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Submitted by NYC_Gamer 1032d ago | news

Curt Schilling tells WEEI radio show that he invested more than $50m in his video-game firm

Boston.com:Former Red Sox star Curt Schilling said Friday that his Rhode Island video game company, 38 Studios LLC, went bankrupt two weeks ago largely because it couldn’t raise more money from outside investors. (38 Studios, Curt Schilling, Industry)

NYC_Gamer  +   1032d ago
Didn't even warn his workers about the financial troubles of the company
DaThreats  +   1032d ago
$50 million in the company, in addition to $5 million to $10 million from other wealthy investors and a $75 million
So $140 million
WTF happened to all that money?
Max Power  +   1032d ago
Hundreds of workers working on two games?
SuperBeast811  +   1032d ago
and for several years it all adds up
fOrlOnhOpe57  +   1032d ago
It's hard to imagine where such huge amounts of cash went. Seems 38 Studios financial management team weren't in the same league as their development team.
Great shame and a real waste.
Rubberlegs  +   1032d ago
It is a lot of cash but Kingdoms of Amalur didn't sell well at all. Worldwide its sold around 600k copies so it didn't make anything back from it which sucks because I really liked it. They also picked up Big Huge Games from THQ (THQ shut the studio down and sold it off) and kept all the staff, that cost money too. I doubt its dlc sold that well either.
SuperBeast811  +   1032d ago
it sold about 2 mill actually......it just needed 3 mill to break even dont know where you got the 600 k from.
Rubberlegs  +   1032d ago
I pulled it from vgchartz but that 600k was from 360 sales, didn't notice the total from all versions. Still it only shows its sold over 1.19 mill
#4.1.1 (Edited 1032d ago ) | Agree(0) | Disagree(0) | Report

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