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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Re: 38 Studios Closed?
May 24, 2012, 22:12
44.
Re: 38 Studios Closed? May 24, 2012, 22:12
May 24, 2012, 22:12
 
RollinThundr wrote on May 24, 2012, 22:03:
Sepharo wrote on May 24, 2012, 21:57:
RollinThundr wrote on May 24, 2012, 21:44:
Ok let's tax the 1% 100% of their income, and when that isn't enough due to the out of control spending in government what will be the solution? I have no issue with raising taxes. I have issues with the spending that neither party wants to address. That's the problem.

Tax the 1% 100% of their income? That's not reasonable.

I have no issue with raising taxes.

Well then you're a reasonable person and didn't sign a pledge saying you would never raise taxes ever. Forget 100%... these guys won't do 0.5%

You're missing the point Seph, you could tax the 1% 100% of their income and it wouldn't even dent the out of control spending.

No you're missing the point. There is a group of unreasonable people who signed a pledge that amounts to "I will not compromise" it's all cuts no revenue raising. It's not like liberals signed a pledge that says "we will never cut spending", they've actually been very accomodating in that regard (too much so for myself). While I appreciate that there are less cops on the road to write me tickets I'm not too excited about my house burning down because of public safety cuts.

Also to address your side point about "it won't make a difference anyway" I can reverse that and say neither will these relatively tiny cuts the GOP wants... Everyone know where the big cut needs to be made but do that and you're labeled weak or unpatriotic or some other silly shit.
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