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May 22nd, 2013, 18:08
Originally Posted by guenthar View Post
I don't know what the contract 38 Studios had with Rhode Island but if Rhode Island would have given them the proper amount of time to pay the loan then none of this would be happening. As it is the amount of time given was far shorter then a typical loan of this type. It is still the Studios fault for signing a contract with that short of time on it but the Rhode Island government should have never made the contract in the first place.
Yeah it was clear from the terms that both sides were a bit out of their depths as far as fitting this sort of thing to the development cycle of video games. Since 38 studios had also run short and was unable to meet payroll even without successfully paying the amount due on the loan though, they would have been in serious trouble even if the terms of the loan had been better fit to the development cycle of their MMO.
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