38 Studios asks for more taxpayer help to stay afloat

The saga of 38 Studios has taken another turn as its founder, and former Boston Red Sox pitcher, Curt Schilling, is asking for the state of Rhode Island for even more help. A report from the WPRI.com site says that today, Schilling asked the Rhode Island Economic Development Corporation to assist the game developer in some way.

This news comes after it was revealed that 38 Studios missed a May 1 deadline to pay $1.125 million back to Rhode Island. The loan repayment was part of the $75 million loan agreement that the state set up with the game developer in 2010. At the time, Schilling said he and 38 Studios would use the money to hire 450 people in their Rhode Island offices to work on its fantasy MMO game, known only by its code name "Project Copernicus." So far, the developer has revealed little information on the game.

The developer has been in discussions with the state, along with its governor Lincoln Chafee, on how to solve 38 Studios' financial problems. The EDC board took no action today but did say it "will continue to talk with 38 Studios and develop additional information."

In February, 38 Studios' subsidiary Big Huge Games, based in Maryland, released the single player fantasy RPG Kingdoms of Amalur: Reckoning via EA. It received solid reviews and good, but not spectacular, sales.

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