The curtains have drawn to a close for 38 Studios. The studio which recently released Kingdoms of Amalur has announced a company wide lay off effective immediately. The game simply did not sell enough copies to keep the studio afloat. 38 Studios was not without controversy though. 38 was started by Boston Red Sox pitcher Curt Schilling a few years back after he saved the studio Big Huge Games from certain failure. Things were looking good until the state of Rhode Island decided the studios worthy to receive a $75 million loan. The loan was issued in the summer of 2010 to the struggling company and things once again seemed to be going well. On May 15th 38 Studios requested an emergency meeting with those in the Rhode Island legislature that gave them the loans. It appeared they had missed one of their $1.1 million payments. 38 studios was in over it's head and it had no more favors to call in or checks to cash. Citing an "economic downturn" was the reasoning given to employees on their pink slips.