Quantcast
Destructoid: Videogame News & Community

DestructoidJapanatorTomopopFlixist





    New     trending       featured       controversial       weirdest       by author       freebies       |       following





DESTRUCTOID, EST. IN 2006, IS AN INDEPENDENT NEWS COMPANY. WE ARE GAME CRITICS. OUR COMMUNITY IS RAW, VOCAL, AND HARDCORE <3
Support Dtoid by becoming a Huge Member








Dtoid is...

Hamza Aziz
Chief Executive
Dale North
Editor-in-Chief
Max Scoville
Video Warlock
Steven Hansen
Features Editor
Chris Carter
Reviews Director
Jordan Devore
News Editor
Andy Dixon
Community Manager
Phil Janca
King of the Stream
Spencer Hayes
Defender of Dtoid.tv
Niero G.
Founder

Editors
Meet the team

Our sites
Flixist
Japanator
Tomopop

Contact Us
Suggest News
Advertising
Privacy
Contact Us

10:15 AM on 12.16.2013

Kingdoms of Amalur wasn't sold at 38 Studios auction

The auction for 38 Studios assets happened, and while the Rise of Legends and Rise of Nations franchises sold for $320,000, no one made a good offer for Kingdoms of Amalur. 38 Studios founder Curt Schilling thinks that the se...

Joshua Derocher


Advertisement:

Up to 90% off this week at Paypal's Spring Gaming Sale

Are you ready for the 4th week of PayPal's Spring Gaming Sale? Games are now up to 90% off:

DarkSiders II - 90% off     |     GhostControl Inc. - 30% off
Worms Armageddon - 66% off     |     PixelJunk Franchise - 56% off
Race the Sun + Soundtrack - 40% off     |     EVE - 75% off + free ship
Call of Duty: Ghosts - 50% off     |     G2A Gift Cards - 7% off

Hurry, deals end on 4/17 @ 8 GMT. You can also buy all the games at G2A.COM at 7% off with G2A Gift Cards. Shop Now




11:00 AM on 12.13.2013

No one wanted to help Rhode Island be ostriches

Last month, Kyle called Rhode Islanders ostriches for wanting the state to simply not pay the $90 million owed to investors who purchased bonds used to fund Curt Schilling's now-defunct development house, 38 Studios (Kingdoms...

Steven Hansen

10:00 AM on 11.30.2013

Curt Schilling: Amalur IP is a 'billion dollar' franchise

There's no denying that Kingdoms of Amalur: Reckoning, was a solid action-RPG. It didn't break the mold by any means, but it was bright, colorful, and served up a satisfying blend of action and loot hoarding. And while I enjo...

Wesley Ruscher

1:30 PM on 11.21.2013

Poll: Half of voters want to default on 38 Studios loan

A majority of Rhode Islanders are in favor of becoming ostriches, burying their heads in the sand, and pretending the debt incurred from the state's ill-fated loan to Kingdoms of Amalur developer 38 Studios no longer exists, ...

Kyle MacGregor

10:30 AM on 11.15.2013

Finished Rise of Nations game found in 38 Studios assets

38 Studios went bankrupt, and now all of its goodies will be sold at an upcoming auction. One of the properties to be auctioned off is Rise of Nations: Tactics, a Mac game that is fully finished. A company hired to assist wit...

Joshua Derocher

8:00 AM on 10.13.2013

Court battle over 38 Studios begins in Rhode Island

The trial between 38 Studios founder Curt Schilling and the Rhode Island Economic Development Corporation has begun. Opening arguments from both sides were made Friday in Rhode Island Super Court, The Providence Journal repor...

Kyle MacGregor

10:00 AM on 10.06.2013

Rhode Island governor allegedly forced 38 Studios closure

The former head of the Rhode Island Economic Development Corporation has accused the state's governor, Lincoln Chafee, of preventing 38 studios' attempts to avoid bankruptcy, the Boston Globe reports.  Keith Stokes, the ...

Kyle MacGregor

7:00 PM on 09.29.2013

38 Studios assets to be auctioned this November

The cautionary tale that is 38 Studios is nearing its conclusion. The company shuttered its doors last year, laid off its entire staff, and defaulted on its Rhode Island taxpayer-backed loan en route to ba...

Kyle MacGregor

6:00 AM on 03.05.2013

Schilling looking to dismiss lawsuit over 38 Studios loan

Curt Schilling has requested a judge throw out the lawsuit against his now-defunct development house. Following the dissolution of 38 Studios, the Rhode Island Economic Development Corporation accused Schilling and his busine...

Kyle MacGregor

10:30 PM on 01.17.2013

Schilling auctioning bloody sock to pay 38 Studios debts

Former MLB pitcher Curt Schilling is selling his personal effects to pay off the debts of 38 Studios. Last year, the company released Kingdoms of Amalur: Reckoning only to file for bankruptcy and shutter months later. Am...

Kyle MacGregor



Remembering studios that closed in 2012 photo
Remembering studios that closed in 2012
by Sterling Aiayla Lyons

This year was great in general for videogames. Beyond the predictable success of games like Halo 4 and Call of Duty: Black Ops II, there were a ton of hits that came out of nowhere, including not just big publisher titles, but indie games as well. Narrative in gaming also started taking a greater stage with games such as Spec Ops: The Line and our very own game of the year, The Walking Dead, making waves with player agency in story and presenting well-developed plots and characters to boot. 

The year wasn't entirely sparkles, double rainbows, and purple fairies though. Along with the good came a hoard of bad for the industry. There were a mass number of studio closures, for starters. Here's a recap of some of the many development studios that didn't make it through the year. Out of respect for the subject matter, this list is not presented in any particular order.

view full story + comments






5:00 AM on 10.01.2012

No federal criminal charges for Schilling, 38 Studios

Earlier this summer news broke that the Rhode Island U.S. Attorney and FBI would be launching a criminal investigation into the finances of defunct Kingdoms of Amalur: Reckoning developer 38 Studios. On Friday, a spokesman fo...

Kyle MacGregor

11:30 PM on 09.07.2012

The DTOID Show: Fart Cat, Remember Me & Tara's Mom

Hey guys! Today's Destructoid Show was very exciting, because Tara's mom was here. Today we talk about G4 trying to become GQ, XCOM: Enemy Unknown's PC pre-purchase perks, Capcom's ten minutes of Remember Me, Rayman Jungle Run, Trials Evolution coming to PC, and most importantly: Fart Cat. Also, Tara's a backup dancer in Zumba Fitness Core, so go buy that right now.

Max Scoville

12:30 PM on 07.30.2012

38 Studios shelled out $133 million prior to shuttering

The demise of 38 Studios has been a well chronicled one, but perhaps you're interested in knowing exactly how much money the now defunct developer used prior to shuttering earlier this year. According to WPRI, that figure exc...

Kyle MacGregor



38 Studios declares bankruptcy, investigation begins photo
38 Studios declares bankruptcy, investigation begins
by Samit Sarkar

The death knell has sounded for 38 Studios. Following the layoff of its entire 379-person staff two weeks ago after missing a $1.125 million loan payment to Rhode Island, the developer of Kingdoms of Amalur: Reckoning and the Project Copernicus MMO has filed for Chapter 7 bankruptcy, which means that the company is officially no more and its assets will be liquidated. Here's the full statement from a 38 spokesman, as given to the Providence Journal:

This action comes after several weeks when the company has reviewed, considered and received the recommendations and advice with respect to potential avenues for relief that are currently available. After ongoing negotiations with the State of Rhode Island and potential investors and other interested parties, the Company has been unable to find a solution to the current stalemate.

The bankruptcy filing comes one day after state and federal officials -- the Rhode Island State Police, Rhode Island Attorney General, Rhode Island U.S. Attorney, and the FBI -- launched a criminal investigation into 38 Studios' finances. Rhode Island State Police Col. Steven O'Donnell told WPRI that they will be looking into "both the money that came from the state as well as the money that came from Bank Rhode Island."

The state funds are the original $75 million loan from the Rhode Island Economic Development Corporation to 38 Studios, initiated in 2010. Bank Rhode Island loaned the company $8.5 million earlier this year, issued against state tax credits that never came to pass. According to O'Donnell, the timing of the investigation and the bankruptcy filing is a coincidence.

view full story + comments


8:00 PM on 06.03.2012

Epic Games saves Big Huge Games staff, now Epic Baltimore

After effectively gambling with this month's rent money in a bid to pay for next's, things were looking pretty bleak a for Curt Schilling's 38 Studios. Running into financial difficulty following the release of Kingdoms of Am...

Kyle MacGregor