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38′s payment clears, Copernicus MMO out June ’13

Friday, 18th May 2012 19:39 GMT By Stephany Nunneley

Rhode Island governor Lincoln Chafee said during a press conference today the $1.25 million check 38 Studios handed the Economic Development Corporation has cleared the bank.

He also said the studio’s Project Copernicus MMO will launch during June of 2013.

Earlier reports stated that in order to make the required payment, the firm deferred payroll and let go of all contract and temporary staff. The report also said the check handed over to the state bounced, but it seems to have cleared now.

“It’s time for them to go out and get private capital funding,” said governor Chafee. “That’s the deal. It’s a generous deal, but stick to it.

“I want to make sure we’re doing everything possible to make sure 38 doesn’t fail. We’re in deep. There’s not going to be any money from the state. They’re not coming here for easy money.”

Chafee said he knew the loan was a risky move on the state’s part due to the capital it takes to start a new gaming studio, but the rewards outweighed the risks when the deal was signed due to what a “huge success” it would have been for Rhode Island, providing 38 Studios had done well.

“I said from the beginning that it was a risky enterprise,” he told the press. “Again, these are the ramifications of being in a risky business.”

The next loan payment of $2.6 million, which is a debt service payment, is due to the state is due on November 1. The firm will them owe $12.6 million in full annual debt service in 2013.

You can read up on more of this over on Joystiq here and here.

A video showing a fly-through of the game world is through here.

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12 Comments

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  1. Johnny Cullen

    Quite frankly, there’s as much chance of Copernicus coming out next year as there is TES Online: none. Just don’t see it happening next year or even at all now.

    #1 2 years ago
  2. Phoenixblight

    Even with TES: Online. I feel the MMO market is saturated enough with fantasy MMOs. We will be getting GW2, WOW expansion in the next few months. What happened to variety?

    #2 2 years ago
  3. Sini

    I see their mmo bombing in sales, whether it comes out in 2013 or not.

    #3 2 years ago
  4. Stephany Nunneley

    @1 TESO better come out in 2013. It’s been in the works since 2007 for crying out loud.

    #4 2 years ago
  5. TheWulf

    @2

    In all fairness, Guild Wars 2 is much more steampunk than it is generic fantasy. Even the less advanced races have benefited from some of the developments, and technology is present almost everywhere in some form or another. I could use more steampunk settings, to be honest.

    It’s just that there’s so much genre purism surrounding fantasy, and people just want to keep it to elves and friggernaffin’ dwarves frolicking through fields with their magic, and giant hammers, and po-faced dullness.

    But this is why I liked Guild Wars 2 – it fulfilled what I’ve been looking for in that, whilst playing as a charr and going through the personal storyline, it didn’t feel like a typical fantasy setting.

    Let’s face it – when you think of fantasy you don’t usually think of being a guy who’s toiling over developing military tech to be rolled out within his people’s military, whilst dealing with various forms of spies and espionage along the way. That just doesn’t scream ‘fantasy.’ And yet it is fantasy, it’s fantasy done right.

    Because fantasy can be anything ever. That’s the point.

    I remember going through a desk-flipping rant in the Dragon Age 3 thread about this, and how much genre purism annoys me. Frankly, I want to see more Discworld and less Tolkien.

    On that note, I’d really dig a Discworld RPG. That would be wonderful.

    #5 2 years ago
  6. Se_7_eN

    @Steph – Completely agree… While it wasn’t officially announced till recently, it has been hinted at for ages.

    #6 2 years ago
  7. voxelman

    @5 Well WoW is steam punk as well, there are muskets, tanks, Blimps etc

    #7 2 years ago
  8. Telepathic.Geometry

    I hope that they can hang in there somehow. /prays

    #8 2 years ago
  9. Patrick Garratt

    There’s no way this game will release. If they can hardly pay their overheads, how the hell are they going to run an MMO?

    #9 2 years ago
  10. Gheritt White

    FUCK Steampunk, I want to see more Dieselpunk games! Way more interesting and so underdeveloped.

    #10 2 years ago
  11. Hunam

    Cyberpunk or GTFO

    #11 2 years ago
  12. OrbitMonkey

    IkeaPunk or nothing! Swedish minimalism and flatpacked armour sets!!

    #12 2 years ago