Kingdoms of Amalur developer on edge of insolvency

Posted By | On 15th, May. 2012

The studio that brought us the surprise package Kingdoms of Amalur, Studio 38, are currently in talks with Rhode Island officials as the company struggles to stay afloat.

Having previously been on the receiving end of a £46.6 million ($75 million) loan from Rhode Island, in an attempt to keep the studio from relocating to Massachusetts, there are now concerns that this money will be lost.

“We’re concerned and just doing everything possible to ensure that 38 Studios stays part of the Rhode Island community,

“It’s always been a volatile industry to be in. That’s just the risk you take when you get into the business”, said Governor of Rhode Island Lincoln Chaffee to the Providence Journal (via GamesIndustry).

Rhode Island state are now working to on a “tight time-frame” to “protect” the loan and “keep 38 Studios solvent”.

38 Studios currently employ over 400 full-time staff and are stilling hiring for new workers for their upcoming MMO Copernicus. The title is set in the same world as Kingdoms of Amalur.

Source: Eurogamer

Image courtesy of That VideoGame Blog.

 


Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Exodus Will Have “a Huge Diversity” of Alien Species

Exodus Will Have “a Huge Diversity” of Alien Species

When asked about whether or not players will be able to play as a non-human characters, developers didn't give...

Slime Rancher 2 Launches for PS5 on June 11

Slime Rancher 2 Launches for PS5 on June 11

Monomi Park's first-person life sim game originally launched in early access for Xbox Series X/S and PC in 202...

BlizzCon 2024 is Cancelled, Will Return in Later Years

BlizzCon 2024 is Cancelled, Will Return in Later Years

Blizzard will reveal more details for World of Warcraft: The War Within and Diablo 4: Vessel of Hatred "over t...

People Can Fly Has Cancelled Project Dagger

People Can Fly Has Cancelled Project Dagger

The developer cites "unsatisfactory results of the evaluation of the scope and commercial potential of the pro...

Destiny 2: The Final Shape Teases the Husk and Geist of the Dread

Destiny 2: The Final Shape Teases the Husk and Geist of the Dread

Husks are melee fights that will get in and attack up close. While easily disposed of, they release Geists, wh...

Fallout 4’s Next-Gen Update is Now Available

Fallout 4’s Next-Gen Update is Now Available

An update has also released for other platforms, while the game has also become Steam Deck Verified and launch...