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38 Studios announces official Rhode Island relocation
The lengthy saga of 38 Studios' relocation looks to be drawing to an end, as the fledgling game company has published a press release touting the impending lease of an office building in downtown Providence, Rhode Island. Originally headquartered in Massachusetts, the developers behind the eternally cryptic MMORPG code-named Copernicus were offered a loot bag full of $75 million in loan guarantees by the Rhode Island Economic Development Corporation. The relocation will generate 450 high-paying tech jobs, and state governor Donald Carcieri lauds it as a move that will "provide job opportunities for our college graduates in a fast growing industry, and will attract other interactive and entertainment companies to Rhode Island."
Curt Schilling says majority of savings spent on 38 Studios
Retired Red Sox player Curt Schilling has approached the development of 38 Studios with the same drive and enthusiasm as he did his baseball career, a fact that comes as no surprise to those who know what an avid MMO gamer he is. A recent article on Gamasutra took a closer look at the development of 38 Studios. Schilling felt confident in his endeavor from the very beginning, making an initial investment of $5 million and hiring a lineup of very familiar names including R.A. Salvatore, Todd McFarlane, and several others. Once the project was underway, he increased the investment in a big way: "I have put the majority of the money I've earned in my life on the table. If I make another financial investment, I will have crossed the point of no return from a personal investment and company standpoint." The financial and personal commitments have been significant, as with any large business venture, but Schilling remains very confident in the project: "I have no doubt I am on the cusp of creating a multi-million dollar company[...]" Take a look at the full story on Gamasutra.
