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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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71. Re: 38 Studios Closed? May 25, 2012, 08:30 Bhruic
 
RollinThundr wrote on May 25, 2012, 00:38:
Who do you think create jobs? Small business owners who are often in that 1% you libs hate so much or the government who can't manage one single thing without fucking it up?

Serious question.

Ok, serious answer. You're totally wrong about small business owners being part of the 1%. People hear about the 1% being "millionaires" and think that must be all you are in order to qualify. Nope, not true. To qualify for the 1%, you need to be making multiple millions each year. And very few people, if any, are doing that simply from running a single small business.

Who is doing it? CEOs, certainly. Board level executives. Lots of investment bankers. Some professional athletes and actors. Trust fund babies.

The US has a progressive tax system, the top 1% already pay the most. Unless you want to make a flat rate where everyone pays the same percentage. Wouldn't that be more fair? Everyone pays the same amount in.

Also not true. People get so wrapped up in the "income tax" debate, that they lose track of the other forms of tax. Capital gains are taxed at a much lower rate than income tax. Many of the 1% have a large percent of their money come in from capital gains. So whether the progressive income tax system is fair or not doesn't matter from that perspective.

And that's ignoring the fact that the tax system is riddled with loopholes that the extremely wealthy can exploit to lower their tax burden. It's even worse for companies, which is why you hear stuff like GE not paying any taxes at all.
 
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    Date Subject Author
  1. May 24, 19:10 Re: 38 Studios Closed? NKD
  2. May 24, 19:15  Re: 38 Studios Closed? Fantaz
  25. May 24, 20:39   Re: 38 Studios Closed? nin
  49. May 24, 22:52   Re: 38 Studios Closed? Dev
  50. May 24, 23:03    Re: 38 Studios Closed? Fantaz
  3. May 24, 19:26  Re: 38 Studios Closed? Wildone
  8. May 24, 19:58   Re: 38 Studios Closed? RollinThundr
  9. May 24, 20:09    Re: 38 Studios Closed? sauron
  10. May 24, 20:09    Re: 38 Studios Closed? Beelzebud
  11. May 24, 20:14     Re: 38 Studios Closed? Mashiki Amiketo
  21. May 24, 20:34      Re: 38 Studios Closed? Beelzebud
  23. May 24, 20:38       Re: 38 Studios Closed? Mashiki Amiketo
  26. May 24, 20:41        Re: 38 Studios Closed? RollinThundr
  13. May 24, 20:16     Re: 38 Studios Closed? sauron
  17. May 24, 20:27     Re: 38 Studios Closed? RollinThundr
  24. May 24, 20:38    Re: 38 Studios Closed? shihonage
  27. May 24, 20:43     Re: 38 Studios Closed? RollinThundr
  28. May 24, 20:43    Re: 38 Studios Closed? Dirwulf
  31. May 24, 20:48     Re: 38 Studios Closed? shihonage
  37. May 24, 21:23      Re: 38 Studios Closed? Fantaz
  40. May 24, 21:50       Re: 38 Studios Closed? RollinThundr
  6. May 24, 19:37  Re: 38 Studios Closed? SimplyMonk
  4. May 24, 19:31 Re: 38 Studios Closed? Steele Johnson
  5. May 24, 19:36 Re: 38 Studios Closed? Hump
  14. May 24, 20:17  Re: 38 Studios Closed? Jim
  64. May 25, 02:42   Re: 38 Studios Closed? Hump
  7. May 24, 19:53 Re: 38 Studios Closed? mixma242
  12. May 24, 20:15 Re: 38 Studios Closed? PropheT
  15. May 24, 20:19 Re: 38 Studios Closed? Ranger55
  16. May 24, 20:25  Re: 38 Studios Closed? Beamer
  20. May 24, 20:33  Re: 38 Studios Closed? wtf_man
  92. May 26, 14:25   Re: 38 Studios Closed? Ranger55
  18. May 24, 20:33 Re: 38 Studios Closed? RollinThundr
  22. May 24, 20:35  Re: 38 Studios Closed? Beelzebud
  19. May 24, 20:33 Re: 38 Studios Closed? Talisorn
  29. May 24, 20:43 Re: 38 Studios Closed? Cutter
  32. May 24, 20:48  Re: 38 Studios Closed? Dirwulf
  34. May 24, 21:03   Re: 38 Studios Closed? Prez
  35. May 24, 21:12   Re: 38 Studios Closed? Beamer
  33. May 24, 21:02  Re: 38 Studios Closed? RollinThundr
  36. May 24, 21:16   Re: 38 Studios Closed? Sepharo
  38. May 24, 21:32    Re: 38 Studios Closed? Mashiki Amiketo
  42. May 24, 21:59     Re: 38 Studios Closed? Sepharo
  54. May 25, 00:25      Re: 38 Studios Closed? Mashiki Amiketo
  58. May 25, 00:51       Re: 38 Studios Closed? Sepharo
  60. May 25, 00:57        Re: 38 Studios Closed? Beamer
  85. May 25, 13:41        Re: 38 Studios Closed? Mashiki Amiketo
  39. May 24, 21:44    Re: 38 Studios Closed? RollinThundr
  41. May 24, 21:57     Re: 38 Studios Closed? Sepharo
  43. May 24, 22:03      Re: 38 Studios Closed? RollinThundr
  44. May 24, 22:12       Re: 38 Studios Closed? Sepharo
  45. May 24, 22:20        Re: 38 Studios Closed? RollinThundr
  47. May 24, 22:45     Re: 38 Studios Closed? Beamer
  30. May 24, 20:47 Re: 38 Studios Closed? Viper114
  46. May 24, 22:30 Re: 38 Studios Closed? ASeven
  48. May 24, 22:51  Re: 38 Studios Closed? nin
  51. May 24, 23:28 Re: 38 Studios Closed? Cutter
  52. May 24, 23:56  Re: 38 Studios Closed? RollinThundr
  53. May 25, 00:24   Re: 38 Studios Closed? Frijoles
  55. May 25, 00:38    Re: 38 Studios Closed? RollinThundr
  56. May 25, 00:44     Re: 38 Studios Closed? Beamer
  57. May 25, 00:48      Re: 38 Studios Closed? Beamer
  65. May 25, 02:43     Re: 38 Studios Closed? Smellfinger
  66. May 25, 04:02      Re: 38 Studios Closed? RenownWolf
  67. May 25, 04:26       Re: 38 Studios Closed? Fantaz
  68. May 25, 04:35       Re: 38 Studios Closed? Cutter
>> 71. May 25, 08:30     Re: 38 Studios Closed? Bhruic
  73. May 25, 09:31      Re: 38 Studios Closed? RollinThundr
  75. May 25, 09:40       Re: 38 Studios Closed? GayBlade
  77. May 25, 09:58        Re: 38 Studios Closed? Parallax Abstraction
  82. May 25, 10:24         Re: 38 Studios Closed? RollinThundr
  83. May 25, 10:47          Re: 38 Studios Closed? GayBlade
  79. May 25, 10:16       Re: 38 Studios Closed? Bhruic
  59. May 25, 00:56   Re: 38 Studios Closed? Sepharo
  63. May 25, 02:39   Re: 38 Studios Closed? Cutter
  72. May 25, 09:19   Re: 38 Studios Closed? Dev
  61. May 25, 01:00 Re: 38 Studios Closed? Creston
  62. May 25, 01:48  Re: 38 Studios Closed? Tanto Edge
  69. May 25, 05:02 Re: 38 Studios Closed? LemonJoose
  70. May 25, 08:11  Re: 38 Studios Closed? shinchan0s
  93. May 27, 10:11  Re: 38 Studios Closed? m00t
  74. May 25, 09:35 Re: 38 Studios Closed? Mr. Tact
  76. May 25, 09:55 Re: 38 Studios Closed? avianflu
  78. May 25, 10:08  Re: 38 Studios Closed? Mr. Tact
  80. May 25, 10:17 Re: 38 Studios Closed? Mr. Tact
  81. May 25, 10:21 Re: 38 Studios Closed? Verno
  86. May 25, 15:08  Re: 38 Studios Closed? Bet
  87. May 25, 15:48   Re: 38 Studios Closed? RollinThundr
  88. May 25, 20:05    Re: 38 Studios Closed? Kosumo
  89. May 26, 02:03     Re: 38 Studios Closed? RollinThundr
  90. May 26, 03:12      Re: 38 Studios Closed? shinchan0s
  91. May 26, 10:30       Re: 38 Studios Closed? RollinThundr
  84. May 25, 12:16 Re: 38 Studios Closed? Verno


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