The troubled story of Kingdoms of Amalur: Reckoning and 38 Studios is seemingly at an end, as Rhode Island now owns the assets for the game.
United States Bankruptcy Judge Mary Walrath awarded the Rhode Island Economic Development Corporation and Bank of New York Mellon Trust Company the assets of 38 Studios. The two groups were the trustees of a $75 million loan to the game company, and when 38 Studios went under, the two asked for permission to take over the assets. The Amalur intellectual property will more than likely try to be sold in order to recoup some of that $75 million lost.
Former Major League Baseball pitcher Curt Schilling moved his 38 Studios from Massachusetts to Rhode Island with the help of the $75 million loan. Schilling put up Amalur's assets, patents, software, and more as collateral, and now those all belong to Rhode Island.
This should certainly be the end of the story for 38 Studios, but maybe Kingdoms of Amalur will live on in the hands of another studio. The premise of the game was certainly interesting and it did manage to sell over one million copies in its first 90 days. Perhaps EA will buy the rights since it expressed interest in a sequel. Only time will tell.