It seems that 38 Studios, the company that made Kingdoms of Amalur: Reckoning, might flatline due to financial issues and missed loan payments to Rhode Island shortly following the game's release. In the first two months, KoA:R barely managed to break the 400,000 sales marker, and while it's not a number to sneeze at, it doesn't even begin to cover the loan the company took out - a back breaking $75 million - and pay its employees. So in an effort to pay back the loans, they basically had to fire all their temp employees and contractors, and even then still can't pay their nearly 400 full time employees. The news is still coming out about this, but even after all this basically stripping the meat from the bone cutbacks, the company might not even be able to pay the first $1 million payment back to Rhode Island. If 38 Studios does go under (and it very well might if they're already in this much pain), Rhode Island taxpayers can expect to be dealt a $112 million wound.
6 years, 6 months ago
18 May 2012 18:02 CEST