Midway Newcastle and San Diego may have to close in two weeks

Tuesday, 16 June 2009 21:01 GMT By Stephany Nunneley

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Midway’s Newcastle and San Diego studios may have to close up shop in two weeks if a buyer or investor is not found for the open-world game currently in the works.

“100 percent of my efforts and focus are on finding a solution to keep the studio going forward, making it viable and securing jobs in the team,” Newcastle boss Craig Duncan told the Guardian. “It may sound like a football cliché but this studio is too good a team to have to shut down – it would be a travesty.

“I met with a number of interested parties [during E3]. When we presented the new game everyone loved it and was really impressed with our proposition. What counts against us is the timeframe and the fact the market is tough currently for both investors and games companies.

“If I had £100k for every time someone said, ‘a year ago we would have bought you’, I could buy the studio personally.”

The two studios were not included in the bid $33 million bid Warner Bros made for Midway back in May.

Via CVG.

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