38 Studios assets sold for $830,000

38 Studios assets sold for $830,000

The assets of 38 Studios and it’s subsidiary, Big Huge Games, have be sold at two separate state auctions, one in Rhode Island, and one in Maryland. These studios created and released the Fantasy RPG Kindgoms of Amalur: Reckoning in February of 2012, which met with generally favorable reviews.  However, financial problems plagued the studio, leading to it declaring Bankruptcy in June. Curt Schilling, who was a leading founder of the company, as lost much of the fortune he made in Major League Baseball through this closure.

38 Studios had planned to release a MMO based in the world of Amalur, titled Copernicus, but needed to sell upwards of 2 million copies to have the required funds to complete the project. However, when the game only managed to sell “between 1.3 and 1.4 million copies”, the studio  was unable to say solvent, nor pay back the “ $75 million in bonds sold by the Rhode Island Economic Development Corporation” for the purposes of game development.

As could be expected, the auctions mainly included high end computers, design technology, recording equipment and other office products, and brought in a combined total of $830,00. The Rhode Island Auction brought in far more than the Maryland counterpart, totaling $650,00.  There is however some hope for a future game set in the world of Amalur. The intellectual property of the Kingdoms of Amalur, which included design by R.A. Salvatore and Todd MacFarlane, will be sold “via a negotiated transaction expected to take place some time between now and the first quarter of 2013.”


Article from Gamersyndrome.com

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