"I'm excited about this partnership with Sony Online, " Schilling said in a statement.

FORBES: Red Sox Pitcher Curt Schilling Inks Sony Online Deal

So far there is very little being said by Schilling or anyone else at 38 Studios.

FORBES: 'Kingdoms Of Amalur' Developer 38 Studios Faces Financial Reckoning As First MMO Trailer Is Released

The debacle involving Schilling's company demonstrates why public entities should never be involved in picking winners and losers, several experts said.

ENGADGET: Fallen kingdom: 38 Studios' collapse and the pitfalls of using public money to support tech companies