38 Studios IP Auction Set for Nov. 14

A listing on the Heritage Global Partners' website reveals that 38 Studios' assets for its two game franchises – the MMO Project Copernicus and the action RPG Kingdoms of Amalur: Reckoning – will be sold at an online auction on November 14. Also on the block are several familiar Big Huge Games properties and game engine technology. The auction begins on the aforementioned date at 9:00 AM EDT and ends on November 15 at 12:00 PM EDT.

The auction for Project Copernicus will include "a 10,000 year world history, completed character 'races' and playable 'zones.'" The auction for Kingdoms of Amalur gives the purchaser the rights to create a sequel to Kingdoms of Amalur: Reckoning and assets for said sequel including "development concepts, game artwork and designs."

Also for sale are intellectual property rights in Big Huge Games’ classic PC strategy title series "Rise of Nations," "Rise of Legends" and the Xbox Live Arcade title "Catan," as well as development technology such as the "Big Huge Games Engine" and the 38 Studios’ gaming, social media and development platform codenamed "Helios."

The website goes on to say that those who are interested in taking part in the auction to buy one or more of these assets must sign a non-disclosure agreement.

"Upon submission of this agreement (Non Disclosure Agreement), interested parties will be provided access to secure files with complete descriptions and information regarding the intellectual property available at auction. Heritage Global Partners, Inc. makes no representations or warranties as to the validity or accuracy of the information contained therein."

You can find out more about the auction here.

The state of Rhode Island secured the property of 38 Studios after it defaulted on a $70 million loan guarantee provided by the state's Economic Development Corporation through bonds. The state hopes to put the money it generates from the sale of the auction to pay down the $90 – $100 million in debt that resulted from 38 Studios' failure to keep up payments on the loan. State lawmakers are also  looking into how the deal came about and how it failed so that it never happens again. It is also suing 38 Studios, its former officers, and former member of the EDC related to the deal.

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