Rhode Island E.D.C Gains Assets of 38 Studios

<p>The Kingdoms of Amalur now have a new land to call home&period; Rhode Island Economic Development Corporation and the Bank of New York Mellon Trust Company have secured the rights to the game&comma; as well as 38 Studios&&num;8217&semi; other assets&period;<&sol;p>&NewLine;<p>This is following a public crumble earlier this year by 38 Studios&comma; as the company was unable to return a &dollar;75 million loan which was originally granted to help start up the studio&period; The company was started by ex Boston Red Sox pitcher Curt Schilling as a way to break in to the industry&period;<&sol;p>&NewLine;<p>Rhode Island and the Bank of New York Mellon Trust Company were granted access to the bankrupt studios assets as the result of a hearing which took place in Wilmington&comma; Delaware on Tuesday&period; They will now attempt to sell most assets regarding the studio&comma; including intellectual property rights in order to make back a portion of the unpaid loan&period;<&sol;p>&NewLine;<p>Kingdoms of Amalur received a warm critical response when released back in February&comma; 2012&period; According to industry analyst Michael Pachter&comma; the intellectual property of the series is worth &dollar;20 million&comma; regarding that &&num;8220&semi;nobody is buying MMOs after &lpar;Star Wars&colon; The Old Republic fizzled&rpar;&period;&&num;8221&semi;<&sol;p>&NewLine;<p>While Kingdoms of Amalur was a single-player role-playing game&comma; there was an MMO in development for the series under the codename <em>Project Copernicus<&sol;em>&period; The MMO was set to be released during late spring in 2013&period;<&sol;p>&NewLine;<p>The companies were eager to receive rights to the intellectual property&comma; in case someone at the studio was granted permission to get rid of the computer equipment&comma; which could result in the loss of the property&period;<&sol;p>&NewLine;<p>&lpar;Via <a href&equals;"http&colon;&sol;&sol;www&period;gamespot&period;com&sol;news&sol;amalur-assets-now-belong-to-rhode-island-6391016" target&equals;"&lowbar;blank">GameSpot<&sol;a>&rpar;<&sol;p>&NewLine;