38 Studios is Officially Bankrupt
Curt Schilling’s 38 Studios, the team who brought you Kingdoms of Amalur: Reckoning, has officially filed for bankruptcy. They are claiming liabilities of $150.7 million against assets of about $21.7 million.
“This action comes after several weeks when the company has reviewed, considered and received the recommendations and advice with respect to potential avenues for relief that are currently available. After ongoing negotiations with the State of Rhode Island and potential investors and other interested parties, the company has been unable to find a solution to the current stalemate.” 38 Studios said in a statement.
Needless to say, it seems as though Curt Schilling should stick to baseball instead of trying to make video games. And although he made a lot of money as a baseball player, $150.7 million is not good for anyone regardless of salary.