38 Studios: Another Angle
Posted by Stropp on May 30, 2012Curt Schilling made some comments about the 38 Studios situation today that goes some ways to clarifying what went wrong over the last week.
While I still think the business was badly managed, the lack of communication between management and staff being the most telling sign of mismanagement, it appears that the state of Rhode Island bears some of the blame too. From what Schilling said, the studio was negotiating with investors to provide funds to help pull them out of trouble when the Governor broke confidence and made a number of public statements that scared the investors off. There was also an alleged broken promise for an approval of tax credits.
If what Schilling says is true, it doesn’t look like Rhode Island is a trustworthy government to do business with.
The question is, if the state hadn’t hurt investment in 38 Studios and had kept their deal with the tax credits, would 38 Studios been able to survive to bring its games to completion?
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