Rhode Island Receives $713K Kingdoms of Amalur Revenue

Games development is a costly business to be a part of. It's a lesson that Curt Schilling, former MLB pitcher, had to learn the hard way.

Schilling had ambitious plans for a fantasy game. His vision was attractive enough to draw in respected fantasy author R. A. Salvatore and comic book creator Todd MacFarlane. Schilling even convinced the state of Rhode Island to give him a $75 million loan to develop the game with promises that he would create jobs.

When Kingdoms of Amalur: Reckoning finally launched in February last year, the bubble popped. Despite generally positive reviews, the game failed to gain traction in sales. Schilling was unable to repay the debts that 38 Studios (Amalur's developer) owed, and the studio eventually went under. Rhode Island seized up 38 Studio's assets, hoping to earn back some of the money lost.

Unfortunately, it doesn't look like Amalur is getting them too far down that route. The state has only received about $713,000 in sales from the game, a far shot from the millions it was owed. The only other funds that it has managed to raise has been from selling $430,000 in 38 Studio's remaining assets, which included office furniture.

Create a new thread in the US News comments forum about this subject
This thread is closed for comments
24 comments
    Your comment
    Top Comments
  • Spooderman
    Too bad, it was really a good company that made a good game.
    11
  • Other Comments
  • Spooderman
    Too bad, it was really a good company that made a good game.
    11
  • xerroz
    $75 million loan? Looks like these people weren't out to make a good game but cheat the state out of millions. What a scam this was.
    0
  • falchard
    Can I please have a $75 million loan to make an mmo? Im good for it.
    7