State, 38 Studios in discussions

State officials have been meeting with the video game company owned by former Boston Red Sox pitcher Curt Schilling, Gov. Lincoln Chafee told NBC 10 on Monday.

“We’re always working to keep Rhode Island companies solvent, and that’s what we’re doing with 38 Studios,” Chafee said.

Providence-based 38 Studios was founded in Massachusetts but lured to Rhode Island in 2010 after state officials offered it a $75-million loan guarantee. The state said its backing would help the company bring hundreds of jobs and millions of dollars of tax revenue to the state.

“We’re working with 38 Studios on different issues. That’s all I can report right now,” the governor said.

Calls placed to 38 Studios on Monday were not returned.

Keith Stokes, executive director of the Rhode Island Economic Development Corp., had no comment.

In February, the company released the single-player role-playing game “Kingdoms of Amalur: Reckoning.”

According to the NPD Group, 410,000 copies have been sold since its release. The figures represent sales in the U.S. across Xbox 360, Playstation 3 and PC versions of the title.

Stokes was criticized during last year’s governor’s race for advocating the loan guarantee to bring the company to Providence.

Schilling told NBC 10’s Gene Valicenti after the game was released what the taxpayer guarantee meant.

“The only way taxpayers lose is if the company failed,” Schilling said.

Article source: http://www2.turnto10.com/business/2012/may/14/state-38-studios-discussions-ar-1036440/

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