PROVIDENCE, R.I. — The state of Rhode Island will get just under a million dollars from the sale of Curt Schilling’s failed video game company’s last unclaimed intellectual property.
It was announced Thursday that THQ Nordic had acquired the rights to Kingdoms of Amalur from the defunct 38 Studios.
According to a report, the game an its intellectual property rights were sold to THQ Nordic for $900,000 and the money will go to the state.
The receiver for 38 Studios says "Kingdoms of Amalur" sold for $900k. That money will go to the state of RI.
— Tim White (@TimWhiteRI) September 6, 2018
38 Studios, which was founded and fun by Curt Schilling, was liquidated in 2013 after financial mishaps and most IP was sold, except for Kingdoms of Amalur.
Amalur was a well-reviewed and critically praised game, but it didn't sell enough copies to keep the company afloat as it prepared to release an online game in 2013.
Schilling moved 38 Studios to Providence from Massachusetts in 2010 in exchange for a $75 million loan guarantee. It ran out of money and went bankrupt less than two years later.
The legal wrangling since then has included a lawsuit against a number of parties that ultimately settled for a total of about $61 million, and a grand jury that concluded its work in 2015.
Many employees were left on the hook for unpaid bills and unpaid mortgages that were supposed to be covered by the company.
MORE: Court hears arguments for releasing 38 Studios records
The Associated Press contributed to this report.
Cox Media Group
