Friday, May 18, 2012

Kingdoms of Amalur dev in deep financial trouble

Sad news folks: despite coming up with one of the better new IPs in recent times, the fine folks behind Kingdoms of Amalur, 38 Studios, is struggling financially.

According to this report the company has missed payroll for its nearly 400 employees and failed to make a $1.125 million loan repayment this month.

While the studio isn't shutting up shop just yet, it goes without saying this is a serious problem for the company. No doubt the fact Kingdoms of Amalur was a commercial bomb didn't help.

Oh well. Guess that's what happens when you invest in making a new IP.

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