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Curt Schilling's 38 Studios Struggling Financially

Posted by Soulskill on from the welcome-to-the-big-leagues dept.

medv4380 writes "38 Studios, run by Curt Schilling, is having a hard time paying its bills and employees. The gaming community hasn't been happy with the company since the issue with an Online Pass for Single Player Content, which we discussed previously. Now, 38 Studios has bounced a check intended as a payment on its $75 million loan from the state of Rhode Island. If the company defaults, Rhode Island taxpayers will have to cover the loan and interest, which could total nearly $100 million."

1 of 158 comments (clear)

  1. The real story by MyLongNickName · · Score: 5, Insightful

    Paying companies to relocation is a win for owners a loss for working stiffs. In the best scenario, tax payers in the new community get the benefit of more jobs at the expense of subsidizing millionaires. The old community losts the jobs the new community gains.

    In this case, not only did the new community not gain jobs in the long term, but they are now responsible for $100M in loans. Brilliant job.

    I like free markets. I have government in bed with big business.

    --
    See my journal for slashdot ID's by year. Mine created in 2005. http://slashdot.org/journal/289875/slashdot-ids-by-year