All Stories Tagged: 38 Studios

The 'red flags' of 38 Studios' demise

A lengthy feature on The New York Times details the rise and fall of 38 Studios, and how both parties involved bit off more than they could chew. Rhode Island, eager to reinvigorate its economy with tech jobs, dove head-first into an investment that had "red flags" from the get-go.

38 Studios won't face federal charges

The U.S. Attorney's office has confirmed that it is no longer pursuing any federal action against 38 Studios, though Rhode Island state officials are still checking into the matter.

Rhode Island taking possession of 38 Studios' IP

The Rhode Island Economic Development Corp. and Bank of New York Mellon Trust Co. have been given court approval to take 38 Studios' game assets, in an effort to resell and make money back on the loan.