Tag: Curt Schiller
Why the Collapse of 38 Studios May Be Good for Rhode Island
As we all know, the state of Rhode Island loaned 38 Studios $75 million on the condition that the video game developers create 450 new jobs over the next three years. As we also know, 38 Studios could either make a payment or keep its staff, but not both. The loan was serviced, but the staff was let go en masse on May 24. If you’re a taxpayer in the state of Rhode Island who is looking down the barrel of a $75 million deficit (and that’s not including interest), you might be feeling a little testy now. But despite evidence to the contrary, this incident could be good for Rhode Island in the long run.
Don’t Let 38 Studios Sour You: Video Games Are Good for Your State’s Economy
Videogame company 38 Studios, makers of Kingdoms of Amalur: Reckoning and an upcoming MMORPG set in that game’s universe has recently collapsed, leaving $90 million in unpaid principal and interest to the state of Rhode Island. (And let’s not forget those 413 employees in R.I. and Maryland who were suddenly laid off without pay.) The […]
Don’t Let 38 Studios Sour You: Video Games Are Good for Your State’s Economy
Videogame company 38 Studios, makers of Kingdoms of Amalur: Reckoning and an upcoming MMORPG set in that game’s universe has recently collapsed, leaving $90 million in unpaid principal and interest to the state of Rhode Island. (And let’s not forget those 413 employees in R.I. and Maryland who were suddenly laid off without pay.) The […]
