Technically you're correct. RI co-signed the loan so they will be paying those salaries + interest for years to come since the company is in its death throes. The ex-employees have every right to be angry, and they may even choose to believe what their supervisors tell them and vilify the governor who's trying to look…
That's very informative, but the bit about RI needing to yield capital to a private investor is just not fair. The likelihood of the project selling enough to make back both new investors money PLUS the 100 million RI loan is low (logically, or private investors would have no problems being a 2nd string creditor), so…
Yeah I've been reluctant to make a thread since there wasn't one already and it could be a touchy subject, but this has been a huge news story here (understandably so). I'm not affiliated with 38 in any way, and although I wish them the best (for their sake, the sake of the state, and the sake of future developers in the…
It's a bit naive, yes - depending on the development team size and length of development, a AAA game can cost anywhere from 20-100m easily, and the net from a sale is probably somewhere closer to $10-$20 for the development side of things, and a lot of that is paid preemptively by the publisher, meaning that even if you…
This is a bit off topic, but man, I can't stand Curt Schilling. He always comes across as one of those blowhards who is always right and always knows more than you, but he's as fake as a $3 bill. His profile on the 38 Studios site says "Mr. Schilling has 8 years of video game industry experience." Yeah, except that half of…