Archive

38 Studios' Project Copernicus to be Auctioned “Soon”

Posted Thu, Sep 12, 2013 by Martuk

If you happen to have a thick wad of cash lying around and want to get into the business of MMORPGs, 38 Studios unfinished MMORPG codenamed Project Copernicus will soon be sold off according to court-appointed receiver Richard Land. WPRI reports that the intellectual property will be sold off via a website auction.

"The process is taking longer than we anticipated for a variety of reasons including the complexity of the game itself," Land told WPRI.com Wednesday. "We have engaged an auctioneer and they are developing an Internet marketplace – or website – to market the game."

It’s unclear exactly what the IP will bring once auctioned, but the longer Rhode Island waits the less valuable it is likely to be given that the market is already oversaturated and we’re in a transition of new tech that will power a new generation of MMORPGs. In any case, Rhode Island officials hope that the sale of the IP will help clear up some of the more than $75 million loan guarantee that the state is on the hook for following the bankruptcy of 38 Studios last year.

The story of the sale comes on the heel of news that the SEC is now also investigating the 38 Studios EDC deal.

Source: WPRI


Copernicus-Green-City.jpg

Some of the remaining game properties from 38 Studios were sold off during an auction this week but Copernicus wasn’t one of them.

News
Fri, Dec 13, 2013
Martuk
Copernicus-City.jpg

Bidders made their offers for the remaining game assets and tech left over of the defunct 38 Studios in the final asset auction earlier today.

News, Official Announcements
Wed, Dec 11, 2013
Martuk
Copernicus-Night.jpg

The auction for 38 Studios’ game assets and IPs has been pushed back to December following “greater than expected” interest.

News, Official Announcements
Fri, Nov 08, 2013
Martuk
Copernicus-City.jpg

The lawyer charged with selling off 38 Studios’ game IPs wants to delay next week’s planned auction due to “greater than expected interest.”

News, Official Announcements
Wed, Nov 06, 2013
Martuk

News from around the 'Net