DIGITAL MEDIA

38 Studios on 'standby' as EDC deliberates

BLOOMBERG FILE PHOTO/SCOTT EELLS
CURT SCHILLING, founder of 38 Studios LLC and a former Boston Red Sox pitcher, speaks during an interview in New York, U.S., on Monday, Feb. 13, 2012. 38 Studios, formerly Green Monster Games LLC, is an entertainment and intellectual property development company founded by Schilling and named for his jersey number.
Posted 5/16/12

(Updated 12:40p.m.)

PROVIDENCE – 38 Studios LLC is on "standby" as the R.I. Economic Development Corporation deliberates the information from a closed door meeting on the company's financial situation.

The “emergency special meeting” of the EDC’s board of directors started at roughly 8:50 a.m. at the EDC offices at 315 Iron Horse Way , Suite 101, in Providence.

38 Studios founder and former Red Sox pitcher Curt Schilling was in attendance of the closed door meeting, but was not made available to the more than a dozen media personnel for questions.

38 Studios staff members were on "standby" in a separate room at the EDC offices for a better part of the morning while the board of directors deliberated on the company's presentation.

Schilling left EDC offices at 12:40 p.m. “My priority right now is to get back to my [company],” he told reporters.

State officials including Gov. Lincoln D. Chafee and EDC Executive Director Keith W. Stokes have been meeting with 38 Studios officials since the weekend to try to avoid what the governor described as the company’s potential “insolvency.”

Chafee said that his office and the EDC would make whatever information they could public after the meeting.

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Register today for the First Annual PBN Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Click here for more information, including the list of winners.
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
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