38 Studios, the video game startup founded and funded by former Boston Red Sox ace Curt Schilling, is reportedly in troubled waters just three months after releasing Kingdoms of Amalur, its first title.

Ocean State economic development officials are reportedly working to keep the company viable. At stake is a $75 million loan guarantee the state of Rhode Island made to the fledgling video game developer.

The Providence Journal reports Gov. Lincoln D. Chafee spent the weekend working under a "tight timeframe" with 38 Studios and officials from the Rhode Island Economic Development Corp., with the aim of "keeping 38 studios solvent."