Amalur IP Worth Only $20 Million, EA May Not Publish Copernicus
Curt Schilling said he wanted to do a sequel to Kingdoms of Amalur: Reckoning. But at this rate, that task might fall to another team.
With Schilling's 38 Studios struggling to stay afloat, layoffs have hit the developer. The layoffs came after Rhode Island governor Lincoln Chafee said the state government was through giving 38 Studios "easy money." Uh-oh.
Now, Wedbush Morgan analyst Michael Pachter has estimated that the Amalur IP is worth only about $20 million. Pachter said that there is little demand for game assets right now, although he did say Reckoning publisher EA might step in to help.
"Nobody is buying MMOs after Star Wars fizzled. I think value is low, probably $20 million or so. There is just no demand for game assets right now, as THQ proved when it tried to sell the Warhammer MMO. I think [Electronic Arts] could step in, since they are the publisher, so you might see some alternative way to get 38 some bridge financing."
That being said, we're not even sure if EA will publish 38 Studios' next big game, "Project Copernicus," which has apparently eaten up most of the loan money the developer received from the state of Rhode Island. Right now, EA isn't making any new commitments to the floundering developer; here's what EA boss of corporate communications had to say:
"Nope – never been an announcement on that. We don't have any new announcements to make regarding 38 Studios. We enjoyed working with Curt and his team on their first game, Kingdoms of Amalur: Reckoning. Like game fans all over the world, we look forward to what 38 Studios creates next."
The good news is that with Amalur apparently so cheap, somebody somewhere might want to snag it. But because 38 Studios put up the IP as collateral against that $75 million state loan, any company that wants the IP will have to negotiate with Rhode Island for ultimate control of the name.
38 Studios hasn't made any official statements concerning the situation.
Related Game(s): Kingdoms of Amalur: Reckoning
5/23/2012 9:55:55 AM Ben Dutka