Rhode Island Looking to Sell 38 Studios’ IPs
Yesterday, reports Bloomberg, the Rhode Island Economic Development Corporation (RIEDC) and Bank of New York Mellon Trust Co. were handed over the possession of assets and intellectual properties formerly owned by Curt Schilling’s now-defunct 38 Studios.
The bank mentioned above was one of the trustees for the $75 million loan that the RIEDC made to 38 Studios—which was given to the company to serve as an incentive to move operations from Massachusetts to Rhode Island. The bank and the RIEDC asked a judge for permission to seize 38’s assets, like computer equipment. And, of course, on those computers live whatever’s left of the studio’s legacy, like code, art, writing, and all the rest of the stuff you need to make a video game. As such, they’ve gotten the right to take that equipment and sort everything out so they can figure out just what they’ve got on their hands, and what it’s all worth.
Since 38 Studios is completely out of business and has defaulted on the loan, Rhode Island’s government needs to get as much of that money back as possible to avoid sticking tax-payers with the bill—so they’re looking to sell them off to the highest bidder, I would imagine.
Seriously, do you want to buy Kingdoms of Amalur? Let’s start the bidding at, say, twenty bucks. Do I have twenty bucks?