38 Studios' Cheque to Rhode Island Clears. Copernicus MMO Due 2013
Written Saturday, May 19, 2012 By Richard WalkerView author's profile
Kingdoms of Amalur: Reckoning developer 38 Studios has managed to clear its first payment out of the $49 million loan to the Rhode Island Economic Development Corporation after a cheque for $1.25 million initially bounced due to insufficient funds. The studio is now seeking private funding to continue operating.
38 Studios' next payment to the RIEDC for $2.6 million is due this November, with $12.6 million then due in 2013. Private funding is now the only way the developer will be able to carry on with future projects. "There's not going to be any money from the state. They're not coming here for easy money," commented state Governor Lincoln Chafee.
Governor Chafee then revealed that 38's next endeavour, an MMO codenamed Copernicus is due for release in June 2013. Chaffe admitted the state could have benefitted from 38 Studios' success, before asserting that he wouldn't be so open to striking up a similar deal in the future. "Never. Not on my watch," he said.