rise-of-nations posts

38 Studios estimates it will take 50 to 100 million to finish Copernicus, Schilling looking for investors

by Seraphina Brennan Jul 28th 2009 at 7:00PM

Filed under: Fantasy, Business models, MMO industry, News items

Curt Schilling is out on the field again -- the investing field, that is. The former baseball star turned game developer is looking for more investors to back 38 Studios and their first game, the title codenamed Copernicus. The company's estimates for their game requires 50 to 100 million more in funding for the staff, all with their tentative December 2010 launch in mind.

Keep in mind, of course, that 38 Studios has acquired Maryland developer Big Huge Games, the company known for Rise of Nations, Rise of Legends, and Xbox Arcade's version of Catan. That acquisition doubled the company's headcount and has possibly driven operating costs into the 15 to 20 million a year range, according to the Boston Globe.

So far Schilling hasn't had any luck with potential investors. However, as he said to the Boston Globe, "I'm not going to complain about the economy. It's like pitching on a rainy day. The other guy has to pitch in it, too."

[Via Cuppycake]

Tags: 38-studios, acquisition, big-huge-games, boston-globe, breaking, budget, catan, copernicus, copernicus-mmo, funding, investors, kurt-schilling, r-a-salvatore, rise-of-legends, rise-of-nations