38 Studios Possibly in Financial Trouble

Kingdoms of Amalur developer 38 Studios may be in financial trouble, according to a news report by Turn to 10.

Quote: State officials have been meeting with the video game company owned by former Boston Red Sox pitcher Curt Schilling, Gov. Lincoln Chafee told NBC 10 on Monday.

"We're always working to keep Rhode Island companies solvent, and that's what we're doing with 38 Studios," Chafee said.

Providence-based 38 Studios was founded in Massachusetts but lured to Rhode Island in 2010 after state officials offered it a $75-million loan guarantee. The state said its backing would help the company bring hundreds of jobs and millions of dollars of tax revenue to the state.

"We're working with 38 Studios on different issues. That's all I can report right now," the governor said.
Calls placed to 38 Studios on Monday were not returned.

38 Studios Possibly in Financial Trouble

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