Following its payment to the state, 38 Studios has released a flyby video that showcases the world of Project Copernicus. It is an MMO set in Amalur’s world; it’s set to launch in June 2013.
The clip shows off some of the environments you’ll face, as well as some dramatic architecture.
In further 38 Studios news, Rhode Island governor Lincoln Chafee has announced that the studio’s $1.125 million check to the state has cleared. This fulfills its first required payment on the loan it received from the state.
Chafee noted that “it’s time for [38 Studios] to go out and get private capital funding… that’s the deal. It’s a generous deal, but stick to it.”
The studio’s next payment is a debt service payment of $2.6 million; it is due in November. It will then owe a further $12.6 million in full annual debt service next year.
The governor appears to have learned his lesson, noting that he is not going to take a gamble of this nature again: “Never, never ever. Not under my watch.”
38 Studios isn’t out for the count just yet. Rhode Island governor Lincoln Chafee stated in a press conference that the studio’s Amalur-based MMO, only known as “Project Copernicus”, is set to launch in June 2013.
We know nothing of the game as of yet. It is apparently a “risky enterprise,” according to Chafee, who is referring to the troubled business deal between the studio and the state.
The governor also noted that the studio intends to seek private capital to pay off its loans to the state.
38 Studios is facing financial difficulties, and has turned to the Rhode Island government to stay solvent. It is the owner of developer Big Huge Games, which recently released Kingdoms of Amalur: Reckoning.
It is meeting state officials to get out of this financial dilemma. However, specific measures haven’t been discussed yet.
“We’re always working to keep Rhode Island companies solvent, and that’s what we’re doing with 38 Studios,” said Governor Lincoln Chafee to local TV station NBC 10.
Initially formed in Massachusetts, the company was then moved to Rhode Island when it offered a $75 million loan guarantee in 2010. They believed it would bring jobs and tax revenue to the state. Nevertheless, it was a hot topic during the recent election season.
Kingdoms of Amalur: Reckoning has sold about 410,000 copies across all platforms since release.