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FEATURED VOXPOP ryanbates
Respawning
By ryanbates
Posted on 09/25/14
I had planned to write something about the Borderlands series, but that will have to wait. I have something I need to get off my chest first. It's very personal, and I hope the two or three of you who follow my sparse blog will spare me this moment. I joked in my review for the bizarre...

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.

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