:
Be that as it may, I don't believe their first attempt was such an egregious offense so as to warrant a sentence of death on the studio.

Why shouldn't it be? They consumed tens of millions of dollars, much of it in taxpayer subsidies. I have no problem with this potentially being a business ender, I sympathize with the employees and others affected but it was a huge gamble that didn't pay off. As others have pointed out there were other sensible approaches that didn't depend on the product selling a few million copies or expending so much money. They chose the blockbuster approach for their first product, it was extremely reckless. I think it sucks for everyone involved and I love Curt's enthusiasm but it is what it is.
 
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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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