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House Oversight Committee Continues Latest 38 Studios Probe

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A legislative committee plans to continue its examination of 38 Studios Tuesday. The latest oversight hearings were sparked by the release of a trove of...

A legislative committee plans to continue its examination of 38 Studios Tuesday. The latest oversight hearings were sparked by the release of a trove of documents related to the failed video game company.

The committee is slated to continue a presentation on the timeline of events leading to the state’s investment in 38 Studios.

Documents released last month show that Rhode Island’s involvement with 38 Studios began earlier than previously thought. The revised timeline moved the start of the involvement from 2010 back to 2009.

38 Studios was lured to Rhode Island with a $75 million loan guarantee in 2010. The company went bankrupt two years later, leaving Rhode Islanders on the hook for a total of more than $100 million.

The Oversight Committee also plans to discuss the subject of future meetings. The panel does not plan to take public testimony during its discussion.

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The House Oversight Comittee meets Tuesday for another round of hearings into 38 Studios
The House Oversight Comittee meets Tuesday for another round of hearings into 38 Studios