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.

| Read more

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).

| Read more

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.

| Read more

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.

4 comments | Read more

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.

1 comment | Read more

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.

| Read more

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.

| Read more

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."

| Read more

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.

| Read more

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."

| Read more

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.

| Read more

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.

1 comment | Read more

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.

| Read more

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.

2 comments | Read more

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.

| Read more

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.

| Read more

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.

4 comments | Read more

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.

| Read more

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.

| Read more

New Rhode Island EDC Head Says 38 Studios Deal Tarnished Agency's Reputation

October 23, 2013 - GamePolitics Staff

The new executive at the top of the Rhode Island Economic Development Corp. (EDC) says that the failed $75 million loan guarantee to Curt Schilling's 38 Studios has hurt the reputation of the agency, but he will do all that he can to restore it and to rebuild confidence in the state's economic recovery efforts.

| Read more

Curt Schilling, Former EDC Director Respond to Rhode Island's Lawsuit

October 3, 2013 - GamePolitics Staff

In court documents obtained by GoLocalProv, the former head of Rhode Island's Economic Development Corp. (EDC) accused RI Gov. Lincoln Chafee of forcing 38 Studios into bankruptcy last year by standing in the way of efforts to restructure its debt or raise additional funding. The accusations were part of a court filing responding to the state's lawsuit against Curt Schilling, former executives from the company, former Economic Development Corp.

| Read more

Pre-Trial Arguments Begin in RI Case Against 38 Studios

September 13, 2013 - GamePolitics Staff

The Providence Journal reports that pre-trial wrangling was underway this morning in the lawsuit filed by the state of Rhode Island against 14 defendants related to the $75 million loan guarantee given to Curt Schilling's 38 Studios in 2010.

| Read more

Report: 38 Studios Assets Going to Auction 'Soon'

September 12, 2013 - GamePolitics Staff

It looks like Rhode Island will finally have an auction to sell off 38 Studios' intellectual property. According to an IGN report citing WPRI.com, the court-appointed receiver for the assets, Richard Land, says that an auction will happen "soon." The state took possession of the 38 Studios IP after the company defaulted on a $75 million loan and filed for bankruptcy.

| Read more

RI Lawmaker Wants Subpoena Power in EDC-38 Studios Deal Review

September 12, 2013 - GamePolitics Staff

Rhode Island State Representative Karen MacBeth (D-Cumberland) wants the House Oversight Committee to grant subpoena power to a group of lawmakers looking into the Economic Development Corporation's 2010 deal with 38 Studios. Rep. MacBeth says that she wants to extract documents and compel appearances by key figures in Rhode Island's investment in Curt Schilling's now-bankrupt game development studio.

| Read more

SEC Investigating Rhode Island's $75 Million Loan to 38 Studios

September 11, 2013 - James Fudge

The Rhode Island Economic Development Corporation has confirmed with several outlets that the U.S. Securities and Exchange Commission (SEC) is actively investigating the $75-million taxpayer-backed loan given to Curt Schilling's now-bankrupt video-game company 38 Studios.

3 comments | Read more

More Legal Trouble Could Be On the Way For 38 Studios

September 3, 2013 - GamePolitics Staff

It looks like former Red Sox pitcher and 38 Studios founder Curt Schilling - along with associates of the company - could face legal problems on another front. Last week the Rhode Island Economic Development Corp. approved a request by the federal bankruptcy court trustee to use up to $150,000 in assets recovered from the company to further investigate its former officers, directors, and other parties. If this investigation turns up any further information, it could lead to additional legal actions against 38 Studios.

1 comment | Read more

Rhode Island EDC Launches Reputation Management Committee

August 20, 2013 - GamePolitics Staff

The Rhode Island Economic Development Corporation's handling of a $75 million loan deal to 38 Studios continues to have an effect on politics in the state, and today more reforms are being discussed so that the failure of that deal can never happen again.

| Read more

Documents Reveal How the 38 Studios Rhode Island Deal Came to Fruition

August 8, 2013 -

Yesterday afternoon lawmakers in the Rhode Island House began examining hundreds of documents in an attempt to piece together a timeline on the $75 million loan guarantee awarded to Curt Schilling's 38 Studios. The committee began by looking at emails from the former Rhode Island Economic Development Corporation Executive Director Keith Stokes.

Stokes said in emails that the General Assembly would not have created the loan guarantee program without knowing Curt Schilling was interested in moving his video game company to Rhode Island in 2010.

| Read more

Rhode Island Lawmakers Examine 38 Studios Loan Debacle

August 7, 2013 -

A Rhode Island House committee opened hearings today to look into the events leading up to awarding a $75 million loan guarantee to former Red Sox pitcher Curt Schilling's 38 Studios. The oversight panel will start by sifting through 8,000 pages of documents related to the loan guarantee, according to what House Oversight Committee Chairman Rep. Michael Marcello (D-Scituate, Cranston) told talk radio station WPRO.

| Read more

Editorial: Fear of Economic Development Projects After 38 Studios Deal

August 2, 2013 -

Laurie White (president of the Greater Providence Chamber of Commerce) and Michael Sabitoni (president of the Rhode Island Construction and Building Trades Council) teamed up to pen an op-ed in the Providence Journal to warn lawmakers and the public that what happened with 38 Studios should not cast aspersions of future state investments into other industries.

1 comment | Read more

 
Forgot your password?
Username :
Password :

Poll

Will we ever get Half-Life 3?:

Shout box

You're not permitted to post shouts.
quiknkoldAndrew : Mostly I decided there were better people who could explain what was going on, or fight any battles that may come up. so I decided not to talk about it anymore.10/01/2014 - 8:49pm
Andrew EisenI don't recall you promising that. GamerGate is not a taboo discussion here. Anyway, thanks for the link. Very interesting.10/01/2014 - 8:47pm
quiknkoldI know I promised to not talk about Gamergate again, but Intel just pulled sponsership from Gamasutra over it http://techraptor.net/2014/10/01/gamasutra-intel/10/01/2014 - 8:40pm
quiknkoldP.T. is a game I just cannot play alone. I puss out hard on it. need somebody with me when I play that. Kojima was right. it is Pants Shittingly Scary10/01/2014 - 6:17pm
quiknkold@james_fudge not playin all the way through. P.T, Silent Hill(Not sure which), Resident Evil Gamecube Remake, Alien Isolation, Ghostbusters, Outlast, Super Castlevania 410/01/2014 - 6:04pm
james_fudgeI wish I could like that last shout.10/01/2014 - 5:48pm
MechaTama31Tried out Sims 4 on my brother in law's pc. Promptly got my sim exhausted, to soil himself, then sent him without cleaning up to mock people at the museum. Good times...10/01/2014 - 5:33pm
E. Zachary KnightSo they figured out how to share CPU cycles between pools and their advanced emotions engine? Sweet.10/01/2014 - 2:53pm
MaskedPixelantehttp://www.joystiq.com/2014/10/01/ghosts-pools-darth-vader-coming-to-the-sims-4/ Pools no longer impossible.10/01/2014 - 2:06pm
james_fudgeDon't eat angry.10/01/2014 - 1:49pm
E. Zachary KnightI am pretty hungry. I feel like I could smash some supper. Not sure if I am up for making a collage though.10/01/2014 - 1:00pm
Matthew Wilsonhttps://www.facebook.com/SmashBrosEN/events What a weird idea. Nintendo will be bringing Supper smash brothers for 3ds and wiiu to collage football games.10/01/2014 - 12:52pm
PHX CorpI'll give the hosting 2 Streams on twitch a spin during extra life marathon10/01/2014 - 12:41pm
james_fudgequiknkold:: oh yeah which games?10/01/2014 - 11:20am
Andrew EisenInfophile - Your comment is on the second page. Scroll to the bottom and click "Previous Entries."10/01/2014 - 9:55am
MaskedPixelantehttps://time.com/3450854/amc-netflix-imax-crouching-tiger-hidden-dragon-boycott/ Theatres refuse to show the new Crouching Tiger movie because... well, I'm sure they've got a good PR spin reason, pick one.10/01/2014 - 9:06am
IanCForza Horrizon 2 isn't even out yet, but theres already a 31 car DLC pack, along with a season pass....10/01/2014 - 8:42am
quiknkoldstarting my Halloween Spooktacular Stream today. Every day from 7-11, I'm going to be streaming Spooky games on Twitch.10/01/2014 - 8:37am
MaskedPixelanteSteam is going to start charging us Canadians in CAD. This is bad news... for people who don't use key sellers like GMG and GamersGate.10/01/2014 - 7:23am
InfophileSomething weird was going on with that comment. As soon as I posted it, it looked like it had replies from the past. And now I can't even find it. Ah well, it was getting off-topic for that thread anyway.10/01/2014 - 4:29am
 

Be Heard - Contact Your Politician