Analysts Offer Thoughts on Schilling’s Future

August 4, 2010 -

As Curt Schilling’s 38 Studios prepares to move from Massachusetts to Rhode Island, lured in part by a $75 million loan, stipulations of the agreement between the game maker and the state are coming to light.

One provision of the deal dictated that 38 Studios would eventually ramp up to 450 employees. According to WPRI.com, if Schilling’s company fails to meet that goal by August of 2013, the developer would have to pay the state $7,500 a year for each absent job.

Schilling himself estimated that Electronic Arts has invested upwards of $50 million into 38 Studios as a partner and eventual publisher of the just-revealed role-playing game Kingdoms of Amalur: Reckoning. That figure was called “enormous” by Janco Partners analyst Mike Hickey, who intimated that EA may be supporting 38 Studios’ development costs as well with such a princely sum.

Meanwhile, Pacific Crest Securities analyst Evan Wilson worried that such an investment would limit 38 Studios’ earnings, since it would have to repay EA for its investment first.

Wedbush Securities analyst Michael Pachter, more discussing the developer’s massively-multiplayer online game in development (codenamed Copernicus), told the publication, “My guess is that [38 Studios] will succeed, but it's really hard to forecast without seeing the game.”

Pachter further stated, "38 Studios is doing everything right to minimize the risk of failure."

Wilson added, “As a state, if you want to start attracting more talent either in tech, media or entertainment, then video games I think is a good place to do that.”


 
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EA has shuttered Maxis (The Sims, SimCity). Should it keep the Maxis name alive?:

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Andrew EisenPM - Yep, that's the one.03/06/2015 - 12:53am
TechnogeekBest case, it was some marketing douchebag who thought they could pander to both sides at once.03/06/2015 - 12:49am
TechnogeekAlso, this was the mistake tweet: http://i.imgur.com/4eLWNHx.jpg03/06/2015 - 12:48am
TechnogeekBecause nothing says "open, diverse gaming community" like buddying up with Breitbart.03/06/2015 - 12:47am
Papa MidnightAndrew Eisen, I believe this is the picture that you seek: http://i.imgur.com/Gdk60pa.jpg03/06/2015 - 12:30am
Papa MidnightSurely, Goth_Skunk, you say that in jest?03/06/2015 - 12:28am
prh99Craig R. Cause quite a few of them are not, they're bullies with different politics.03/06/2015 - 12:23am
MechaTama31What was the "mistake" tweet?03/06/2015 - 12:18am
MechaCrashWhatever you say, Goth.03/06/2015 - 12:02am
E. Zachary KnightGoth, they could have fooled me.03/05/2015 - 11:16pm
Goth_SkunkI don't understand. GamerGate supports an open, diverse gaming community for all as well. Google's statement is contradictory.03/05/2015 - 10:59pm
TechnogeekAnd as far as the Card thing went, I basically balanced it out personal guilt-wise by donating an amount equal to the Shadow Complex purchase price to the ACLU.03/05/2015 - 9:44pm
TechnogeekWelp, look like the Gerberghazi crowd is going to have to use Bing now. https://twitter.com/googlecloud/status/57365320825126093003/05/2015 - 9:42pm
Goth_SkunkAhh! I misinterpreted your statement about being left with almost every game in existence. I interpreted it as 'If you boycott games he's been involved with, you're boycotting almost all of them.'03/05/2015 - 9:31pm
Andrew EisenGoth - Card has been involved with only a small handful of games so if one were to boycott games for his involvement, they wouldn't be missing out on many games.03/05/2015 - 9:29pm
Goth_Skunk@Craig: Only if you're not interested in seeing it end.03/05/2015 - 9:27pm
Craig R.Instead of calling people the "anti gamergate faction", you could just call them "sane"03/05/2015 - 9:23pm
Goth_SkunkWhat do you mean 'almost every game in existence'? Card is a writer, not a game developer.03/05/2015 - 9:18pm
Andrew EisenBut I too wonder how many people who cry boycott actually follow through. I vaguely remember a few years ago a bunch of people boycotting one of the CoD games and were all found playing it on Steam.03/05/2015 - 7:53pm
Andrew EisenAn interesting quandary but not equivalent as boycotting games that Card was involved with leaves you with... well, almost every game in existence.03/05/2015 - 7:51pm
 

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