38 Studios Reportedly Lays Off Staff, Shuts Down Big Huge Games - Is This The End? Following weeks of bad financial news at game developer 38 Studios, founded by former Red Sox pitcher Curt Schilling, it appears the fledgling studio is laying off all its employees and may be shutting down for good. Curt Schilling's 38 Studios lays off entire staff amid financial woes Former Red Sox pitcher Curt Schilling's 38 Studios laid off its entire staff on Thursday only two days after he praised his employees' "breathtaking resilience" through the video game company's financial struggles . Read full article >> 38 Studios Lays Off Staff, Shuts Down Big Huge Games - Is This The End? Following weeks of bad financial news at game developer 38 Studios, it appears the fledgling studio is laying off all its employees and may be shutting down for good. Is It Game Over For Curt Schilling's 38 Studios? Has Curt Schilling's 38 Studios struck out? As the small game developer lays off its entire staff, things are looking grim for the Rhode Island based firm. Chafee: 38 Studios is back in default PROVIDENCE - Gov. Lincoln Chafee said today that 38 Studios is back in default with Rhode Island because the video... 38 Studios trouble continues, drops second mortgages on former employees The implosion of 38 Studios has been an ongoing nightmare for the studio's former employees. They hadn't be paid since April 30, their health insurance ran out, and the company unceremoniously laid off everyone yesterday. Curt Schilling's 38 Studios lays off entire staff The former Red Sox pitcher's video game company, which employed more than 400 full-time workers and contractors, made the layoffs in the wake of financial difficulties. Curt Schilling's 38 Studios Strikes Out, Lays Off Entire Staff The pitching hero's video game house released its first and only title Kingdoms of Amalur: Reckoning earlier this year but financial troubles proved insurmountable. Don't Let 38 Studios Sour You: Video Games Are Good for Your State's Economy Videogame company 38 Studios, makers of Kingdoms of Amalur: Reckoning and an upcoming MMORPG set in that game's universe has recently collapsed, leaving $90 million in unpaid principal and interest to the state of Rhode Island. (And let?s not forget those 413 employees in R.I. and Maryland who were suddenly laid off without pay.) The Ocean State had loaned 38 Studios $75 million in 2010 as a way ... 38 Studios defaults again; RI worried Curt Schilling's video game company broke its agreement with Rhode Island for a second time this week when it failed to notify the state of layoffs.
Key Words: 38 studios
References:
http://www.forbes.com/sites/petercohan/2012/05/25/bloody-hypocrite-schillings-38-studios-fires-413/
http://www.starmometer.com/2012/04/30/the-avengers-makes-p281-m-in-5-days-biggest-opening-ever-in-phl-box-office-history/
http://www.forbes.com/sites/erikkain/2012/05/24/38-studios-employees-still-unpaid-health-coverage-ends-thursday-senior-executives-quit/
http://www.forbes.com/sites/monteburke/2012/05/25/curt-schilling-and-why-athletes-make-such-poor-financial-decisions/
http://www.forbes.com/sites/erikkain/2012/05/19/kingdoms-of-amalur-developer-38-studios-faces-a-financial-reckoning-as-first-mmo-trailer-is-released/
http://www.gamesindustry.biz/articles/2012-05-17-38-studios-opts-to-pay-loan-not-employees
http://www.gamesindustry.biz/articles/2012-05-24-38-studios-heads-flee-troubled-company
http://www.buffalonews.com/business/article872740.ece
http://www.gamesindustry.biz/articles/2012-05-26-38-studios-trouble-continues-drops-second-mortgages-on-former-employees
http://rss.slashdot.org/~r/Slashdot/slashdotGames/~3/nXeu5hYsunA/curt-schilling-fires-entire-staff-at-38-studios
http://www.ibtimes.com/articles/345472/20120525/curt-schilling-fires-staff-38-studios-layoffs.htm
http://www.gamespot.com/news/6378646.html?part=rss&tag=gs_all_games&subj=6378646
http://pixelhat.net/
Friday, May 25, 2012
Bloody Hypocrite Schilling's 38 Studios Fires 413 ‘The Avengers’ Makes P281M in 5 Days Biggest Opening Ever PHL BoxOffice History! Lays Off Staff Shuts Down Big Huge Games Is This The End Employees Still Unpaid Health Coverage Ends Thursday Senior Executives Quit Curt Schilling And Why Athletes Make Such Poor Financial Decisions and shut down Report 'Kingdoms Of Amalur' Developer Faces Reckoning As First MMO Trailer Released opts to pay loan not employees struggles remain solvent heads flee troubled company lays off staff ExPhillie defaults on $75M state trouble continues drops second mortgages former Entire At Collapse of sticks some devs with mortgage ‘NonVoluntary’ Layoffs at Video Game Company Kingdoms Amalur dev's creative director blames RI gov
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