Michael Pachter: Amalur IP Worth $20 Million

If 38 Studios is forced to sell the IP related to Kingdoms of Amalur: Reckoning and the MMO Project Copernicus (set in the same universe), one wonders how much both properties would be worth. Joystiq decided to ask Wedbush Morgan analyst Michael Pachter for a valuation and he came to the conclusion that 38 Studios' IP is worth about $20 million.

"Nobody is buying MMOs after Star Wars fizzled. I think value is low, probably $20 million or so," Pachter told Joystiq. "There is just no demand for game assets right now, as THQ proved when it tried to sell the Warhammer MMO. I think [Electronic Arts] could step in, since they are the publisher, so you might see some alternative way to get 38 some bridge financing."

Of course EA has not announced a publishing deal with 38 Studios for its MMO, and when asked about it, Jeff Brown of EA corporate communications said that there hadn't been an announcement on such a deal.

He added that he enjoyed "working with Curt and his team on their first game, Kingdoms of Amalur: Reckoning" and that EA was looking "forward to what 38 Studios creates next."

Source: Joystiq

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