38 Studios ‘Project Copernicus’ rights to be auctioned off in Nov.

An auction of the rights to the 38 Studios video game under development when the company declared bankruptcy, codenamed “Project Copernicus,” has been scheduled for mid-November. More

To continue reading this article, please do one of the following.



38 studios

38 Studios ‘Project Copernicus’ rights to be auctioned off in Nov.

COURTESY HERITAGE GLOBAL PARTNERS
CONCEPT ART AND STORYLINES from the "Kingdoms of Amalur" mythos are among the assets on display at the auction webpage for 38 Studios' "Project Copernicus," the game in development when the company declared bankruptcy last year.
Posted 9/27/13

PROVIDENCE – An auction of the rights to the 38 Studios video game under development when the company declared bankruptcy, codenamed “Project Copernicus,” has been scheduled for mid-November.

Prospective bidders can now register for the auction through Heritage Global Partners, the asset-advisory and auction service handling the auction on behalf of 38 Studios receiver Richard J. Land.

The Heritage Global Partners webpage for the auction is located at www.hpgpauction.com/auctions/29297/38-studios/.

The proceeds from each asset sale will go toward paying off 38 Studios’ creditors, of which the state of Rhode Island is the largest, with an estimated liability of $89 million.

Land sold 38 Studios’ physical property – including computers, electronics, furniture and memorabilia – in two auctions last year that brought in $830,000, of which $400,000 came from leased equipment that went back to the leasing company.

“Project Copernicus” assets going up for auction in November include the intellectual property rights to the “Kingdoms of Amalur” fantasy universe and sequel rights to “Kingdoms of Amalur: Reckoning,” the sole 38 Studios game brought to market before the company failed in June 2012.

Also slated for auction will be technology developed in-house by 38 Studios and its affiliate Big Huge Games, including the “Big Huge Games Engine” and a social media and game-development platform codenamed “Helios.”

In June, Land told Providence Business News that he could not estimate the worth of the “Kingdoms of Amalur” mythos, represented in concept art and storylines for the role-playing game that Curt Schilling hoped would join the ranks of popular MMOs like “World of Warcraft.”

“I have no idea, and it would be wrong to guess,” said Land. “It would put an expectation out there that could be too high or low.”

Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement