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Rhode Island government hoping to keep  Kingdoms of Amalur  dev solvent

Rhode Island government hoping to keep Kingdoms of Amalur dev solvent

May 15, 2012 | By Mike Rose

May 15, 2012 | By Mike Rose
More: Console/PC, Business/Marketing

38 Studios, the development studio behind the 2012 RPG Kingdoms of Amalur: Reckoning, has held a number of meetings with the Rhode Island Economic Development Corporation regarding financial issues.

The Providence Journal reports that Governor Chafee of Rhode Island, U.S., where 38 Studios is based, is looking to protect taxpayer money, after the studio was granted a $75 million loan in 2010 from the government-owned economic-development agency.

Curt Schilling's studio moved its operations to Rhode Island after being granted the loan, drawing negative reactions from several political figures, including Chafee. The details of the agreement stated that the studio had to fill 450 full-time employee positions to receive the full amount.

The governor said that he was "doing everything possible" with regards to "keeping 38 Studios solvent," although he admitted it is a "tight timeframe we're working under."

Talking to WPRI, he further explained, "We're concerned and just doing everything possible to ensure that 38 Studios stays part of the Rhode Island community. We're working on different issues with them."

"It's always been a volatile industry to be in," he continued. "That's just the risk you take when you get into the business."

The loan was put in place back in 2010 to fund the studio's MMO Copernicus, which the company is still keeping under the radar. In the meanwhile, 38 Studios released Kingdoms of Amalur earlier this year, which when on to sell 330,000 copies in the U.S. during its first month on sale.

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