38 Studios (and its subsidiary Big Huge Games – Rise of Nations), developers of Kingdoms of Amalur: Reckoning (2012), has apparently effectively closed. Selling 1.2 million copies of the game across Steam, Origin, PS3 and Xbox 360 in 90 days just wasn’t enough to pay the bills (though it outperformed the expectations of publisher, Electronic Arts). The break-even point apparently was 3 million copies (or even more), according to Rhode Island Governor, Lincoln Chafee.
Everything seemed to be going well, with word that a bungled loan repayment had finally been made, it looked like 38 Studios would hang in there for another few months, and that the attention its woes brought to its game might spark enough sales to keep the lights on.
No such luck, apparently.