38 Studios Financial Trouble

Though 38 Studios might not have found a runaway success with Kingdoms of Amalur: Reckoning there was no signs that the action RPG was a complete failure, until now. According to information gathered from the Governor of Rhode Island it appears that 38 Studios might be in some financial trouble.

It took some time for Kingdoms of Amalur to finally release — the game even made its way through several different iterations — but those who gave it a chance found an interesting blend of The Elder Scrolls and Fable. Unfortunately the tail end of Skyrim playthroughs and anticipation for EA’s next title, Mass Effect 3, were too much for Amalur to handle.

While Rhode Island Governor Lincoln Chafee was unwilling to comment on the situation he did reveal that he has been meeting with 38 Studios’ owner Curt Schilling — he of the bloody sock. 38, which is based out of Rhode Island, must provide some sort of economical benefit to the state, and therefore they are working to keep it solvent.

Unfortunately, that was before news came out that 38 Studios had missed its May 1st payment of $1.125 Million that was due. In an effort to lure 38 to Rhode Island the state had offered them a $75 Million loan, but if in fact the developer did miss a payment that would default the loan, and leave the taxpayers of RI with the bill.

While it doesn’t spell all out doom and gloom for 38 Studios at the moment, the future isn’t looking too good for the developer. Early plans regarding Kingdoms of Amalur, which was the product of many creative minds including Todd McFarlane and Ken Rolston, pointed towards the unveiling of an MMO, but that seems highly unlikely at this point.

It was possibly bad timing, or possibly just RPG fatigue, but somehow a pretty great game like Kingdoms of Amalur: Reckoning ended up getting overlooked. It must have sold well enough that Rhode Island is willing to try to keep them afloat, but there is certainly going to be a new course of action if a second chance is given.

Do you think we will ever see another game from 38 Studios? What were your hopes for a Kingdoms of Amalur MMO?

Source: WPRI