Except it wasn't a loan, it was a loan guarantee. Big difference.
People who were on the fence about investing in 38 studios were told by RI "hey don't worry, if something goes wrong, we'll pay you back".
In exchange for this loan guarantee, 38S moved from Maynard, MA to RI (to get more people working to help boost the RI economy, which is not unusual for states to do).
Now that they are having to do exactly the purpose of a loan guarantee, they are bawking? pfft.
They did not loan 38 studios money. The put up the money as loan guarantees.
There is a difference.
RI told the people lending 38s money "hey no worries. if something happens, we'll pay you back". They did this in exchange for 38 moving to RI. Now that they have to do exactly what they agreed to do, they are bawking. If 38S was successful, the state would have never spent a dime.
Well, since Reckoning wasn't made by 38 studios, and was paid for by different funding from EA, and all proceeds were going back to EA in exchange for the funding, that's really not how it works.
KoA: Reckoning, was made by Big Huge Games. They had been working on the game long before 38 studios came along. Once they did though, the setting was moved from what they were working on to fit in the larger "Amalur" world.
But otherwise, yeah. It was not a loan, it was a loan guarantee.
The problem I see is Chaffee had it out for 38 studios from the beginning. The moment he was elected governor, 38S was screwed.
Also, RI went to 38S, not the other way around. It was a "hey, we'll back things, in exchange, move your company here and help boost our economy". Same thing many states do.
EA was "taking a cut" because they had paid the bills to get Reckoning made.
Reckoning had very little to do with 38 studios, which was focused on Copernicus.
Big Huge Games had been working on the game long before 38 studios stepped in and saved them from bankruptcy. Once they did, the setting was changed to fit with what was going on with Copernicus.
It also amazes me how many people blame Schilling et al for RI going to him and offering him money in exchange for moving this company.
laethyn1's comments