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FEATURED VOXPOP shandog137
A Letter to the Big “N"
By shandog137
Posted on 09/12/14
I have and will continue to have a place in my heart for Nintendo. In fact, my first console was a Super Nintendo. The video game market has changed drastically since the early '90s and it seems like what once was platinum is more so along the lines of silver now. Nintendo has always been...

GAMING NEWS

38 Studios May Be In Financial Trouble

Posted on Tuesday, May 15 @ 13:00:34 Eastern by Keri_Honea

38 Studios, the owners of the developer behind Kingdoms of Amalur: Reckoning, seems to be in big financial trouble. Even worse, if the studio goes down, its home state of Rhode Island may go down with it.

In 2010, Rhode Island's Economic Development Corporation secured $75 million in loans to persuade 38 Studios to relocate to Rhode Island from Massachusetts. In return, 38 Studios promised to bring 450 jobs to Rhode Islanders by the end of 2012. As a result, if 38 Studios goes under, Rhode Island taxpayers will be on the hook for $112.6 million for the next 8 years.

The state's governor told a local NBC affiliate that they are working with 38 Studios to help avert this potential disaster. "We're always working to keep Rhode Island companies solvent, and that's what we're doing with 38 Studios," he said.

Neither 38 Studios nor EA have commented on this situation.
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