Rhode Island sues Curt Schilling’s game studio over $75 million loan

Former Red Sox ace Curt Schilling’s bad luck in the video game industry didn’t end with the closure of his development studio. In fact, it could be about to get a lot worse.

The state of Rhode Island is suing the founder of 38 Studios — and several others — over the $75 million loan it made to the company, saying they “knew or should have known … that 38 Studios was destined to fail.”

Read more at Yahoo! Games

Rhode Island takes over Curt Schilling’s game company

Curt Schilling’s video game dreams are now the property of the state of Rhode Island.

A U.S. Bankruptcy judge has given The Rhode Island Economic Development Corp. and Bank of New York Mellon Trust Co. the go-ahead to take 38 Studios’ assets — specifically, the IP for its games.

Read more at Yahoo! Games

Curt Schilling says 38 Studios failure will cost him $50 million

After remaining silent as his video game company collapsed around him, Curt Schilling is finally speaking out — and he’s not happy.

The former Red Sox pitcher responded to critics, pointing out that he stands to lose as much as $50 million dollars if his troubled 38 Studios can’t be saved. Specifically, he took aim at Rhode Island’s governor, saying Lincoln Chafee’s negative comments about the company “scared off” potential investors who could have saved the studio.

Read more at Yahoo! Games

Curt Schilling’s 38 Studios lays off its entire staff

The sad saga of 38 Studios took an even more depressing turn Thursday afternoon.

The beleaguered game maker run by former Boston Red Sox pitcher Curt Schilling abruptly laid off all of its employees, effective immediately. Insiders at the company say they also learned their health insurance will run out at midnight.

Read more at Yahoo! Games

Curt Schilling’s game studio teeters on brink of disaster

Former Boston Red Sox pitcher Curt Schilling shocked a lot of people when he launched a video game studio following his retirement from baseball. Today, he might be wishing that he hadn’t followed that dream.

38 Studios, who partnered with EA earlier this year to release its debut title, Kingdoms of Amalur: Reckoning, is in the midst of a severe financial crisis. The developer was unable to pay its 379 employees this week, and is behind in making repayments to the state of Rhode Island, which loaned the company $75 million in 2010.

Read more at Yahoo! Games