38 Studios has been through a lot over these past 3 weeks. After failing to make a payment to the state of Rhode Island on May 1st, it was looking like the company might be unable to recover from the mess it was in. You know you’re in trouble when you might end up having to shut down and force an...

Last week, 38 Studios was in some pretty deep water. The developer had failed to pay a $1.125 million fee to the Rhode Island Economic Development Corporation, and when it finally tried to pay the fee, they had the check recalled because of an apparent lack of funds available to cover it. Now it seems that...

Things keep looking worse and worst for Curt Schilling’s 38 Studios. After failing to make a $1.125 million payment earlier this month, it now turns out that the company can’t even pay for it’s 400 some-odd employees who work there. According to a source talking with Joystiq, not only were...

After failing to make a scheduled 1.1 million dollar payment to the Economic Development Corp. on May 1st, 38 Studios may be in some deep trouble. Curt Schilling, the former Red Sox pitcher who founded the company in 2006 as Green Monster Games, had an emergency meeting with Rhode Island state officials to...

Quick, what do you do when the guy you hired to act as your PR firm decides to insult your customers and jeopardize your entire company? If you’re a sane person, you’d have answered “Fire him immediately”, and that is exactly what N-Control CEO David Kotkin did. However, despite firing the man who...

After hitting an all-time low of $0.45 on April 17th, THQ’s stock prices closed at $0.67. While that is still below the threshold needed to keep the beleaguered publisher from being delisted, it’s certainly showing an upward trend for a company that desperately needs it. To totally avoid delisting, THQ...

Mike Hayes, CEO of Sega Europe and Sega America, will be stepping down from his role sometime this summer. He will be taking on different roles throughout the industry, and will remain with Sega in “advisory roles” if needed. There is no word yet from Sega about how they will fill the CEO role at this...

It was announced yesterday that 505 Games will finish what THQ started, as they will be taking over publishing duties for the Adidas miCoach 24/7 game. This is the final chapter of the THQ-miCoach debacle, as THQ was sued for a breach of contract by Adidas to the tune of $10.6 million. In March, THQ had...