38 Studios Assets & IP To Be Sold

[Aug 23, 2012, 8:40 pm ET] - Share - Viewing Comments

The Turn to 10 Website has word that the receiver in the 38 Studios bankruptcy case plans on selling all the company's physical assets at auction, saying "Idealistically [sic] we're talking several months." He grants that it may take longer as he is furiously cramming to learn what he needs to about the value of the IP with the help of an unnamed former employee of the former developer, as the report states: "Land said he's learning more about video games and the value of computer software. He said he's even hired a former 38 Studios worker to help create the platform to possibly sell some of the intellectual property." Thanks Jim.

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14.

Re: 38 Studios Assets & IP To Be Sold

Aug 24, 2012, 13:54

SimplyMonk

PHJF wrote on Aug 24, 2012, 01:04: Actually, the IP behind the world itself is worth something. R.A. Salvatore and others spent a great deal of time creating an entire world and characters just for the game. None of which were anywhere in Reckoning. Elves? Dwarves? FUCKING INSPIRED. I was a big fan of Salvatore when he first started out with his Drow series, but he wasn't exactly original here as he just built stereotypical characters and story lines in the Forgotten Realms universe which was already established. He did a lot to grow that universe though. A novel, TV show or movie written by R.A. Salvatore? Sure. You have my interest. An MMO where he designed the world and the characters? Wasn't that EQ? How could it possible be any different? Today I learned R.A. Salvatore wrote the bot chat lines for Quake III. Thank you, Wikipedia.

13.

Re: 38 Studios Assets & IP To Be Sold

Aug 24, 2012, 08:25

Burrito of Peace

I snagged a couple of servers from a business liquidation for less than 10% of their retail value and they were less than a year old. So, if you're in the area...you could score some cool deals on equipment.

12.

Re: 38 Studios Assets & IP To Be Sold

Aug 24, 2012, 07:11

Dades

DrEvil wrote on Aug 23, 2012, 21:25: PHJF wrote on Aug 23, 2012, 21:13: Nobody is going to give one cent for this worthless IP, by the way. Actually, the IP behind the world itself is worth something. R.A. Salvatore and others spent a great deal of time creating an entire world and characters just for the game. The game itself barely scratched the surface of what was written and created for it. Amalur was pretty standard and unremarkable, I'm not sure anyone cares about the world or characters. The creation of it might have cost money but the value is determined by what the public will pay for its products. The only reason Amalur shipped 1 million copies was due to EAs distribution muscle and an expensive advertising campaign.

11.

Re: 38 Studios Assets & IP To Be Sold

Aug 24, 2012, 05:35

Julio

PHJF wrote on Aug 23, 2012, 21:13: Nobody is going to give one cent for this worthless IP, by the way. Maybe this is what Interplay will launch as their new game after buying it for 2 cents

10.

Re: 38 Studios Assets & IP To Be Sold

Aug 24, 2012, 01:49

Kajetan

DrEvil wrote on Aug 23, 2012, 21:25: Actually, the IP behind the world itself is worth something. Considering how extremely boring KoA was ... 5 bucks?

Re: 38 Studios Assets & IP To Be Sold

Aug 24, 2012, 01:04

PHJF

Actually, the IP behind the world itself is worth something. R.A. Salvatore and others spent a great deal of time creating an entire world and characters just for the game.

None of which were anywhere in Reckoning. Elves? Dwarves? FUCKING INSPIRED.




Steam + PSN: PHJF

Re: 38 Studios Assets & IP To Be Sold

Aug 23, 2012, 22:42

Pete

Why do I think of Ion Storm when I think of 38 studios?




Doin' it Big

Re: 38 Studios Assets & IP To Be Sold

Aug 23, 2012, 22:37

Rattlehead

Thanks Curt Schilling for making me pay your failed game studio. Stick to ESPN.

Re: 38 Studios Assets & IP To Be Sold

Aug 23, 2012, 21:52

Cutter

Creston wrote on Aug 23, 2012, 21:39:
I reckon they can probably get someone to cough up a few million bucks for the rights to the IP and all the completed code to Copernicus. But I'd be very surprised if it goes beyond that.

As for other assets, yeah yeah, office furniture and work PCs simply don't bring a dime. They'll be lucky if they make a hundred grand off the whole shebang.

So unless the company had stacks of company cars and expensive toys, Rhode Island is still going a large, large chunk of that debt themselves.

Creston

The government always needs that sort of crap anyway so they may as well use it. As for the code they should easily be able to get a few mil for it. Who knows, maybe can someone can do something interesting with it.




"Are you crazy? Is that your problem?" - Jack Burton

Re: 38 Studios Assets & IP To Be Sold

Aug 23, 2012, 21:39

Creston

I reckon they can probably get someone to cough up a few million bucks for the rights to the IP and all the completed code to Copernicus. But I'd be very surprised if it goes beyond that. As for other assets, yeah yeah, office furniture and work PCs simply don't bring a dime. They'll be lucky if they make a hundred grand off the whole shebang. So unless the company had stacks of company cars and expensive toys, Rhode Island is still going a large, large chunk of that debt themselves. Creston

Re: 38 Studios Assets & IP To Be Sold

Aug 23, 2012, 21:25

DrEvil

PHJF wrote on Aug 23, 2012, 21:13: Nobody is going to give one cent for this worthless IP, by the way. Actually, the IP behind the world itself is worth something. R.A. Salvatore and others spent a great deal of time creating an entire world and characters just for the game. The game itself barely scratched the surface of what was written and created for it. It's really sort of heartbreaking to see this happen; I only hope Salvatore can either get the rights to his characters back or a publisher that's friendly to him picks them up so he can continue to write for it.

Re: 38 Studios Assets & IP To Be Sold

Aug 23, 2012, 21:13

PHJF

Nobody is going to give one cent for this worthless IP, by the way.




Steam + PSN: PHJF

Re: 38 Studios Assets & IP To Be Sold

Aug 23, 2012, 21:11

Cutter

Probably because they were blowing 5 mil a month on coke and hookers, heavily into nepotism, etc.




"Are you crazy? Is that your problem?" - Jack Burton

Re: 38 Studios Assets & IP To Be Sold

Aug 23, 2012, 20:56

Hellbinder

this one is still just crazy to me.. how the hck did kurt schilling go so wrong? he put in like 20 million and then they got another 75 million and they cant release an MMO in 5 years or whatever it was. the whole point he formed 38 was to make a freaking mmo. even a decent FTP mmo will make money these days.

i don't know why.. but this one actually makes me sad. probably because of the interviews with kurt i watched a few years ago.




The Whales name is Bob.

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