38 Studios
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A superior court judge Wednesday allowed the bulk of Rhode Island’s lawsuit against the architects of the 38 Studios LLC loan deal to proceed, dismissing only a few portions of the complaint. more
Rhode Island lawmakers eased the threat of defaulting on bonds that backed former Boston Red Sox pitcher Curt Schilling’s videogame company, agreeing to cover the debt in a step that may preserve the state’s credit rating. more
Members of the House of Representatives will reconvene Wednesday afternoon to continue debate on a fiscal 2014 budget. more
A Rhode Island House committee will open hearings Wednesday afternoon into the state’s $75 million loan guarantee to 38 Studios, WPRO reported. more
Former Red Sox pitcher and 38 Studios owner Curt Schilling had a heart attack as the video game company struggled, Schilling told The Boston Globe Sunday. more
The New York Times published an excellent account of how Curt Schilling bilked the taxpayers of Rhode Island out of millions of dollars to subsidize his now-defunct company, 38 Studios LLC. Unfortunately, there was something missing from the story: Schilling himself, who declined to speak to the reporter. more
An auction of the rights to the 38 Studios video game under development when the company declared bankruptcy, codenamed “Project Copernicus,” has been scheduled for mid-November. more
Emails from the former head of the R.I. Economic Development Corporation appear to show that without a deal with 38 Studios LLC on the horizon, the General Assembly likely would not have created a multimillion-dollar loan guarantee program, WPRI reported. more
Citing “strong response from worldwide gaming developers and investors,” Heritage Global Partners announced Wednesday that the auction of 38 Studios’ intellectual property assets originally scheduled for Nov. 13-14 has been postponed until Dec. 11. more
Standard & Poor’s Rating Services announced Thursday that R.I. Economic Development Corporation revenue bonds issued for 38 Studios LLC, former Red Sox pitcher Curt Schilling’s failed videogame company, will not be affected by the state’s decision to openly consider defaulting on the bonds, reported Reuters. more
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