Kingdoms of Amalur IP to be Auctioned in Coming Months

Once thought of as a start of a huge franchise, Kingdoms of Amalur has in fact been ill fated. The game’s developer 38 Studios went bankrupt after borrowing a bulk of 90 million dollars and now the state has intervened to recover the sum by auctioning their assets.

This means that Kingdoms of Amalur IP and “Project Copernicus” will be up for grabs sometime soon in the coming months –courtesy of Rhode Island authorities.

You might want to pool up money with your friends if you are a diehard fan of the role playing game that was once considered one of the big ones in 2012. Jokes apart, I see bidders going in not for Kingdom of Amalur but rather the other MMO project under development which they had named “Project Copernicus.”

After declaring bankruptcy, 38 Studios’ court appointed receiver Richard Land announced that the company’s assets will be auctioned soon but no specific dates were given. Land was talking to a news agency WPRI.

The company, owned by ex-pro baseball player Curt Schilling had been shifted to Rhode Island specifically to get their hands of the huge amount of loan. If Kingdoms of Amalur: Reckoning had sailed as expected it would have been able to pay off all the debts.

The whole gig is being considered as a big opportunity by some of the analysts but some, like Joystiq’s News Editor Alexander Sliwinski don’t see it as a very lucrative prospect.

Owing to the risk aversion present in the market regarding MMOs, he believes that the franchise is not going to sell for millions and millions of dollars. On the other hand, Land the receiver is pretty optimistic about it:

“The bulk of the game and intellectual property I don’t believe is stale because the artwork is current, the tech used to develop the artwork is current, the concept is a current concept,” he told WPRI.

The actual auction date might get announced in the coming week.

Source: Joystiq

Sarmad is our Senior Editor, and is also one of the more refined and cultured among us. He's 25, a finance major, and having the time of his life writing about videogames.