Kingdoms of Amalur IP Heads to Auction
Kingdoms of Amalur IP Heads to Auction
Information - posted by Crooked Bee on Sun 22 September 2013, 19:00:43
Tags: 38 Studios; Kingdoms of Amalur: ReckoningThe world's only state-funded RPG IP (or at least I assume so - correct me if I'm wrong), Kingdoms of Amalur, is to be auctioned by Rhode Island soon, Joystiq reports:
I seriously doubt anyone's crazy enough to pay $90 million, or anywhere close to that, for the IP when the first game was pretty much a failure on all fronts. We'll see, though.
Thanks Gamebanshee
Rhode Island is preparing to sell the Kingdoms of Amalur IP, with a website offering its assets going live this month, 38 Studios' court-appointed receiver Richard Land tells WPRI. 38 Studios collapsed in 2012 after launching Kingdoms of Amalur: Reckoning, taking $90 million of Rhode Island taxpayer money down with it.
The main piece of Amalur up for auction will be Project Copernicus, the studio's MMO-in-progress.
"If someone is thinking that Rhode Island is going to sell this for millions and millions of dollars, I would have a very difficult time believing that," Joystiq News Editor Alexander Sliwinski told WPRI in a Skype interview.
Land is optimistic about the sale: "The bulk of the game and intellectual property I don't believe is stale because the artwork is current, the tech used to develop the artwork is current, the concept is a current concept." Sliwinski warns that the fantastical world of Copernicus may be outdated as the industry shifts into the next generation.
The US Securities and Exchange Commission is investigating the $75 million loan that Rhode Island provided to 38 Studios. Rhode Island taxpayers have already begun paying back the loan.
The main piece of Amalur up for auction will be Project Copernicus, the studio's MMO-in-progress.
"If someone is thinking that Rhode Island is going to sell this for millions and millions of dollars, I would have a very difficult time believing that," Joystiq News Editor Alexander Sliwinski told WPRI in a Skype interview.
Land is optimistic about the sale: "The bulk of the game and intellectual property I don't believe is stale because the artwork is current, the tech used to develop the artwork is current, the concept is a current concept." Sliwinski warns that the fantastical world of Copernicus may be outdated as the industry shifts into the next generation.
The US Securities and Exchange Commission is investigating the $75 million loan that Rhode Island provided to 38 Studios. Rhode Island taxpayers have already begun paying back the loan.
I seriously doubt anyone's crazy enough to pay $90 million, or anywhere close to that, for the IP when the first game was pretty much a failure on all fronts. We'll see, though.
Thanks Gamebanshee
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