After more than a decade in development, the former developers of 38 Studios are finally receiving their final paychecks. It had been reported in the Providence Journal that former developer Alex Rigopulos was paid $9,000.00 per month. The other former developers were paid a percentage of their salaries, which totaled $1.6 million. The total amount to be paid out is $15,000.00 and is in addition to the $75,000.00 that was paid to the Rhode Island Economic Development Corporation.
In May, 38 Studios filed for Chapter 7 bankruptcy, leaving the state of Rhode Island as the primary guarantor of its debts. Since then, the state has been working hard to ensure that these debts are paid. In August, the state’s Pension and Investment Management Agency (PIMA) filed a lawsuit in an attempt to recover $25.6 million from 38 Studios’ former owners. The state of Rhode Island has since agreed to pay an additional $11.5 million in interest and other fees.
The lengthy, tragic tale of Curt Schilling’s bankrupt 38 Studios has come to a conclusion, and it, like the studio’s whole existence, ends in disappointment. The company’s developers are finally receiving the court-ordered last payments that Schilling promised them before suddenly shutting down the studio and leaving 400 workers without pay in 2012, albeit at a fraction of what they were due.
Developers who worked at the studio’s Rhode Island and Maryland offices would get 14 percent and 20% of their back salary, respectively, with several former developers reporting that their payments have already arrived. Others, on the other hand, claim that the cheques were sent to outdated addresses since a lot of the developers had relocated since the studio’s demise.
THQ Nordic acquired the IPs for the studio’s titles, Kingdoms of Amalur RPG and Project Copernicus MMO, in 2018. In September 2020, Amalur will be re-released, although the MMO was reportedly purchased only for the IP. We’ve already covered the whole story many times; complete recaps can be found in Lawful Neutral and Game Archaeologist, which are all mentioned below.
This article broadly covered the following related topics:
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