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38 Studios Inches Closer to Death’s Door, No New Funds Coming

LoreHound.com writes: "Late yesterday, Rhode Island governor Lincoln Chafee put another bullet next to the studio. He admitted that the company has seen no new outside investment, an emerging trend in the genre. Making matters worse, the plea for additional taxpayer funds has gone unanswered. Leaving the company in an ever-deepening hole. Chafee stated that he is doing everything in his power to make sure the company remains afloat. A complete collapse would see the state lose hundreds of millions of dollars and almost certainly Chafee’s chance at a reelection."

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