38 Studios auction finds no buyer for Amalur MMO, Kingdoms of Amalur: Reckoning sequel
No acceptable offers made for Project Copernicus or RPG sequel; Rise of Nations, Rise of Legends, and Big Huge Games trademark sell for combined $320,000 to mystery buyers.
The 38 Studios/Big Huge Games liquidation auction held this week found no buyer for Project Copernicus, the company's in-development MMORPG, or sequel rights for Kingdoms of Amalur: Reckoning. In addition, 38 Studios social media platform called Helios did not find a buyer.
Other unsold assets included the Big Huge Games Engine and intellectual property rights for Catan.
The state of Rhode Island's attorney, Richard J. Land, announced the results of the auction today. Rhode Island assumed ownership of all 38 Studios assets after the company went bankrupt in summer 2012.
As for assets that did sell, Land said five parties actively participated in the auction and two lots were ultimately sold. One lot included Rise of Nations and Rise of Legends games and associated intellectual property; the second was for the Big Huge Games trademark itself.
Gross proceeds for both lots was $320,000, though buyers were not mentioned. In total, more than 20 parties expressed interest in the assets, Land said.
Proceeds so far pale in comparison to the estimated $100 million debt Rhode Island faces as a result of 38 Studios' bankruptcy, but the state has not given up on its attempts to sell the unsold assets. Land said the state will continue to negotiate with interested parties to sell the remaining assets.
Two auctions last year liquidated office equipment from 38 Studios in Providence, Rhode Island, and the company's office in Timonium, Maryland, netting less than $1 million.
Nancy Drew: Mystery of the Seven Keys | World Premiere Official Trailer Modern Warfare III & Warzone - Official Cheech & Chong Bundle Gameplay Trailer The Fallout TV Show's Biggest Easter Eggs Teenage Mutant Ninja Turtles: Splintered Fate – Announcement Gameplay Trailer Dead Island 2 – Official SoLA Expansion Gameplay Launch Trailer SteamWorld Heist II – Official Reveal Gameplay Trailer Harold Halibut GameSpot Video Review Little Kitty, Big City – Release Date Reveal Cat Quest III - Release Date Trailer LORELEI AND THE LASER EYES | Release Date Trailer Honkai: Star Rail — "Non-Zero-Sum Game" | A Moment Among the Stars Animated Trailer Stellar Blade - Official Live Action Release Date Trailer| PS5
Please enter your date of birth to view this video
By clicking 'enter', you agree to GameSpot's
Terms of Use and Privacy Policy
Got a news tip or want to contact us directly? Email news@gamespot.com
Join the conversation