Creators of the recently released action-RPG, Kingdoms of Amalur: Reckoning have closed shop. It was reported that 38 Studios had failed to make payments on a $75 million loan it received from the state of Rhode Island, given by the Rhode Island Development Corporation development fund, in 2010.
As a result of the missed payment date, along with a re-evaluation both 38 Studios and BigHuge Games are sadly no longer in operation. Both studios were working on an MMO before the closures. As a result all future patches and expansions are no longer being worked on.
We wish all the former employees the best as they hunt for a new job.