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38 Studios auction in Rhode Island earned around $650,000

The public auction held Tuesday at 38 Studios' former headquarters in Providence, Rhode Island, grossed approximately $650,000. The official number comes from the Rhode Island Economic Development Corporation, which held an auction last week at the former site of 38 Studios' Big Huge Games division in Maryland. That auction brought in $180,000.

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brandynevils1343d ago

Ugh '...and the remainder of the bill following the IP sale will be swallowed by state tax-payers.'

Soldierone1343d ago

To make this clear, a indie game studio somehow managed to spend 150 MILLION dollars and did nothing with it.....

The state now has to pay 150 million dollars, and has yet to make 1 million back....So anyone hoping their state would create business with video games can kiss the dream goodbye, thanks a lot Schilling. i think he should be forced to pay some of the bill.

konnerbllb1342d ago

He put most of his money into the company (millions) and lost it all.

chasegarcia1343d ago (Edited 1343d ago )

In my opinion he should have started with iPhone games.

The state took a gamble and gave Curt an awesome loan. It was a terrible decision, but looked great at the time because the unemployed was/is bad here. He said they were going to hire 500 people. Little did we know it was like 500 people from other states. He also spend the money like a retard. He bought unnecessary crap. Like another studio. At-least the state pulled out before he spend all the money.

I still believe gaming will return to RI.We are surrounded by awesome schools with smart kids who love games. One day somebody will start a game studio again.

@Soldierone

RI is investigating. A lawsuit will cost a lot more tax money and might not be worth it.

legendof1171343d ago

Hopefully they will find a scam within all this! :) Brings back some hope, you know?

fOrlOnhOpe571343d ago

A disaster all round. Financially for the state, the company, the employees who lost their livelihoods and the gamers who enjoyed what was an outstanding first - and last game from 38 studios.
I really hope the IP is picked up by soneone who can take it forward. as it promised so much.

legendof1171343d ago

Hopefully something happens like with Sleeping Dogs.

Eldyraen1343d ago

I'm enjoying Sleeping Dogs, a great game that was essentially cast off by the original publisher and picked up by another. Would love to see KoA see the same treatment as it had decent sells and was well received. Just a shame about the studio's failing and that the state has to take such a huge loss.

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