Kingdoms of Amalur: Reckoning developer has been making news lately. Unfortunately, it has all been financial and none of it has been good. Today, we have learned that the studio has failed to make payroll, leaving their employees without paychecks.
Reports have shown that the studio is in danger of passing its more than a million dollars worth of debt on to Rhode Island citizens if they fail to pay it off. Reports show that the studio is working to deal with their debt. It appears their employees may be paying the price though.
The studio has also allegedly been forced to let all their currently employed contractors and temps go. 38 studios is working to pay back a 75 million dollar loan which they borrowed in 2010. They have gone into default on this loan as a result of missing their latest payment of $1.125 million.
The studio actually had a check for the total amount of the payment hand delivered to the Rhode Island Economic Development Corporation earlier today which was later returned. The RIEDC stated that this was because of insufficient funds being available.