The auctioning of intellectual property from defunct video game maker 38 studios resulted in the sale of two of the five lots up for bid. The assets were part of the video game company owned by baseball legend Curt Schilling.
The two lots going to the highest bidder included the games “Rise of Nations” and “Rise of Legends” and all of their intellectual property. The other lot sold held the trademark for Big Huge Games, a Maryland-based video game company owned by 38 Studios.
Intellectual property rights for 38 Studios, the failed video game that left Rhode Island taxpayers on the hook for $90 million, were slated to hit the auction block Wednesday. Nick Jimenez, executive vice president with Heritage Global Auctions, says via email there will be "more to report after the sales process is completed in the coming days." In the interim, an update on related developments:
The state’s lawsuit over failed video game company 38 Studios will move forward. Superior Court Judge Michael Silverstein dismissed some of the counts, but allowed key parts of the state’s lawsuit to move ahead.
Rhode Island’s lawsuit over failed video game company 38 Studios will move forward. Superior Court judge Michael Silverstein dismissed some of the counts, but allows key parts of the state’s lawsuit to move ahead.
Former Red Sox star Curt Schilling says stress from 38 Studios’ business problems was part of why he suffered a heart attack in 2011. Schilling revealed the health problem in an interview with the Boston Sunday Globe.
Schilling tells the Globe he experienced chest pains while watching his wife run in the New York Marathon in November 2011. That was seven months before 38 Studios went bankrupt, leaving Rhode Island taxpayers on the hook for close to 100 million dollars. Schilling says he was treated after returning to Boston.
A legislative committee Wednesday held the fourth in an ongoing series of oversight hearings on Rhode Island’s investment in failed video game company 38 Studios. Committee members had different views on the value of the meeting.
Will Rhode Island ever get beyond the shadow of the 38 Studios-Curt Schilling disaster. RIPR political analyst Scott MacKay on why state government so far has not developed options for putting this behind us.
President John F. Kennedy said famously that ``life is unfair.’’ Some men,’’ he noted, ‘’are killed in a war, some men are wounded and some men never leave the country.’’