Curt Schilling’s Gaming Firm Lays Off Entire Staff

Christian Petersen/Getty Images(PROVIDENCE, R.I.) -- Former Major League pitcher Curt Schilling's venture into the video game world may be short lived. Schilling's 38 studios, which had it's first release earlier in the year, has been forced to lay off their entire staff.

Even though the company received a $75 million loan guarantee from Rhode Island, the company failed to stay afloat. Once that loan was approved, 38 studios agreed to move from Massachusetts to Rhode Island. The company recently was more than two-weeks late on a $1.1 million payment to the state's Economic Development Corporation. According to officials, the company couldn't agree to make their payroll.

38 studios employed about 300 people, layed off every single one of them on Thursday. In February, the company released it's first game "Kingdoms of Amalur: Reckoning." Despite mostly positive reviews, the game didn't sell as well as anticipated.

Schilling last played in the Majors in 2007 for the Boston Red Sox.

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