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Moody’s affirms 38 Studios bond rating on R.I.’s moral obligation
Moody’s Investors Service – a globally recognized rating company – affirmed the ‘A2’ rating on 38 Studios’s bonds since the bonds’ “stable” outlook is based on the state’s moral obligation pledge, which high-ranking Rhode Island officials say they intend to honor. more
38 Studios may miss out on tax credits
38 Studios LLC, the teetering video game company of former Red Sox pitcher Curt Schilling, could be ineligible for million in state tax credits because the firm is incorporated in Delaware, not Rhode Island. more
| 5/26/12 | 1 comment
MacLean, Blakely leave 38 Studios
(Updated, 6:30 p.m.) Gov. Lincoln D. Chafee on Wednesday said the apparent departure of two of 38 Studios’ top executives – CEO Jen MacLean and Senior Vice President of Product Development John Blakely – "is not good news" for the struggling video game company. more
| 5/23/12
Industry analyst says 38 Studios game assets only worth $20M
Michael Pachter, managing director of equity research at Los Angeles-based Wedbuch Securities told gaming-publication Joystiq that 38 Studios' intellectual property is worth only $20 million. more
NESN and WJAR announce partnership
WJAR-TV NBC 10 and NESN – New England’s most watched sports network – announced a content sharing partnership for Red Sox and Bruins coverage. more
| 5/23/12
38 Studios employees attend job fair
Several 38 Studios employees attended a Providence recruiting event by video game-creator Turbine Inc., according to WPRI-TV CBS 12. more
| 5/23/12
WPRI named news station of the year
The Associated Press named WPRI-TV CBS 12 station of the year for the ninth consecutive year in its annual Massachusetts/Rhode Island television and radio contest. Four other local broadcasters were also honored. more
| 5/23/12
EDC board takes no action on 38 Studios
The R.I. Economic Development Corporation board of directors adjourned its regularly scheduled monthly meeting on Monday without taking any action on the troubled video game developer 38 Studios LLC. more
| 5/21/12
Schilling departs EDC board meeting
(Updated, 7:45 p.m.) 38 Studios LLC founder Curt Schilling, along with a team from his company, have come and gone from the weekly meeting of the board of directors of the R.I. Economic Development Corporation without a comment. more
| 5/21/12
Providence student’s music downloading damages left intact by Supreme Court
The U.S. Supreme Court left intact a $675,000 jury verdict against a college student who downloaded and redistributed thousands of songs from the Internet without paying. more
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