The studio behind Kingdoms of Amalur: Reckoning, 38 Studios, seem to be in some sort of financial trouble according to WPRI.
The reports state that the Rhode Island governor Lincoln Chafee met with officials from 38 Studios on Monday to discuss the company’s finances. 38 Studios received a $75 million taxpayer-backed load from the state in order to move the studio from Massachusetts to Rhode Island.
“We’re concerned and just doing everything possible to ensure that 38 Studios stays part of the Rhode Island community,” Governor Lincoln Chafee told WPRI.com Monday night. “We’re working on different issues with them.” When asked whether he thinks 38 Studios can be stabilized, Chafee told WPRI “We’re working on it.”
Governor Chaffee did not originally support the idea of loaning the studio tax money. However the Rhode Island Economic Development Corporation loaned the studio the money before Governor Chaffee took office. The studio has received $49.8 million of the $75 million loan. The company pledged to employ 450 people in the area. As of March 15 there were 379 full-time employees in two offices, 34 full-time contractors, eight interns and 18 job openings.
The company currently has MMO Copernicus in development. No announcements have been made as to the future of the MMO.