30°
Submitted by LoudHawk 1089d ago | news

Rhode Island Takes Control of 38 Studios

According to Bloomsberg, Rhode Island has finally gained ownership of 38 Studios. This fiasco began last year when 38 Studios, makers of Kingdoms of Amalur, moved to Rhode Island from Massachusetts after receiving $75 million in funds from the state of Rhode Island. 38 Studios gave control of their assets and all copyrights to Rhode Island as collateral. After filing for bankruptcy, it was revealed the Amalur studio also owed $30 million to EA, their publishers. (38 Studios, Industry)

Add comment

You need to be registered to add comments. Register here or login
Remember
New stories
20°

More details on new Online Leagues for Forza Motorsport 6

7m ago - In Forza Motorsport 6‘s showcase during Microsoft’s press conference at gamescom 2015, Turn 10 St... | Xbox One
30°

Team 17's Beyond Eyes available to download now on Xbox One

12m ago - Neil writes "Hot off the back of the Xbox Gamescom briefing, Beyond Eyes has appeared on the Game... | Xbox One
Ad

Check What PS4 Games are Coming Out in August

Now - At Releases.com you can check release dates for all PS4 games. Visit now and start tracking the games you plan to buy. | Promoted post
40°

Elite: Dangerous’ competitive mode has a trailer

49m ago - We couldn’t blame you for missing it in the melee that was the Microsoft briefing at gamescom 201... | PC
40°

EA celebrates Gamescom with big discounts on Origin

49m ago - "Gamescom is officially underway in Cologne, Germany, and as gamers and developers from all over... | Industry
40°

Short Pause Podcast #36: What The Hell Is Going On With Mighty No. 9? PS4 Breaks 25M Units Sold

57m ago - Short Pause: "This weeks topics include: - New Destiny Location Revealed - Frankie and Bender... | Xbox 360