The fallout from 38 Studios collapse continues to get ugly as recently the founder of the company, Curt Schilling places the main blame of the studio's demise on the governor of Rhode Island and the loss of a private investor.
According to Schilling, the studio had initially secured a $35 million deal with a undisclosed private investor who was ready to help fund the sequel to Kingdoms of Amalur: Reckoning but later backed out once the governor of Rhode Island publicly stated the studio was fighting to stay afloat.
38 Studios was extremely upset at the statement being made public since it ruined all future investment in the company and caused several of their existing investors and EA to halt their support of the company.
Schilling was also upset at the current governor renegading on the contract signed by the previous governor to get 38 Studios to operate in Rhode Island. The issue involved the ability to temporary defer on tax payments owed and keep earning tax credits by hiring people in the state to work at 38 Studios.
The government of Rhode Island was mainly upset at the lack of hiring as part of the deal with most of the employees and hired workers being transferees from the Massachusetts branch. As well as questions regarding how most of the original $75 million loan was spent with some of the spending ending up being unaccounted for in status reports.
EDIT: Some supposed details from a variety of places state 38 Studios was spending a huge chunk of the loaned money on a different project (Copernicus) instead of Kingdoms of Amalur without telling the state which is why the money was "missing" from status reports. EA also flat out refused to publish and fund a sequel well before the public announcement by the governor was made. EA also seems to have very little interest in buying the IP once its available for sale.
http://venturebeat.com/2012/05/29/cu...on-38-studios/
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Daily Recap:
1) The rumored new subscription tiers for Playstation Plus are now rumored to be splitting the monthly free games as exclusives for certain tiers.
http://www.screwattack.com/news/rumo...and-vita-cloud
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http://www.egmnow.com/articles/news/...-dlc-revealed/
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http://www.egmnow.com/articles/news/...lmont-returns/