May 24, 2012, 5:37 PM EDT
Curt Schilling’s 38 Studios, which released its first game to generally positive reviews earlier this year, closed its doors Thursday, laying off its entire staff.
Despite having received a $75 million loan guarantee from Rhode Island, the company failed to stay afloat while trying to develop a large-scale MMO called Copernicus. This despite the fact that the game it released this February, Kingdoms of Amalur: Reckoning, sold 1.2 million copies in its first 90 days, according to Schilling.
38 Studios’ future had been uncertain after it missed a scheduled payment to Rhode Island earlier this month. It was later reported that in trying to make a late payment of $1.1 million, the company gave the state a bad check.
Schilling, an avid gamer even during his years in the majors, was hoping Copernicus would make a dent in the lucrative MMO market largely ruled by World of Warcraft. It was to be the first game developed by 38 Studios. Reckoning was developed by Big Huge Games, a company bought by 38 Studios in 2010.
- Unsigned 2014 No. 1 overall pick Brady Aiken undergoes Tommy John surgery 12
- 2015 Preview: Seattle Mariners 15
- Cardinals add “OT” patch for Oscar Taveras 76
- 2015 Preview: Pittsburgh Pirates 12
- 2015 Preview: San Diego Padres 22
- MLB is looking into some strange gambling tweets involving Marlins pitcher Jarred Cosart 46
- 2015 Preview: New York Yankees 63
- 2015 Preview: Cleveland Indians 10
- College baseball player cut after making offensive tweet about Mo’ne Davis (115)
- Ex-Cardinals outfielder Curt Ford was assaulted in St. Louis and told to “go back to Ferguson” (105)
- Mo’ne Davis says college ballplayer who wrote an offensive tweet about her deserves a second chance (88)
- Cardinals add “OT” patch for Oscar Taveras (76)
- Andrew McCutchen cut his hair for the first time in eight years (75)