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38 Studios Facing Financial Troubles

Kingdoms of Amalur: Reckoning released earlier this year to moderate critical acclaim, and has now sold over 410,000 copies across all platforms. Yet, this may not have been enough to consider the game a success, as 38 Studios, owner of developer Big Huge Games has reached out to the Rhode Island government to stay solvent.

“We’re always working to keep Rhode Island companies solvent, and that’s what we’re doing with 38 Studios,” Governor Lincoln Chafee told local TV station NBC 10. “We’re working with 38 Studios on different issues. That’s all I can report right now.”

Rhode Island originally offered a $75 million loan in 2010 to the company to bring jobs and tax revenue into the state. This move wasn’t exactly met with unanimous support, but studio founder Curt Schilling guaranteed that, “the only way taxpayers lose is if the company failed.”

Reckoning hasn’t been a failure, but it seems as if things aren’t going as planned for anyone involved. 38 Studios is currently working on the long-anticipated MMO Project Copernicus, but while it may have over ten thousand years of lore courtesy of R.A. Salvatore, the future of the product is now in jepordy.

Did you pick up Kingdoms of Amalur: Reckoning earlier this year? If so, were you satisfied with your purchase? Give us your thoughts in the comments below, or discuss 38 Studios in our forums.

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