Posted Tue, May 29, 2012 by Martuk
"The governor is not operating in the best interest of the company by any stretch, or the taxpayers, or the state," Schilling told the newspaper. "We're trying to save this company and we're working 24/7. The public commentary has been as big a piece of what's happening to us as anything out there."
Schillings also stated that he stands to lose $50 million of his own money and that the state economic-development officials broke financial promises to the studio by reneging on a deal to approve film tax credits that 38 Studios was “legally entitled to.” The studio also sought to defer the $1.12 million payment that sparked all of the controversy earlier this month to make its payroll. That obviously did not happen given that the payment was made earlier this month and 38 Studios was forced to lay off all of its employees last Thursday.
The fate of 38 Studios is still in the air, but efforts to find new investors and save the studio is still ongoing. Stay tuned and we'll update you when we have more.