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38 Studios

PROJECT COPERNICUS, the 38 Studios game in development when the company declared bankruptcy last year, failed to attract an "acceptable offers" in a Dec. 10 auction of 38 Studios' intellectual property assets. Above, screenshots of the Project Copernicus massively multiplayer online role-playing game. / COURTESY 38 STUDIOS

38 Studios’ Copernicus fails to deliver, as auction grosses $320K

PROVIDENCE – A Dec. 10 auction of 38 Studios’ intellectual property assets grossed $320,000, but no “acceptable offers” were made for the 38 Studios...
AN AUCTION OF 38 Studios intellectual property rights originally scheduled for this week has been postponed until Dec. 11, due to "strong response" for potential bidders and the recent discovery of additional 38 Studios assets. Above, a screenshot from "Rise of Nations," a real-time strategy game developed by 38 Studios affiliate Big Huge Games and among the assets heading to the auction block. / COURTESY HERITAGE GLOBAL PARTNERS

38 Studios auction postponed on ‘strong response’ from bidders

PROVIDENCE – Citing “strong response from worldwide gaming developers and investors,” Heritage Global Partners announced Wednesday that the auction of 38 Studios’ intellectual property...
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. / COURTESY HERITAGE GLOBAL PARTNERS

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

PROVIDENCE – An auction of the rights to the 38 Studios video game under development when the company declared bankruptcy, codenamed “Project Copernicus,” has...
SUPERIOR COURT JUDGE MICHAEL A. SILVERSTEIN has allowed most of the state's lawsuit against those involved in the 38 Studios loan guarantee, including founder Curt Schilling, to proceed.  / BLOOMBERG FILE PHOTO/TONY AVELAR

Judge allows most of EDC’s 38 Studios suit to proceed

PROVIDENCE – A superior court judge Wednesday allowed the bulk of Rhode Island’s lawsuit against the architects of the 38 Studios LLC loan deal...
CURT SCHILLING, founder of 38 Studios LLC and a former Boston Red Sox pitcher, told the Boston Globe he had a heart attack as the company was failing. / BLOOMBERG FILE PHOTO/SCOTT EELLS

Schilling talks heart attack, 38 Studios

KISSIMEE, Fla. – Former Red Sox pitcher and 38 Studios owner Curt Schilling had a heart attack as the video game company struggled, The...
CURT SCHILLING'S video game company was the main reason for Rhode Island's loan guarantee program passed in 2010, according to emails released during House hearings on the 38 Studios deal. / BLOOMBERG FILE PHOTO/TONY AVELAR

Emails show origins of 38 Studios deal, loan program

PROVIDENCE – Emails from the former head of the R.I. Economic Development Corporation appear to show that without a deal with 38 Studios LLC...
THE RHODE ISLAND HOUSE OVERSIGHT COMMITTEE will take on the state's multimillion-dollar loan guarantee to the now bankrupt 38 Studios in hearings to start Wednesday. / COURTESY WIKIPEDIA/CHENSIYUAN

House committee to begin 38 Studios hearings

PROVIDENCE – A Rhode Island House committee will open hearings Wednesday afternoon into the state’s $75 million loan guarantee to 38 Studios, WPRO reported. The...
ON THE GENERAL ASSEMBLY'S DECISION  not to renege on the debt related to failed videogame company 38 Studios, Moody's Investors Service announced that it will not downgrade Rhode Island's Aa2 general obligation debt rating. / BLOOMBERG FILE PHOTO/SCOTT EELLS

On GA decision, Moody’s declines to downgrade R.I. debt

NEW YORK – Moody’s Investors Service announced that it will not downgrade Rhode Island’s Aa2 general obligation debt rating in light of the General...
BY AGREEING TO A $2.5 million payment towards the debt the state inherited from 38 Studios LLC, Rhode Island may have preserved its credit rating. / COURTESY JACK NEWTON, VIA FLICKR/ CREATIVE COMMONS

Rhode Island House backs paying Schilling debt to avoid downgrade

BOSTON – Rhode Island lawmakers eased the threat of defaulting on bonds that backed former Boston Red Sox pitcher Curt Schilling’s videogame company, agreeing...
THE HOUSE OF REPRESENTATIVES adjourned Tuesday after 10 hours of debate over the fiscal 2014 budget. The state's legislative body is set to reconvene at 2 p.m.  / COURTESY WIKIPEDIA/CHENSIYUAN

R.I. House halts budget debate

PROVIDENCE – Members of the House of Representatives will reconvene Wednesday afternoon to continue debate on a fiscal 2014 budget. The suspension of the session...
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