New York-based financial communications shop JCIR worked with Heritage Global Partners on the Dec. 11 auction of assets from 38 Studios, the bankrupt video game developer led by former pro baseball player Curt Schilling.
While the auction sold two assets for $320K, it failed to move the rights to its flagship (but unfinished) game, "Project Copernicus," a disappointment for the state of Rhode Island, which is on the hook for a $75M loan guarantee.
The studio filed for bankruptcy in June 2012 after a well-publicized fall. Gov. Lincoln Chaffee, who was not in office when the state backed the studio, called the Copernicus game "a lot of junk" after the attempted sale last week.
The auction sold two games controlled by 38 Studios and its Big Huge Games unit – "Rise of Nations" and "Rise of Legends."
JCIR managing director Robert Rinderman reps asset recovery and auction firm Heritage Global.
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