Midway's Money Almost Gone
See Full ImageWell, no wonder the Mortal Kombat designers want to jump ship. The situation at Midway has apparently gone from bad to worse.
GamePolitics reports that Midway owner Mark Thomas filed "a heavily-redacted statement" with the U.S. Bankruptcy Courts, and the standout points of that document aren't encouraging. Midway has nothing in the hopper that might drag in some valuable income, they "overstated the value" of the MK franchise (which we kinda figured they did), and last year, CitiGroup couldn't find anyone interested in purchasing the struggling publisher. Perhaps worst of all is the main point we take from this: Midway will be out of cash by the end of June. We don't have any further details at this time, but right now, Midway doesn't appear to be a good investment for any would-be buyer and they really don't have anything in the future that might save them. We're not sure how this is going to end - bankruptcies aren't always the end of the world for big companies - but things aren't looking good right now. We just can't imagine a video game world without Midway, but hey, times have changed. If you want to remain alive and functioning, you had best produce a few special gems every now and then.
We'll let you know what happens; maybe they can emerge from this mess with a new start. But it's more likely that the Midway as we always knew it won't last much longer...
4/10/2009 Ben Dutka
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Comments (38 posts)
Qwarktast1c
Friday, April 10, 2009 @ 2:45:16 PM
bull
if MK went to a company like namco or capcom, they would seriously take away from what MK is
it would just become "japanified" or something
dont get me wrong.... i love street fighter and tekken is good
but it would make the MK franchise weird and awkward if it became more like its japanese fighting game counterparts
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Scarecrow
Friday, April 10, 2009 @ 4:20:52 PM
Tekken = garbage
Soul Calibur = good
So no, they'd be in good hands
PS: The original devs will still be part of the game I'm assuming.
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Qwarktast1c
Friday, April 10, 2009 @ 6:05:52 PM
if you think that SF is the best fighting franchise ever, then wouldn't it be better for the MK franchise if it were to end up being sold off to capcom?????
i'm not arguing that SF isn't a good game, because it is a great game
but SF should stay SF, and MK should stay MK
because i bet that if MK went somewhere else it would be tweaked in a way that would make it more "SF ish"....
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Naga
Friday, April 10, 2009 @ 6:13:33 PM
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Scarecrow
Friday, April 10, 2009 @ 6:21:47 PM
But Namco would be better since I don't think the MK fans would like Capcom to pwn them like that :D
By the way, at that other guy. GG is BS, way too overrated. It's a game in where you've gotta be a robot to win. Mind-twisting fighting
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LegendaryWolfeh
Friday, April 10, 2009 @ 7:53:08 PM
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NiteKrawler
Friday, April 10, 2009 @ 7:54:44 PM
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Scarecrow
Friday, April 10, 2009 @ 9:41:50 PM
No
Virtua Fighter = complexity done right
Guilty Gear = complexity done wrong
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crapreviews
Friday, April 10, 2009 @ 12:55:40 PM
Reply
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SarahPalinMILF
Friday, April 10, 2009 @ 7:23:05 PM
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jaybiv
Friday, April 10, 2009 @ 1:50:53 PM
Reply
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Ultimadream
Friday, April 10, 2009 @ 1:53:43 PM
Reply
Im trying to get my PS3 to work, bloody thing, i think the Blu-ray Drvies dead, FIGHT NIGHT ROUND 3 works but other gaems and Blu-ray films dont, this is a real pain in the arse. If i cant get this sorted with Sony i doubt ill continue gaming.
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Qwarktast1c
Friday, April 10, 2009 @ 2:51:28 PM
MKvsDC was great, it just needed more violence to make it more "MK"... maybe if there were no DC characters.....
but i also think that deception was by far the best of the ps2 MKs, because it had the best fighting system and it had a longer story!!
EPIC!
oh and that sucks about your ps3
i actually had the same problem with my first one
except it didn't read squat!
i had to send it to sony (cause it was still under warranty) and a couple weeks later i got a factory reconditioned ps3 that still works to this day
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migabyte
Friday, April 10, 2009 @ 11:00:35 PM
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Highlander
Friday, April 10, 2009 @ 1:56:59 PM
Reply
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Tim Speed24
Friday, April 10, 2009 @ 2:01:44 PM
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They truly did not evolve with the times. Goodbye Midway.
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Highlander
Friday, April 10, 2009 @ 2:13:28 PM
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Tim Speed24
Friday, April 10, 2009 @ 2:39:39 PM
Did anybody try the PS2 demo of the Wheelman? Pure crap. And yes I said PS2 because the Wheelman is no-where near the quality of a PS3 game.
Heck, Midway even knows this is going to be a crap game. It came out, for sale, day one at a $39.99 price tag.
Like someone said above make GOOD games and you will survive as a company.
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Dealnightfire
Friday, April 10, 2009 @ 3:17:48 PM
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DaNgerSteVe
Friday, April 10, 2009 @ 2:37:21 PM
Reply
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Soultaker
Friday, April 10, 2009 @ 3:42:08 PM
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WorldEndsWithMe
Friday, April 10, 2009 @ 3:42:25 PM
Reply
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Qwarktast1c
Friday, April 10, 2009 @ 6:08:49 PM
except i don't want MK to be sold off to namco or capcom because they'd probably make some changes to MK that would not be a good idea for the series
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Luiscosmo2
Friday, April 10, 2009 @ 4:45:43 PM
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MadKatBebop
Friday, April 10, 2009 @ 7:44:25 PM
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Oyashiro
Friday, April 10, 2009 @ 4:55:08 PM
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Bugzbunny109
Friday, April 10, 2009 @ 5:48:24 PM
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shaydey77
Friday, April 10, 2009 @ 6:45:45 PM
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They have cash and no good upcoming exclusives...
Midway has the developers to make some great games just not the cash...
i know it would really suck for PS3 owners but at the same time its just gonna suck for all if they disappear completely.
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NiteKrawler
Friday, April 10, 2009 @ 7:56:26 PM
Reply
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WorldEndsWithMe
Friday, April 10, 2009 @ 9:39:09 PM
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556pineapple
Monday, April 13, 2009 @ 12:19:31 PM
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BTNwarrior
Friday, April 10, 2009 @ 11:53:02 PM
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Scarecrow
Reply
Friday, April 10, 2009 @ 12:46:48 PM
Simple as that
Personally I really don't care.
Namco should buy/take the Mortal Kombat license :3 . That's the only good thing Midway had.