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FEATURED VOXPOP Kakulukia
Why Sunset Overdrive Can Go Suck A Lemon
By Kakulukia
Posted on 07/14/14
Yesterday, while cleaning up my media center, I found my copy of Ratchet & Clank: Into The Nexus, which I bought sometime before Christmas last year. I had been pretty excited about this game pre-release, what with it being the first "traditional", albeit shorter than usual,...

GAMING NEWS

38 Studios Sells Assets For $830,000, Rhode Island Still In The Hole

Posted on Friday, October 26 @ 18:56:16 Eastern by Alex_Osborn


The tragic demise of 38 Studios will almost certainly plague Rhode Island taxpayers for years to come. In an effort to chip away at that some of the debt, earlier this week an auction was held in the tiny New England state, bringing in $650,000. Last week a similar auction was held in Maryland to sell off the assets of Big Huge Games (former division of 38 Studios), bringing in $180,000.

If you do the math, you'll realize that the total made on sales isn't nearly enough to dig Rhode Island out of the hole of debt it is currently in. It's worth noting however, that the most valuable asset, namely the Kingdoms of Amalur IP, has not yet been sold. Apparently it will be done through a separate transaction that will take place some time in the coming months.

Right now, it is estimated that when the company filed for bankruptcy, it owed a whopping $150.7 million. So yeah, RI taxpayers are on the hook for quite a bit.

[Source]


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