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Dragon Age: Inquisition gets a new trailer and a release date
If you've been patiently waiting for some info on Dragon Age: Inquisition, well you're in luck because we finally have a release date for the game and new gameplay trailer.... [read more]
Strap in on May 28 for Ace Combat Infinity
Ace Combat Infinity was originally planned for a 2013, but that quickly passed by and there wasn't much said regarding the future of the game until today. ... [read more]
Get Red Orchestra 2 for free tomorrow
If you haven't bought Red Orchestra 2, no worries as you can download it for free tomorrow. That's right, free. ... [read more]

Latest Articles

The 3rd Annual OG Awards - Platform Awards and GOTY
After much deliberating, we finally have the final OG Awards. Who is taking the big award this year?... [read more]
The 3rd Annual OG Awards - Genre Awards
Day 2 of the OG Awards will reward the best of the best in various genres. Let's give out some awards! ... [read more]
The 3rd Annual OG Awards - Miscellaneous Awards
It's time for the most important awards in gaming: The OG Awards! Who will be the big winner? Read on to find out. ... [read more]

Latest Reviews

Dark Souls II Review
At this point, anybody who plays video games that don't involve a touch screen interface is well aware of what Dark Souls II is. A sequel to a spiritual sequel to an amazingly difficult, but fun game, Dark Souls II has some large shoes to fill.... [read more]
Infamous Second Son Review
The good ending of Infamous 2 left many wondering what was left for the series. Sucker Punch made it very clear that a new superhero was required to continue the series. Thus Delsin Rowe was born.... [read more]
Escape Plan Review
Escape Plan is a 3D side-scroller puzzle game which was originally released as a launch title for the PS Vita in February 2012. Developer Fun Bits Interactive decided to take the game to the big screen and port it to the PlayStation 4. ... [read more]

Latest Videos

8-Bit Eric: Unepic Review
8-Bit Eric takes a look at EnjoyUp Games' lighthearted take on classic platforming and RPGs, Unepic. ... [read more]
Mizuumi-Con 2014 panel videos
The Original Gamer crew was Mizuumi-Con 2014 this past Saturday to put on two panels: "Video Game Jeopardy" and "Everything You Wanted to Know About Video Games, But Were Afraid to Ask." And we have the videos to prove it. ... [read more]
8-Bit Eric: Robocop (NES) Review
Instead of watching the Robocop remake, watch 8-Bit Eric review Robocop on the NES. It's cheaper to watch and truer to original.... [read more]
Rhode Island now owns 38 Studios
Posted on August 09, 2012 by Mike Villela

The saga of Curt Schilling, 38 Studios and the state of Rhode Island continues. Yesterday the Bank of New York Mellon Trust Co and Rhode Island Economic Development Corp. won a court decision that allows Rhode Island possession of all assets of 38 Studios. For those who haven't been keeping up with the dealings between Schilling's studio and Rhode Island, here's a summary:

Last year, 38 Studios borrowed $75 million from the state of Rhode Island to relocate from Massachusetts to Rhode Island. The state granted the loan, and to repay what they had borrowed, the studio pledged all of its assets, patents, software and other property to Rhode Island as collateral. 38 Studios only released one game, the EA published Kingdoms of Amalur and was working on a project called Copernicus. Unfortunately the game did not meet sales expectations and the studio filed for bankruptcy.

US Bankruptcy Judge Mary Walrath granted the request to both the state and Mellon Trust in a hearing in Wilmington, Delaware. While its not strange to hear developer pledging its IP to a backer like a publisher, as its a common practice in the video game industry. What is strange is that a developer pledged its assets to a state government. Now Rhode Island is looking a buyer to make up for the $75 million risk they took in trying to court the video game industry to Rhode Island.

Source: Bloomberg

Mike Villela - Staff Writer mikev (@) original-gamer.com | all author's articles

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