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Is 38 Studios Broke?

According to the Providence Journal, Governor Chafee and officials with the Rhode Island Economic Development Corporation have been meeting with 38 Studios executives on how to keep the company afloat. 38 Studios, owned by former MLB pitcher Curt Schilling , was given a 75 million loan guarantee from the state of Rhode Island before moving the company there in 2010, but now seems to be having financial issues. Earlier this year 38 studios released Kingdoms of Amalur: Reckoning, while it received mostly high rating and marks from critics, the game has only sold around 400,000 copies.

Further information: Providence Journal

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Adam Richardson

Adam is the founder and owner of lvl30 Publishing and the Editor-in-Chief of POCG.co. His responsibilities cover everything from making contacts to final approval on articles for the site. Formerly, before incorporating lvl30, he founded and ran the prior incarnation of POCG (Playing Out of Control Gaming) as well as worked as an editor at various sites including GameStats, Game Post, and Sega Post. When he’s not working on the site he runs the technical support department for a office equipment company. You can reach him at abrichardson at pocg.co

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