Monday, May 21, 2012

‘The Avengers’ Makes P281M in 5 Days Biggest Opening Ever PHL BoxOffice History! 38 Studios opts to pay loan not employees struggles remain solvent ExPhillie defaults on $75M state 'Kingdoms Of Amalur' Developer Faces Financial Reckoning As First MMO Trailer Is Released Unveils Project Copernicus Curt Schilling's Struggling Financially Missing The Plate makes payment of Rhode Island In brief new Northeastern U. entrepreneurship center misses payroll Amalur developer's due June 2013 company $1.1M Kingdoms dev missed Names & collapse could cost taxpayers $112.6 million may be trouble Report

38 Studios approval included 1 no vote As the work continues on 38 Studios' Project Copernicus, a look back at the July 26, 2010 EDC meeting when the loan guarantee was approved reveals great optimism and only one dissenting vote. 'Kingdoms Of Amalur' Developer 38 Studios Faces Financial Reckoning As First MMO Trailer Is Released 38 Studios is struggling with its finances, but why the fledgling developer failed to make its loan payments on time remains a mystery. 38 Studios pays $1.125m to Rhode Island, Copernicus due in June 2013 38 Studios has successfully made a $1.125m payment to the state of Rhode Island. The news comes after reports that the MMO developer's collapse could cost state tax payers $112m, and word from Joystiq that the studio couldn't make payroll or pay the state. Governor Lincoln Chafee announced that the million dollar check to Rhode Island cleared late last week, meeting the amount required on the ... EDC meeting on 38 Studios The board of Rhode Island's economic development agency will meet to ... 38 Studios previews Copernicus 38 STUDIOS LLC, the cash-strapped video game design firm founded by former Red Sox pitcher Curt Schilling, has released a video trailer for its new game, code-named "Project Copernicus." 38 Studios pays up, shows next game Video game company 38 Studios released details on its next game project Friday night while the controversy around the $75 million dollar loan granted by the state continues to swirl. 38 Studios Pays Rhode Island, MMO Due June 2013 It was announced this afternoon that 38 Studios has paid the state of Rhode Island the $1.25 million it owed earlier this month. Yesterday, Curt Schilling (pictured above)  delivered a check, but it lacked funds to pay it . Gov. Lincoln Chafee said today the check has now cleared. It was revealed yesterday 38 Studios did not make payroll for the week. As of now, Chafee says they have still not ... Gov. Chafee confirms 38 Studios layoffs Rhode Island Governor Lincoln Chafee has confirmed for Eyewitness News that 38 Studios is laying off employees. 38 Studios failed to pay RI over $1M 38 Studios defaulted on May 1 when it failed to make a required $1.125 million payment to the R.I . Economic Development Corporation, causing alarm at the State House about the company's finances, House Speaker Gordon Fox confirmed Tuesday. 38 Studios makes state payment, releasing MMO next June Kingdoms of Amalur developer 38 Studios made its first payment for the $49 million loan it received from the state of Rhode Island, and will seek private funding to continue operations. The developer's financial difficulties came under increased scrutiny this week after it came to light that 38 Studios failed to make its first scheduled $1.125 million loan repayment, and could not pay its nearly ...
Key Words: 38 studios

References:
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.gamesindustry.biz/articles/2012-05-17-38-studios-opts-to-pay-loan-not-employees
http://www.gamesindustry.biz/articles/2012-05-15-38-studios-struggles-to-remain-solvent
http://www.philly.com/r?19=961&43=165801&44=152022725&32=3796&7=195352&40=http%3A%2F%2Fwww.philly.com%2Fphilly%2Fbusiness%2FEx-Phillies-game-firm-defaults-on-75M-state-loan.html
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://feedproxy.google.com/~r/Talking-Points-Memo/~3/eA67MLsU72Y/missing_the_plate.php
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http://feeds.bizjournals.com/~r/vertical_2/~3/OO_nY3H_18c/curt-schilling-38-studios.html
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/05/16/SPBQ1OHO9F.DTL&feed=rss.sports
http://www.gamespot.com/news/6376803.html?part=rss&tag=gs_all_games&subj=6376803
http://pixelhat.net/

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