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Schilling: Investor for Reckoning sequel pulled out over "devastating" comments made by RI governor 

Curt Schilling has told The Providence Journal he could end up losing $50 million of his own money due to his studio's failure, furthermore claiming comments Rhode Island governor Lincoln Chafee made regarding the firm were "devastating," and "scared off private investors."

Schilling said he invested $50 million of his person fortune into the studio, and $50 million of a planned $75 million loan which was co-signed by Rhode Island was thrown into development Project Copernicus - confirming comments made by a source close to the matter yesterday.

Schilling also confirmed yesterday's rumor that a sequel to Kingdoms of Amalur: Reckoning was in the works with a private investor on board for it. However, due to the governor's comments, the investor dropped out of the deal, taking its $35 million with it.

He also told the paper that state economic-development officials "reneged on a deal to approve film tax credits," which he said 38 Studios was legally entitled to which would allow the firm to defer the $1.12-million payment due the state on May 1. Because of this, the studio was unable to pay its employees and ended up laying off 291 employees in Rhode Island and 100 others in its Maryland office.

Thanks, Joystiq.

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Kingdoms of Amalur: Re-Reckoning

PS4, Xbox One, PC, Nintendo Switch

Awaiting cover image

Project Copernicus

PC

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Stephany Nunneley-Jackson

News Editor

Stephany is VG247’s News Editor, with 22 years experience (with 15 of them at VG247). With a brain that lacks adhesive ducks, the ill-tempered, chaotic neutral fembot does her best to bring you the most interesting gaming news. She is also unofficially the site’s Lord of the Rings/Elder Scrolls Editor.

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