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New 35-minute demo for Witcher 3 shows vibrant world, action combat and interesting characters
CD Projekt RED released an extended 35-minute gameplay demo for The Witcher 3: Wild Hunt and it looks absolutely impressive. ... [read more]
Bethesda have livestreamed nearly an hour of The Evil Within Gameplay
The Evil Within’s release is within 60 days from today, so here’s a huge chunk of the horrifying action live streamed by Bethesda. ... [read more]
Destiny’s competitive multiplayer officially revealed
For players who had a thin slice of Destiny’s competitive multiplayer from the closed alpha and beta, look no further as Bungie has revealed several new multiplayer modes.... [read more]

Latest Articles

gamescom 2014: Sony shows off more indie games and hidden Silent Hill game
Lots of games ranging from AAA to Indie along with some shocking surprises were revealed at this year’s Sony Press Conference at gamescom in Cologne, Germany.... [read more]
gamescom 2014: Microsoft comes out fighting
After falling behind Sony again and again, Microsoft finally put on a show for gamers at gamescom 2014 to remind everyone that they are still in the fight.... [read more]
When a Good Cause Gets Tainted
This June was an important month for Nintendo. Prior to them winning the hearts of gamers across the globe at E3, they were in some hot water over a game that came out just a few days before. That game, Tomodachi Life, became the center of a world of drama that was not only ... [read more]

Latest Reviews

Firefall Review
Firefall has been in beta longer than most MMO titles, and with its launch finally cleared as of last month, it’s time to validate its existence with a review.... [read more]
Titanfall Review
It's safe to say that Titanfall is the first highly-anticipated next gen (or should I say current gen) game for 2014.Developed by Respawn Entertainment, Titanfall received some huge hype at E3, and it was well deserved. Although the game is not perfect, it's heading in the r... [read more]
Conception II Review
I can honestly say that Conception II would be an incredibly awkward game to try and describe to anyone who doesn’t watch anime or play RPGs. In fact, if someone could find a socially acceptable way to describe a game where you impregnate girl’s souls using your “star ... [read more]

Latest Videos

8-Bit Eric: SNES Beat Em' Ups!
8-Bit Eric takes a look at some of the best beat 'em up for the SNES. ... [read more]
20 and Out: Gods Will Be Watching
From Deconstructeam, Gods Will Be Watching is a new take on the point-and-click gameplay. If you're having trouble understanding how the game works, this video will give you some insight on the unique gameplay. ... [read more]
San Japan 7: Everything You Wanted to Know About Video Games Panel
The Original Gamer crew returned to San Japan with more panels. This panel, "Everything You Wanted to Know About Video Games," featured O.G., Joe Guerra and Victoria Sertich from 3D Generation and Brandon Alexander, co-owner of Ultra Arcade. ... [read more]
Rhode Island now owns 38 Studios
Posted on August 09, 2012 by

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

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