More Reviews
REVIEWS Axiom Verge Review
A single man spends five years on a solo project and the result is Axiom Verge. It was worth the effort.

Slender: The Arrival Review
Few games can offer genuine scares in the horror genre. Can Slender: The Arrival prove otherwise and it can offer more?
More Previews
PREVIEWS Dirty Bomb Preview
Looking for a more competitive, challenging online FPS multiplayer game? Splash Damage is introducing just that by dropping a Dirty Bomb on the free-to-play game market.
Release Dates
NEW RELEASES Stealth Inc 2: A Game of Clones
Release date: 04/01/15

Dark Souls II: Scholar of the First Sin
Release date: 04/07/15


LATEST FEATURES 6 Helpful Tips for Pillars of Eternity
Simply put, Pillars of Eternity can become maddening if players aren't careful.

Top 10 Active Video Game Kickstarter Campaigns
There are lots of indie projects going on right now, so we did the dirty work for you and found the best.
MOST POPULAR FEATURES Top 50 Pokémon of All Time
Can you believe there are now six generations of Pokémon? Six!! That's a crazy amount of different creatures to collect. But which are the cream of the crop? Don't worry, Magikarp isn't actually one of them.

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP shandog137
The perils of the Hype Train…
By shandog137
Posted on 03/09/15
The recent release of Evolve and The Order 1886 really got me to thinking about the disparity between the perspective of sales-driven publishers and the quality-driven purchases of consumers. The “Hype Train” is nothing new, but the way it is utilized has been creating far more...

GAMING NEWS

Rhode Island Might Soon Own Kingdoms of Amalur

Posted on Wednesday, May 16 @ 17:14:22 Eastern by


Yesterday, Keri reported on the financial troubles of 38 Studios, developer for the critically well-received Kingdoms of Amalur, to whom Rhode Island "secured $75 million in Loans to persuade 38 Studios to relocate to Rhode Island from Massachusetts".

Now, after delving into the legal documentation of the deal, the state of Rhode Island might become the owners of Kingdoms of Amalur if the company defaults on its loan. It will also be in possession of "Project Copernicus", a title currently in development at the studio.

Though this type of default commonly occurs for houses or cars if payments cannot be made on time, this is a rare case for a studio. According to the documentation, 38 Studios had placed all of its present and future IPs by the company as collateral, so everything they have developed, are developing, and will develop is up for grabs.

Of course, the state of Rhode Island knows little about running a video game development studio, so if 38 Studios defaults, it will likely take the IPs and put them up for auction to the highest bidder in the hope that the sale will cover the $75 million loan. If it doesn't, well, 38 Studios won't be around for much longer.

[Source]
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution