PS3 News: Midway Plans To Regroup, Refocus In 2008 - PS3 News

Members Login: Register | Why sign up? | Forgot Password?

Midway Plans To Regroup, Refocus In 2008

Midway hasn't made a smooth transition to the new generation - delayed releases and less-than-impressive titles hurt them in 2007 - and the publisher actually hasn't turned a profit since 1999. But perhaps Hollywood might be able to lend a helping hand.

According to the Chicago Tribune, Viacom Chairman Sumner Redstone, who owns close to a 90% stake in Midway, has said the company should be able to recover. His daughter, Shari Redstone, now has a "higher-profile" position at the helm of the board of directors and it seems the two are putting a family feud behind them and focusing on the future. More importantly, they hope to create a better future for Midway and gamers.

"In 2008, we plan to release an impressive slate of games and I will work closely with management ... to continue pursuing exciting growth opportunities for Midway," said Shari Redstone in a statement released last week. In that same statement, her father said he fully backed his daughter and was "totally confident of Midway's success. I believe that this will become apparent as future events evolve."

Midway also plans to adopt the philosophy of fewer but "better" titles in 2008, and they also wish to pursue more movie-related video games. They may not be that great, but they have a great chance of turning a profit. So it seems Midway is going to shake things up in an effort to save their company, and if it works, we gamers will benefit.

12/26/2007 Ben Dutka

Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous

New Comment System

Legacy Comment System (0 posts)

There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Our Poll

How often do you visit the site?
Once a day
Several times a day
Every few days
Once a week
This is my first visit
I've never been here, even now I am not here

Previous Poll Results