As Delaware firm, 38 Studios may be ineligible for RI tax credits
May 23rd, 2012 at 9:13 pm by Ted Nesi under Nesi's Notes
By Ted Nesi
PROVIDENCE, R.I. (WPRI) – Curt Schilling’s embattled video game company 38 Studios LLC could be ineligible for millions of dollars in state tax credits it desperately needs because the firm isn’t incorporated in Rhode Island, a requirement under state law.
Update: Curt Schilling took issue Wednesday night with Governor Chafee’s characterization of 38 Studios’ first game, “Kingdoms of Amalur: Reckoning,” as a flop. The governor made his comments at a news conference.
“I wanted to clear up some misinformation around 38 Studios first product, Reckoning,” Schilling wrote on Facebook around 9:20 p.m. “Sales of Reckoning OUTPERFORMED EA’s expectations and sold more than 1.2 million units in the game’s first 90 days in the market.” (EA is Electronic Arts, distributor of “Reckoning.”)
Joystiq reports 38 Studios employees haven’t been paid since May 1 and will lose health insurance Thursday.
Tags: 38 studios
Nesi's Notes covers politics and the economy in and around Rhode Island for WPRI.com. (Twitter: 
Too bad Rhode Island’s business laws are not as or more liberal than Delaware. Rhode Island then would be headquaters to most of the fortune 500 companies. Instead Rhode Island has some of the crappiest pizza joints and pasta houses on the Eastern Seaboard.
I agree Ed.
Also South Dakota where many, many Banks are headquartered.
It all comes down to RI having embedded labor costs for State employees and muni employees.
They can’t make meaningful changes without addressing that.
Ted, your blog has so much info in a timely fashion. WPRI needs to drum up more readers.
There should be hundreds of comments here.
Its easier to play games than to make them.
To all elected members of the General A$$embly, Senate and other levels of government they are called “Sunshine Laws”. Sunshine is one of the best treatments for diseased bodies such as the General A$$embly other Rhode Island government bodies. They have been around for approximately 40 years. They work, the boss system that Rhode Island is one big failure. Right now how many square feet of commercial space is vacant or abandoned in Rhode Island? How many houses right now are being foreclosed or are in shortsales? The number of these sales is increasing while home prices are losing 6% per month. If you don’t change you maybe forced out of office which I would love to see. Most of you belong in jail for the crimes you commited while supposedly representing the people of Rhode Island.
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