In a career filled with many clutch throws from the baseball mound, former Boston Red Sox ace Curt Schilling's main calling card was a gutsy post-season performance made even more memorable by a blood-soaked sock. It was a pitch made by Schilling outside of Major League Baseball, however, that would prove to be his most daring one yet.
In 2010, Schilling convinced Rhode Island officials to give his video game company, 38 Studios, a $75 million loan guarantee. A self-professed fan of massively multiplayer online role-playing games (MMORPG), Schilling's dream was to create a worthy competitor to Blizzard's MMORPG juggernaut, World of Warcraft. In 2006, Schilling started Green Monster Games, which was later renamed 38 Studios. Luring the company away from Massachusetts was supposed to bring in more than 400 jobs and serve as the linchpin for launching a new tech-based industry in Rhode Island. Instead, the state's taxpayers found themselves left at the table with a multimillion-dollar tab.
Continue reading Fallen kingdom: 38 Studios' collapse and the pitfalls of using public money to support tech companies
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Fallen kingdom: 38 Studios' collapse and the pitfalls of using public money to support tech companies originally appeared on Engadget on Fri, 07 Sep 2012 11:00:00 EDT. Please see our terms for use of feeds.
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Curt Schilling's 38 Studios imploded years ago, but its gaming legacy might live for a while longer. THQ Nordic has bought the intellectual property for Kingdoms of Amalur, including the Amalur-based ( and unreleased) online RPG Project Copernicus....
The saga of former Boston Red Sox pitcher Curt Schilling's 38 Studios, the state of Rhode Island and an awful lot of money might finally be over. At the end of July, it was announced that 38 Studios wouldn't face criminal charges for a failed $75 mil...
Curt Schilling's 38 Studios has run into plenty of trouble since declaring bankruptcy in 2012, not the least of which is an SEC lawsuit this year. However, criminal cases won't be contributing to its headaches. The Rhode Island State Police have de...