The last days of Kingdoms of Amalur developer 38 Studios have come and gone following its failure to repay a government-backed loan and as a result, both the company and its IP are now the property of the state of Rhode Island. The good news is that the studio’s assets are said to be valued at “tens of millions”.
The bad is that it’s likely nowhere near the number of millions the state paid in the first place. “We are going to do everything possible to maximise return on our investment,” governor Lincoln Chafee said. “Taxpayers in Rhode Island can have full confidence that if there’s a penny that we can get, or a nickle or a dime, we’ll get it.”
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