38 Studios back in default

VIDEO GAME DEVELOPER 38 Studios is back in default on its $75 million loan deal with the R.I. Economic Development Corporation, according to Gov. Lincoln D. Chafee, for not providing enough notice when it laid off its nearly 400 workers this week. / BLOOMBERG FILE PHOTO/TONY AVELAR
VIDEO GAME DEVELOPER 38 Studios is back in default on its $75 million loan deal with the R.I. Economic Development Corporation, according to Gov. Lincoln D. Chafee, for not providing enough notice when it laid off its nearly 400 workers this week. / BLOOMBERG FILE PHOTO/TONY AVELAR
PROVIDENCE – Gov. Lincoln D. Chafee said Friday afternoon that 38 Studios LLC, the embattled video game developer founded by former Boston Red Sox pitcher Curt Schilling, was back in default on its $75 million loan guarantee deal with the state. During a press conference, Chafee said that while the company had worked its way…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -