38 Studios to Set Up Shop in Providence

September 23, 2010 -

Curt Schilling’s 38 Studios has selected a location in Providence, Rhode Island for its new home, one that it hopes will eventually become the base of an Ocean State “videogame cluster.”

The developer will take up residence at One Empire Plaza (pictured), a six-story, 104,000 square foot facility. The location proved attractive to 38 Studios, due to its “vibrant mix of office buildings, restaurants and entertainment venues and its proximity to multiple universities rich with talent such as the University of Rhode Island, Johnson & Wales University, Brown University, and the Rhode Island School of Design (RISD).”

38 Studios CEO Jen MacLean said about the developer’s new home, “The staff at 38 Studios is incredibly excited about our relocation to Providence and we expect to be the first of many relocating knowledge-economy companies that will take advantage of the opportunities Rhode Island provides.”

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Reshuffled 38 Studios Deal Doesn’t Appease Foes

September 10, 2010 -

The Rhode Island Economic Development Corporation’s (EDC) adjustment of a loan used to lure Curt Schilling’s 38 Studios from Massachusetts to Rhode Island did little to throttle hostility towards the deal from a pair of gubernatorial candidates.

Under new terms, about $20 million of the $75 million dollar loan will be held aside in escrow in case it’s needed to pay for three years of repayments on the loan. 38 Studios will end up with about $51 million under the new stipulations.

Democratic candidate for governor Frank Caprio said that the loan deal has now gone from “bad to worse,” indicating to the Providence Journal that the setting aside of money for repayments only highlights the risk of the whole transaction.

Independent gubernatorial candidate Lincoln Chafee agreed, saying that the reserve is a warning sign that 38 Studios would not be able to repay the loan.

Schilling Loan Shaved

September 8, 2010 -

Curt Schilling’s 38 Studios will have to make do with just a $51 million loan from Rhode Island’s Economic Development Corporation (EDC), as around one-third of the original loan amount of $75 million will be held aside for three years worth of repayments on the debt.

WPRI.com reported the news, citing a fact sheet issued by the EDC. After issuing the document, an EDC spokesperson indicated that the organization would no longer speak to reporters about the deal until it was finally closed.

While there was no mention of whether or not 38 Studios might eventually receive the $20 million or so being held aside, it was reported that, if approved, the deal would see 38 Studios receive $13 million right away, with another $38 million dispersed over the next 15 months, providing Schilling’s company meets certain goals and criteria.

Another “success fee” of between $15.3 and $18.8 million could be earned by 38 Studios, though no mention of terms and/or conditions were on the EDC fact sheet.

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Caprio Now Attempting to Put Brakes on 38 Studios Loan

September 1, 2010 -

Rhode Island Democratic gubernatorial candidate Frank Caprio (pictured) is now attempting to block the $75 million loan used to lure Curt Schilling’s 38 Studios from Massachusetts.

Caprio, who is also the state’s General Treasurer, has expressed tepid uncertainty about the deal all along, calling for the state’s Economic Development Corporation to modify the loan and questioning the bond structure that will finance it.

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RI Gubernatorial Debate Offers Spirited Jousting Over 38 Studios Deal

August 27, 2010 -

The more feisty exchanges in a debate among Rhode Island gubernatorial candidates on Thursday revolved around plans from that state’s Economic Development Corporation (EDC) to grant 38 Studios $75 million in guaranteed loans in order to get the Curt Schilling-helmed company to move from Massachusetts.

As recounted by the Providence Journal, when asked by a moderator for their views on the 38 Studios deal, Independent candidate, and perpetual opponent of the transaction, Lincoln Chafee called the loan a mistake and indicated that the first payment of $15 million would go out to Schilling’s company next Tuesday.

This prompted Democratic candidate Frank Caprio to snap at Chafee, saying, “You don’t have your facts straight. You don’t understand the deal. You don’t know the first thing about this.”

Schilling Deal Still Fueling Chafee’s Campaign

August 24, 2010 -

Rhode Island Independent candidate for governor Lincoln Chafee (pictured) is continuing to utilize a $75 million loan used to lure Curt Schilling’s 38 Studios from Massachusetts to the Ocean State as a campaign issue, but is running into some closed doors.

Chafee had previously stated that Rhode Island’s Economic Development Corporation (EDC) should suspend the 38 Studios deal and start a public process in order to see if the loan money might be better spent on other companies or proposals. On Monday, Chafee attempted to gain access to a meeting between the EDC Board and Governor Donald Carcieri, but, according to the Providence Business News, Chafee, after “a quick handshake” with Carcieri, was “waved off” in his request for a face-to-face confrontation.

A campaign representative for Chafee later delivered a letter to EDC attorney Robert Stolzman at a public meeting, but only after the current governor refused to accept it.

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RI Treasurer Continues to Question Schilling Deal

August 11, 2010 -

Rhode Island Treasurer Frank Caprio is still attempting to poke holes in a $75 million guaranteed loan that helped lure Curt Schilling’s 38 Studios to the Ocean State from Massachusetts.

Speaking to Providence’s NBC 10 I-Team, Caprio, who is also a Democratic candidate for Governor, said that investors might be hesitant about buying into the $75 million "moral obligation" bonds because the nature of their structure makes them high risk and "there's nothing legally that would make Rhode Island pay off the investors."

Caprio continued:

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RI Candidates Lash Out at 38 Studios Sweetheart Deal

August 10, 2010 -

Say this for the deal Curt Schilling and his 38 Studios worked out with the state of Rhode Island; it’s giving political candidates in the state a platform to campaign on and rail against.

38 Studios was lured to Rhode Island from its current home in Massachusetts, largely due to a guaranteed $75.0 million loan from the Rhode Island Economic Development Corporation (EDC). This commitment raised the ire of Ocean State Independent Gubernatorial candidate Lincoln Chafee, who previously questioned Schilling’s integrity by intimating that the pitcher may have faked an injury in the 2004 American League Championship Series.

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Schilling Brushes Back Criticism About Move to RI

July 28, 2010 -

Curt Schilling, who accepted a guaranteed $75 million loan from Rhode Island and will move his game development company 38 Studios to the Ocean state from its current home in Massachusetts, took to the airwaves of WEEI to stand up for his decision.

Schilling, appearing on the Dennis & Callahan Morning Show earlier today, was asked, “In a perfect world, would you have liked Massachusetts to have shown a little bit more love and kept your company here?” Schilling answered, “Absolutely.”

He continued:

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Schilling Bolts Massachusetts for Rhode Island (Updated)

July 27, 2010 -

Unable to resist a $75 million dollar loan from Rhode Island, former Red Sox pitcher Curt Schilling will pull up stakes and move his videogame development company 38 Studios to the Ocean State.

Boston.com reports that the Rhode Island Economic Development Corporation approved the loan guarantee yesterday, because the addition of 38 Studios to Rhode Island “offered growth opportunity and could help drive the state's economy.” Massachusetts officials didn’t give up without a fight, as talks had been ongoing with the company to see what could be done to keep it in the state, but incentives offered couldn't match those of their neighbor to the South.

Schilling stated, “I’ve invested a significant amount of my life’s earnings in 38 Studios, and I will protect the loan guarantee that’s been given by the state with the same passion and interest that I’m protecting my own investment in this company.”

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Massachusetts Fighting to Keep Schilling’s 38 Studios

July 15, 2010 -

While Rhode Island may be trying to entice Curt Schilling’s 38 Studios to move south with a proposed $75 million dollar loan, Massachusetts, current home to the development studio, is not taking the attempted poaching without a fight.

A Boston.com story (thanks IndustryGamers) features quotes from Kofi Jones, a spokesperson for Massachusetts’s Secretary of Housing and Economic Development Gregory Bialecki, who stated, “We have been proactive in working with them and asking them what their needs are, as far as staying here and growing here in the state.”

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Ocean State Trying to Lure Schilling’s Development Company

July 12, 2010 -

Ex-Major League Baseball pitcher Curt Schilling may have retired some years ago, but he is still getting wooed like he’s still a top free agent pitcher.

Boston.com carries word that Rhode Island is in the midst of guaranteeing a $75 million loan to Schilling’s 38 Studios LLC in order to get the company to relocate from Massachusetts to its neighbor to the South. The Rhode Island Economic Development Corporation, a “quasi-public agency,” will hold a meeting on Thursday to consider the plan.

38 Studios, currently working on an RPG codenamed Project Mercury that will be published by Electronic Arts, as well as an MMORPG (codenamed Copernicus), currently employs 180 people in locations in both Maynard, Mass. and Maryland. Schilling expects to ramp up to 500 employees eventually.

Fantasy author R.A. Salvatore and comic creator Todd McFarlane are listed, along with Schilling, as 38 Studios’ “visionaries.”


38 Studios Boss Schilling Mulls Bid For Ted Kennedy's Senate Seat

September 3, 2009 -

Will former Red Sox ace Curt Schilling run for the Senate seat vacated by the recent death of Ted Kennedy?

If he does, how will MMO development at his company, 38 Studios be affected?

These remain open questions following yesterday's acknowledgement by Schilling that he is considering a bid for the late Kennedy's former spot. Writing on his 38 Pitches blog, Schilling was candid about his potential foray into big-time politics:

While my family is obviously the priority, and 38 Studios is a priority, I do have some interest in the possibility [of running]. That being said, to get to there from where I am today, many many things would have to align themselves for that to truly happen. I am not going to comment further on the matter since at this point it would be speculation on top of speculation.

Although Bloomberg reports that Schilling is a registered Independent, as GamePolitics reported during last year's presidential race, Schilling stumped for Republican contender John McCain. He is most definitely not an Obama fan.

The Boston Globe has additional quotes on the Senate issue from Schilling, including this one:

I'm not going to divulge the discussions, but I've been contacted by people whose opinion I give credence to and listen to, and I listened...

30 comments

38 Studios Head Curt Schilling is NOT an Obama Fan

February 12, 2009 -

Curt Schilling, lately of the Boston Red Sox, is a longtime gamer.

The former World Series ace, who started his MMO development company 38 Studios in 2007, likes to play the political game as well.

As GamePolitics reported last year, Schilling stumped for - and contributed to - the failed presidential campaign of Republican John McCain.

Schilling, however, doesn't seem inclined to take a wait-and-see posture on the three-week old administration of Democrat Barack Obama. In a blog entry headlined Wasn't The Rest of the World Supposed to Start Loving Us? the right-hander recycles a lengthy anti-Obama screed originally penned by conservative British journalist Peter Hitchens:

The swooning frenzy over the choice of Barack Obama as President of the United States must be one of the most absurd waves of self-deception and swirling fantasy ever to sweep through an advanced civilization... If you can believe that this undistinguished and conventionally Left-wing machine politician is a sort of secular saviour, then you can believe anything...

 

I was in Washington DC the night of the election... As I walked... there had been a few white people blowing car horns and shouting, as the result became clear. But among the Mexicans, Salvadorans and the other Third World nationalities, there was something like ecstasy.

They grasped the real significance of this moment. They knew it meant that America had finally switched sides in a global cultural war... The United States, having for the most part a deeply conservative people, had until now just about stood out against many of the mistakes which have ruined so much of the rest of the world.

Suspicious of welfare addiction, feeble justice and high taxes, totally committed to preserving its own national sovereignty, unabashedly Christian in a world part secular and part Muslim, suspicious of the Great Global Warming panic, [the United States] was unique...

And now the US, like Britain before it, has begun the long slow descent into the Third World. How sad...

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Sleaker@EZK - I think some people are concerned beacuse it's a predatory technique targetted toward younger people that don't understand on top of offering the worst interest rates of any retailer around.07/30/2014 - 11:33am
MaskedPixelantehttp://www.joystiq.com/2014/07/30/europe-gets-long-detained-shin-megami-tensei-4-at-cut-price/ "Sorry you had to wait a year for SMT4, would a price cut make it sting less?"07/30/2014 - 10:29am
NeenekoI would hope not. Though it is not unheard of for store specific cards to be pretty good.07/30/2014 - 8:17am
E. Zachary KnightDoes anyone, or at least any intelligent person, expect a retail branded credit card to be anything close to resembling a "good deal" on interest rates?07/30/2014 - 7:13am
SleakerGamestop articles popping up everywhere about their ludicrous new Credit card offerings at a whopping pre-approval for 26.9% APR07/29/2014 - 10:19pm
Matthew Wilsonhttp://arstechnica.com/tech-policy/2014/07/podcasting-patent-troll-we-tried-to-drop-lawsuit-against-adam-carolla/ the podcasting patent troll scum is trying to turn tail and run.07/29/2014 - 9:50pm
MaskedPixelanteOf course it's improved. At launch, Origin was scanning your entire hard drive, but now it's just scanning your browsing history. If that's not an improvement, I dunno what is!07/29/2014 - 8:59pm
Papa Midnighthttp://www.escapistmagazine.com/articles/view/video-games/columns/experienced-points/12029-Has-EAs-Origin-Service-Improved-Any-Over-the-Last-Two-Years07/29/2014 - 8:25pm
Sora-ChanSo it's just a matter of having better emulation software. If it can be done with a 3DS game, with all the memory and what not it takes up, it can be done with a GBA title through emulation.07/29/2014 - 7:30pm
Sora-ChanOther VC titles for the NES and Gameboy had the same setup where you couldn't access the homescreen without quitting out of the game til a later update when those games were released for the public outside of the founder program.07/29/2014 - 7:28pm
Sora-Chanthe 3DS can, and does, run GBA games, as seen by the founder gifts, which included a number of GBA titles. As for running GBA games and still having access to the home screen, I beleive it's more of the game emulation software needs to be updated.07/29/2014 - 7:27pm
Matthew Wilsonthe 3ds already swaps os's with the original ds. plus I dont think people expect miverse interaction when playing a gba game.07/29/2014 - 6:06pm
MaskedPixelanteBut that's not the issue, the 3DS is perfectly capable of emulating GBA games. The problem is that it doesn't have enough available system resources to run it alongside the 3DS OS, and thus it doesn't have access to stuff like Miiverse and save states.07/29/2014 - 5:45pm
Matthew WilsonI am well aware that it requires more power, but if a GBA emulator could run well on a original psp, than it should work on a 3ds.07/29/2014 - 5:36pm
ZenThe reason the SNES could run Gameboy, or the Gamecube could run GBA was because their adapters included all of the necessary hardware to do it in the respective add-ons. The systems were just conduits for control inputs and video/sound/power.07/29/2014 - 4:51pm
ZenMatthew: Emulation takes more power than people realize to run a game properly. You can make something run on less, but Nintendo...as slow as they are at releasing them..makes them run as close to 100% as possible. Each game has its own emulator for it.07/29/2014 - 4:47pm
Matthew Wilsonkind of hard to believe since the 3ds is atleast as powerful as the gamecube hardware wise.07/29/2014 - 4:27pm
MaskedPixelanteYes, the 3DS has enough power to run 16-bit emulators, but not at the same time it's running the 3DS systems themselves. You could run the games, but you wouldn't get save states or Miiverse.07/29/2014 - 4:04pm
InfophileRunning GBA on 3DS shouldn't be hard. The DS had flashcarts sold for it that added just enough power to emulate GBA and SNES games, so the 3DS should have more than enough natively.07/29/2014 - 3:37pm
MaskedPixelanteIt's a bunch of people whining about boycotting/pirating Trails in the Sky FC because XSEED didn't license the Japanese dub track, which consists of about 10 lines per character.07/29/2014 - 11:27am
 

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