38 Studios makes state payment, plans 2013 release for MMO
Kingdoms of Amalur developer 38 Studios made its first payment for the $49 million loan it received from the state of Rhode Island, and will seek private funding to continue operations. The developer's financial difficulties came under increased scrutiny this week after it came to light that 38 Studios failed to make its first scheduled $1.125 million loan repayment, and could not pay its nearly 400 full-time employees.