38 Studios pondering move to Rhode Island

On precipice of debut game's world premiere, Massachusetts-based developer considering relocation to the Ocean State for a possible $75 million in loan guarantees.

In 2006, Red Sox pitcher and noted EverQuest fan Curt Schilling established his own development studio, Green Monster Games. That operation has yet to officially reveal its first game, but it has already changed names to 38 Studios and could soon change states as well.

To date, all 38 Studios has shown of its games is a handful of concept art pieces for Copernicus.

The Boston Globe today is reporting that Schilling's outfit has a meeting with the Rhode Island Economic Development Corporation later this week. The studio is reportedly seeking $75 million in loan guarantees from a pool of $125 million in guarantees the state set aside for high-tech companies last month.

While Massachusetts doesn't offer tax breaks or other incentives directed specifically at game companies, a representative for the state's secretary of housing and economic development told the paper there were other options. For example, the state has programs that provide benefits like tax credits to companies that commit to adding permanent positions to the payrolls.

38 Studios currently has two main locations, with two separate projects in development, codenamed Copernicus and Mercury, the latter of which is set to make its world premiere next week. The studio has a July 22 panel to unveil the role-playing game at the San Diego Comic-Con, with Schilling joined by lead designer Ken Rolston, Spawn creator and 38 Studios executive art director Todd McFarlane, and fantasy author R. A. Salvatore, who hold the position of 38 Studios' "executive creator of worlds."

A representative of 38 Studios declined to comment on the matter for GameSpot.

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Discussion

13 comments
Urworstnhtmare
Urworstnhtmare

So why are they thinking of moving? Aside from the obvious tax credit...

daihideo
daihideo

This makes me happy that Schilling was inspired by a game (EQ) and turns around and starts his own company to develope one of his own. And the Art Director for him is Todd McFarlane!? I can't wait to see some real gameplay of how this will play out. I really hope they come out with some game sequences on this. This is awesome!

Barighm
Barighm

I hope Curt put some money aside for retirement before he sunk what must have been his entire career's worth of pay into this company.

smghottie
smghottie

Damn, a $75 mill loan would give Schilling a bit of help eh? That company has got to be leaking money right now, considering they've been paying people for four years and haven't earned any profits...ever.. Maybe not. We'll see. I suppose that's what loans are for...

acer_062
acer_062

This is news!!!!! ... I think knowing the weather forecast would be more useful.

Jag-T1000
Jag-T1000

Why so many? Rhode Island is small. They're not all going to fit there.

bossyman15
bossyman15

hahah I thought 38 different studios are moving to Rhode Island.

okassar
okassar

LOL! Looking at the title I thought there were going to be 38 studios moving to Rhode Island, maybe because of a subsidy for developers or something.

k2theswiss
k2theswiss

i'm shocked .. like 4real. What to know why? I would though they would say they moving to china.

GravityDs
GravityDs

I can see that many ppl don't realize that A)R.A. Salvatore, one of the greatest fantasy writers of all time, is developing the story and world for this game B)Todd McFarlane and his art team are visually creating the world and C)The lead designer for The Elder Scrolls IV: Oblivion is working on this game as well. So......what about this doesn't sound awesome? And who thinks that this game might be one of the most amazing MMORPG's ever made? I do.