38 Studios' founder Curt Schilling now claims he is "tapped out" after spending over $50 million of his own money to help fund the now shut down 38 Studios.
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38 Studios had filed for Chapter 7 bankruptcy, meaning that the company will be liquidated. Meanwhile, a criminal probe into what happened at the game development studio has been launched.
38 Studios founder Curt Schilling has finally spoken publicly about what happened to his game development studio, claiming that the state of Rhode Island and its governor broke their promises.
38 Studios has reportedly laid off all of its employees today, a couple of weeks after financial issues at the game developer behind Kingdoms of Amalur: Reckoning first came to light.
The troubled 38 Studios has finally released the first in-game trailer from Project Copernicus, its long-in-development MMO game that's now got a release date of June 2013.
A new report claims that game developer 38 Studios tried to offer a payment for their load to the Rhode Island state government, only to later tell the government the company had insufficient funds.
38 Studios founder Curt Schilling is asking the state government of Rhode Island for more help even as the game developer missed a required loan repayment to the state earlier this month.
The fate of Kingdoms of Amalur: Reckoning game developer 38 Studios is currently uncertain as reports are coming in that the company may be suffering from financial issues.