38 Studios Financial Woes Not So Woeful Now

<p>38 Studios&comma; the developer of <em>Kingdoms of Amalur&colon; Reckoning <&sol;em>were in some serious <a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;38-studios-financial-trouble&sol;">financial trouble<&sol;a> and a previous payment made by the company didn&&num;8217&semi;t quite go so well with many of the studio&&num;8217&semi;s <a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;38-studios-unable-repay-state-employees&sol;">employees going without pay<&sol;a>&period;  However&comma; they were just able to repay &dollar;1&period;125 million owed to the state of Rhode Island and have managed to pull themselves out of hot water&comma; it seems&period;  Unfortunately for 38 Studios&comma; there&&num;8217&semi;s still a hefty &dollar;75 million to be paid back so they&&num;8217&semi;re not completely bone dry just yet&period;  Currently&comma; the developer is working on a new MMO mysteriously entitled <em>Project Copernicus&period;  <&sol;em>Lincoln Chafee&comma; governor for Rhode Island stated that the company has managed to pay back much of what was owed as well as let slip the release date for Copernicus<em>&comma; <&sol;em>June of 2013&period;<&sol;p>&NewLine;<p>When asked for his thoughts on the situation involving 38 Studios&comma; Chafee responded&comma; &&num;8220&semi;I want to make sure we&&num;8217&semi;re doing everything possible to make sure 38 doesn&&num;8217&semi;t fail&period;  We&&num;8217&semi;re in deep&&num;8230&semi;There&&num;8217&semi;s not going to be any money from the state&period; They&&num;8217&semi;re not coming here for easy money&period;&&num;8221&semi;<&sol;p>&NewLine;<p>38 Studios will begin repaying on their loan of &dollar;75 million by 2013 through money &lpar;to be&rpar; raised by private investors although those investors have yet to be found&comma; Chafee suggested&period;<&sol;p>&NewLine;<p>&lpar;Via <a href&equals;"http&colon;&sol;&sol;www&period;g4tv&period;com&sol;thefeed&sol;blog&sol;post&sol;723934&sol;38-studios-back-in-business-amalur-mmo-release-window-outed-by-rhode-island-governor&sol;&quest;utm&lowbar;medium&equals;twitter&amp&semi;utm&lowbar;source&equals;twitterfeed">G4TV&period;com<&sol;a> and <a href&equals;"http&colon;&sol;&sol;www&period;joystiq&period;com&sol;2012&sol;05&sol;18&sol;rhode-island-governor-gives-38-studios-copernicus-mmo-a-june-20&sol;">Joystiq<&sol;a>&rpar;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;