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Curt Schilling Has a Full Count and Bankruptcy on 3rd |
Listed in: News Tags: 38 studios, EA, kingdoms of amalur: reckoning
38 Studios, the development studio owned by former Major League Baseball pitcher Curt Schilling, apparently borrowed a whole lot of money to get their flagship title Kingdoms of Amalur: Reckoning made. And now they owe $1.25 million that they don't have to the Rhode Island Economic Development Corporation. The payment is overdue and 38 Studios' staff of 300+ people didn't get paid this week.
Uh-oh.
Sources close to Joystiq also say that 38 Studios has laid off all temporary and contract workers as well. 38's last financial report stated that they had 379 full-time employees and 34 contractors and 8 interns. It's check to the RIEDC also bounced recently due to insufficient funds. Double uh-oh.
Kingdoms of Amalur: Reckoning was roundly praised and sold fairly well (400,000 copies), but it looks like 38 Studios is in serious trouble.
[Via VG247]
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