Tag Archives: 38 Studios
Curt Schilling auctions off Personal Belongings
His wife just wants to have her PC console back again. Curt Schilling, who was a rich man some time back, has had his company titled 38 Studios go bankrupt. The perks that come along with celebrity...
Fallen kingdom: 38 Studios’ collapse and the pitfalls of using public money to support tech companies
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.
Filed under: Misc
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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Engadget Distro | Email this | Comments Distro Issue 55: a cautionary tale of the state-supported 38 Studios
In 2004, Curt Schilling and a badly injured ankle led the Red Sox to their first World Series championship in 86 years. That's right, he was the ace that helped break the "Curse of the Bambino" from the mound. Fast forward to 2010, where Schilling had hung up his cleats and lobbied for Rhode Island officials to give his video game outfit, 38 Studios, a $75 million loan guarantee. Just two years later, the studio filed for Chapter 7, leaving the state's taxpayers holding the tab. In this week's issue, Jason Hidalgo takes a look at what went down in New England and examines the risk of public funds being used to support private tech companies. We had folks on the ground in Berlin to monitor the happenings at IFA this week and a few notable gadgets from said event occupy "Hands-on". As far as full-on reviews go, we put the Archos 101 XS, Motorola Photon Q 4G LTE and Acer Aspire V5 through their paces. "Forum" is chock full of even more reads, eSports commentator John Sargent stops by for the Q&A, "Time Machines" kicks it old school and "Eyes-on" takes on 35mm, retro-style photography. The week is over, so hit the link that you fancy the most to grab your copy and let the relaxation begin.
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Filed under: Announcements, HD, Mobile
Distro Issue 55: a cautionary tale of the state-supported 38 Studios originally appeared on Engadget on Fri, 31 Aug 2012 09:30:00 EDT. Please see our terms for use of feeds.
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