RI Gubernatorial Candidate Praises Appointment of 38 Studios Loan Critics to House Oversight Committee

April 3, 2014 - GamePolitics Staff

Rhode Island gubernatorial candidate Ken Block (R) is as pleased as punch that newly-appointed House Speaker Nicholas Mattiello has appointed two long-time critics of the 38 Studios loan to leadership positions in the House Oversight Committee.

"They both have records of standing up to the political establishment and fighting against the back room corruption of the 38 Studios deal," Block said of Reps. Karen MacBeth, the new chairwoman, and Spencer Dickinson, the new vice-chairman.

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Rhode Island Speaker Hopes Subpoenas Won't Be Necessary in 38 Studios Case

April 3, 2014 - GamePolitics Staff

The new Rhode Island Speaker of the House, Nicholas Mattiello, says that he is hopeful that it will not be necessary to subpoena witnesses who were in some way involved in the 38 Studios loan guarantee, the Providence Journal reports.

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Rhode Island House Oversight Committee Chair Wants to Subpoena Key Figures in 38 Studios Deal

April 2, 2014 - GamePolitics Staff

The new chairwoman of the Rhode Island House Oversight Committee said that she wants to issue subpoenas to key figures in the 38 Studios deal including former House Speaker Gordon Fox. Rep. Karen MacBeth (D-Cumberland) said the committee could also seek to subpoena former House Finance Chairman Steven Costantino, as well as current and former employees of the Economic Development Corp.

MacBeth has been a vocal critic of the deal for quite some time and pushed hard to avoid paying back money owed on bonds related to the 38 Studios loan.

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Report: Rhode Island Economic Development Agency to Hold Meeting Related to 38 Studios Litigation Next Week

March 27, 2014 - GamePolitics Staff

The Rhode Island Economic Development Agency (formerly the Economic Development Corp.) has scheduled a special meeting about its lawsuit against 38 Studios next Monday, according to the Associated Press.

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RI Speaker of the House Relinquishing Leadership Role After FBI Raids

March 26, 2014 - GamePolitics Staff

While California State Senator Leland Yee (outspoken anti-video game crusader and author of the 2005 California video game law that was inevitability struck down by the U.S. Supreme Court in 2010) is getting a lot of press at the moment for being arrested by the FBI for alleged bribery and corruption, he is not the only state senator connected loosely with the video game industry in trouble this week.

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Rhode Island Hires Analyst to Study The Effects of Defaulting on 38 Studios Bonds

March 20, 2014 - GamePolitics Staff

The Providence Journal reports that the state of Rhode Island has hired Steven J. Johnson of SJ Advisors to study the potential impact of defaulting on the bonds related to the $75 million 38 Studios loan. Rhode Island lawmakers earmarked $50,000 in the current fiscal budget to study the potential financial impact that might occur if the state defaults on the loan guarantee greenlit by the RI Economic Development Corp.

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RI State Attorney Rebuffs Senator's Request for Documents in 38 Studios Case

March 10, 2014 - GamePolitics Staff

At the end of February we reported that Rhode Island State Senator James C. Sheehan planned to seek access to depositions and documents related to the state's court case against Curt Schilling's 38 Studios.

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Judge Denies RI Advisor Request to Be Shielded in 38 Studios Lawsuit

March 4, 2014 - GamePolitics Staff

It looks like Maureen Gurghigian, a senior vice president for the Lincoln office of financial firm First Southwest, will have to undergo more questioning in the ongoing lawsuit between Rhode Island Commerce Corporation (formerly known as the RI Economic Development Corp., or EDC) and bankrupt game developer 38 Studios, according to the Providence Journal.

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RI Lawmakers Want 38 Studios Lawsuit Depositions and Exhibits

February 27, 2014 - GamePolitics Staff

Rhode Island State Senator James C. Sheehan released a statement announcing that, as the Chairman of the Senate Committee on Government Oversight, he has formally requested that the committee be provided with copies of all documents (depositions and exhibits) relating to the civil lawsuit against 38 Studios.

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RI Commerce Corp. Takes Secret Votes on 38 Studios Related Matters

February 25, 2014 - GamePolitics Staff

The Rhode Island Commerce Corp. (the new name for the RI Economic Development Corp.) voted on Monday behind closed doors on legal matters related to its lawsuit against 38 Studios and a law recently passed in both houses of the state assembly that would allow it to settle the matter out of court.

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Opinion: No One Was Watching 38 Studios

February 24, 2014 - GamePolitics Staff

Columnist Russell J. Moore (clearly not a fan of Rhode Island Governor Lincoln Chafee and his Director of Administration) says in a new column that Richard Licht, the governor's Director of Administration, finally admitted publicly that the Governor's office "wasn't watching 38 Studios" after the Economic Development Corp. greenlit a $75 million loan and before it eventually defaulted on that loan and went bankrupt.

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RI Gov. Lincoln Chafee Signs 38 Studios Settlement Bill Into Law

February 14, 2014 - GamePolitics Staff

Rhode Island Governor Lincoln Chafee has quickly signed into law a bill that was passed yesterday in the RI House (and earlier in the week in the RI Senate) that will make it easier for the state to settle its lawsuit with 38 Studios and principles involved in the $75 million loan guarantee that enticed Curt Schilling to move his game development studio to Providence in 2010.

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RI House Approves 38 Studios Settlement Bill

February 13, 2014 - GamePolitics Staff

The Rhode Island House has approved a bill that will make it easier for the state to settle its lawsuit with Curt Schilling, other executives from 38 Studios, and others involved in the deal that could end up costing the state upwards of $100 - $110 million in the long-term. The RI Senate approved its own version of the bill earlier this month. With both houses of the State Assembly passing the bill, there's no doubt that Governor Lincoln Chafee will sign it into law the minute it crosses his desk (his administration pushed the legislature to pass the bill as quickly as possible).

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38 Studios Fiasco May Be Defining Issue in RI AG Race

February 11, 2014 - GamePolitics Staff

According to a Go Local Providence report, one of the defining issues in the campaign that could hurt Rhode Island Attorney General (D) Peter F. Kilmartin is the 38 Studios loan deal, which he voted for while in the General Assembly.

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SOE President Defends Curt Schilling, Calls RI Governor an 'Idiot'

February 11, 2014 - GamePolitics Staff

Sony Online Entertainment president John Smedley offered some harsh words for current Rhode Island governor Lincoln Chafee (I), who he painted as a saboteur in the last days before 38 Studios went bankrupt.

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Curt Schilling Diagnosed With Cancer

February 6, 2014 - GamePolitics Staff

Adding a new complication to the case for the state of Rhode Island in its lawsuit against former Red Sox pitcher and 38 Studios founder Curt Schilling is news today that he has been diagnosed with cancer. Schilling, who is now serving as an on-air sports analyst for ESPN, told the network about his condition today, though he did not go into any detail about what kind of cancer he has.

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Rhode Island Senate Passes 38 Studios Settlement Bill

January 31, 2014 - GamePolitics Staff

It should come as no shock that the Rhode Island Senate today unanimously approved legislation that encourages out-of-court settlements in the 38 Studios lawsuit. The news comes from a syndicated Associated Press report. The bill, which was floated to lawmakers by Governor Lincoln Chafee's office earlier this month and supported by the lead attorney representing the Rhode Island Economic Corp.

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RI Lawmakers Fast-Tracking 38 Studios Settlement Bill

January 29, 2014 - GamePolitics Staff

According to an Associated Press report, lawmakers in the state of Rhode Island are doing everything they can to fast track a bill that would make it easier for the Economic Development Corp. to settle its lawsuit against executives from 38 Studios and other parties being sued on behalf of the state.

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Rhode Island Lawmakers Propose Bill to Settle 38 Studios-Related Debt

January 9, 2014 - GamePolitics Staff

On Wednesday legislation was introduced in the Rhode Island General Assembly that would resolve the the $75 million loan guarantee to 38 Studios and subsequent debt when the company defaulted on the loan and filed for bankruptcy in 2012. The proposal, which was submitted at the request of Governor Lincoln Chafee's administration, deals with Chapter 42-64-40 of the state's General Laws, which covers "court-approved settlements."

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SEC Subpoenas Rhode Island Commerce Corporation for Information on 38 Studios Deal

January 3, 2014 - GamePolitics Staff

The U.S. Securities and Exchange Commission has subpoenaed the Rhode Island Commerce Corporation for information related to the state’s $75-million investment in former Red Sox pitcher Curt Schilling's 38 Studios video-game company, according to a Providence Journal report.

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Rhode Island Governor Calls Project Copernicus a 'Lot of Junk'

December 19, 2013 - GamePolitics Staff

The governor of Rhode Island said that he isn't surprised that many of the 38 Studios assets remained unsold after an online auction earlier this month failed to find a buyer. At a press conference today Rhode Island Gov. Lincoln Chafee told the press that Schilling's flagship MMO game "Project Copernicus," was a "a lot of junk."

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RI House Oversight Committee Continues 38 Studios Investigation in Early 2014

December 18, 2013 - GamePolitics Staff

The Rhode Island General Assembly is on recess until January, and while lawmakers in the state have kicked around a lot of contentious issues in the days leading up to the break, one committee has been silent since its last meeting in September: the House Oversight Committee’s review of the 38 Studios loan deal.

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Big Huge Games Assets Sell for $320K

December 13, 2013 - GamePolitics Staff

The Big Huge Games' assets that are part of the 38 Studios asset auction have fetched $320,000, according to a report on Joystiq. Sold as part of two lots, the Big Huge Games trademark was sold, along with the Rise of Legends and Rise of Nations strategy game properties. Details on who purchased these assets has not been disclosed.

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Someone Finally Shows Interest in Studying 38 Studios Loan Payback Options

December 12, 2013 - GamePolitics Staff

Yesterday we reported that no one bid on a $50,000 proposal put out by the state of Rhode Island to examine its options if it decided not to pay back the debt related to the $75 million loan given to Curt Schilling's 38 Studios. The state is on the hook for over $90 million or more (depending on who you ask) related to the deal. Well it turns out that - as of yesterday - one firm has stepped forward.

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No One Bids on Proposal to Study 38 Studios Loan Payback Options

December 11, 2013 - GamePolitics Staff

Last summer lawmakers passed a measure to make an initial $2.5-million payment to the investors who purchased the state-backed bonds that financed Schilling’s now-bankrupt video-game company, 38 Studios.

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Report: 38 Studios Asset Auction Happening Today

December 11, 2013 - GamePolitics Staff

According to a brief report on Boston.com from the Associated Press, the auction to sell off what remains of the 38 Studios intellectual property assets will happen today via a telephone auction.

The company handling the auction, Heritage Global Partners, has declined to estimate the IP’s worth, and 38 Studios receiver Richard Land says initial bids that were due last week are being kept confidential.

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Rhode Islanders Think State Should Stop Paying 38 Studios Loan Debt

November 20, 2013 - GamePolitics Staff

A new WPRI 12 Eyewitness News poll shows that a majority of Rhode Islanders have no problem defaulting on the bonds used to secure 38 Studios a $75 million loan in 2010. The company founded by Curt Schilling would later default on the loan payments and leave the state with a debt of $90 - $100 million.

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State Senator Pushing for Independent Investigation into 38 Studios

November 15, 2013 - GamePolitics Staff

State Senator Dawson Hodgson (R-North Kingstown) is putting forth legislation today to renew his push to create an independent commission to investigate Rhode Island's investment in 38 Studios, which ultimately left the state on the hook for $100 million after Curt Schilling's game studio went bankrupt in 2012. Hodgson promises to create a bipartisan coalition to bring the bill to a vote early in the 2014 General Assembly session.

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38 Studios Assets Auction Moving to Dec. if Court Gives Approval

November 11, 2013 - GamePolitics Staff

Earlier in the month we reported that the attorney appointed by the Rhode Island courts to sell off the intellectual property owned by 38 Studios planned to delay an auction that was set for later this week. The online auction to sell off the current and future rights to the MMO Project Copernicus, sequel rights to Kingdoms of Amalur: Reckoning, and rights for Big Huge Games franchises including Rise of Nations, Rise of Legends and Catan, as well as game engine technology, was set for Nov. 13 - 14.

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Rhode Island EDC Implementing Tracking Software

November 1, 2013 - GamePolitics Staff

Because the Rhode Island Economic Development Corporation (EDC) did a pretty lousy job of keeping records during the whole 38 Studios $75 million loan guarantee deal, the agency charged with spurring economic growth in the state will be installing tracking software to keep tabs on its employees.

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Which group is more ethically challenged?:

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Andrew EisenI don't know, maybe a heaping, helping of DRM is the panacea for all that ails Konami.07/06/2015 - 1:24am
MattsworknameThe only thing thats gonna save them andrew , is walking back all the stupid they have been doing lately. At this point , ithink they did to much damage to there brand to survive07/06/2015 - 12:42am
PHX Corphad there been a sonic 4 episode 3, I would Buy it on Steam, Xbox 360 and PS3 right away07/05/2015 - 10:10pm
Andrew EisenWell, what if Konami released MGS 5 with a mandatory $60 plastic peripheral? Do you think that would help?07/05/2015 - 8:09pm
MattsworknameI dont think so, I think that between the lose of iga, kojima, and so forth, i think MGS 5 will be less succesfull then they think, and tha will spell there end.07/05/2015 - 7:08pm
Andrew EisenI'm sure the Metal Gear micro-transactions will keep 'em afloat!07/05/2015 - 6:58pm
MattsworknameKonami is dying, slowly, surely, inevitably. Capcom is in the same situation, and I think that if they don't get there respective acts together, there going to pull a thq and sell off all there IP.07/05/2015 - 6:51pm
Andrew EisenHowever, if you have a gaming PC and like PC gaming, the Wii U is arguably the best console you could get (unless you just don't care for Nintendo's games, of course).07/05/2015 - 6:07pm
Andrew EisenAnyway, if the Wii U is your only gaming platform, yeah, you're missing out on a ton of great stuff.07/05/2015 - 6:06pm
Andrew EisenMatthew is referring to my latest video, if anyone's wondering. https://www.youtube.com/watch?v=FkuL1UVHYJA07/05/2015 - 6:00pm
Matthew Wilson@AE the wiiu may have the best exclusives among consoles, but lack of third party support kills it. now if we want to play the exclusives game, the pc wins, not just in numbers,but some of the best games I have played.07/05/2015 - 5:53pm
Andrew EisenPic of the pack with measurements: https://twitter.com/paulfeig/status/61768231705475481607/05/2015 - 5:38pm
Andrew EisenThis is really cool to see. Ghostbusters director helping out cosplayers with prop pics. Here's the thrower with measurements: https://twitter.com/paulfeig/status/61735089365938995307/05/2015 - 5:37pm
Matthew Wilsonhttps://www.youtube.com/watch?v=2lMLRIwiB_c a very interesting video. by Unseen64 Tamaki. the video covers how project hammer fell apart.07/05/2015 - 3:43pm
Andrew EisenImagine if Nintendo started charging for the Super Guide feature it has in some of it's games. That's what the MGS microtransactions sound like to me.07/05/2015 - 12:36pm
PHX Corphttp://www.gamesradar.com/konami-mgs-5s-microtransactions-and-future-franchise/ Konami explains MGS 5's microtransactions & what happens after Koj07/05/2015 - 12:21pm
Andrew EisenFinished Gone Home last night. Really enjoyed that game. Very different. Definitely not for everyone though.07/05/2015 - 11:00am
InfophileI know the ZE series was in the red in Japan, but international series boosted it to profitability. That may not mean it's more profitable in the west, but it does mean ZE3 wouldn't exist without the western market.07/04/2015 - 7:54am
Consterwhy aren't "Video game players" an option on the poll? :P07/04/2015 - 5:19am
Andrew EisenThat was quick! Pretty accurate cosplay of the new Ghostbuster uniform and proton pack: https://twitter.com/mirabellemusing/status/61673135125394227207/03/2015 - 6:23pm
 

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