Sections

Midway headlines • Page 2

  • Warner's purchase of Midway OK'd by Judge [Update]

    Midway’s sale to Warner Bros. got the OK from the courts yesterday, so once the $33 million check is cut, Warner will own most of Midway’s assets. The settlement between unsecured creditors and majority shareholder Mark Thomas are a done deal, and intellectual-property disputes with Threshold Entertainment Tigon Studios have been resolved. Thomas gets a […]

    5
  • Warner likely new Midway owner after being sole bidder

    Warner Bros. became the lone bidder for Midway this past Wednesday, reports the LA Times. “No other bids came in, so there’s not going to be an auction,” said Geoff Mogiln, a spokesman for Midway. Mortal Kombat, Spy Hunter, Joust, Wheelman and other Midway properties are part of the deal with Warner, along with two […]

    3
  • Mortal Kombat film producer files to block Midway sale to Warner

    Threshold Entertainment’s Lawrence Kasanoff has filed a motion to block the sale of Midway to Warner Bros. in order to “preserve his IP rights” to certain Mortal Kombat characters and the right to create film and television projects based on the franchise. Kasanoff, the producer for the Mortal Kombat films, claims he made the series […]

    5
  • New Necessary Force concept art released

    Midway Newcastle’s put up a ton of concept art for promising action title Necessary Force, as you can see here. Chances of the studio surviving long enough for this to ever be a reality? Remote. Still, we can but dream. Take a look. Thanks, Joystiq.

    1
  • Mortal Kombat creator Ed Boon confirms MK9 is "mature"

    Mortal Kombat creator Ed Boon has confirmed via Twitter that the next iteration of Mortal Komat will be a bloody one. Here’s the series of tweets: Motion capturing special moves & fatalities today….they are kind of sick doin some kool fatalities. I hope we aren’t taking these too far @McCarron U r absolutely right. People […]

    5
  • Necessary Force - first trailer

    Midway Newcastle’s Necessary Force has a trailer. And here it is. The game was revealed last night, as was the fact that the studio is facing a very uncertain future. Which is a shame. Because this looks pretty good. Hit it and see.

    2
  • Midway Newcastle's open-world game is Necessary Force

    Midway Newcastle may be on the verge of closing it’s doors, but that has not stopped the team from working on its open-world detective drama, Necessary Force. Studio head Craig Duncan had a chat with Develop regarding the title, which after three months of work is playable, and says the team is not giving up just yet. […]

    5
  • Midway Newcastle and San Diego may have to close in two weeks

    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 […]

    4
  • Midway puts the rest of its pieces up on the auction block

    After announcing last week that Warner Bros had made a “stalking horse” agreement of $33 million for the company, Midway released a statement today saying the rest of the company is up for bid. “Midway recently announced a stalking horse asset purchase agreement, which is expected to receive court approval, subject to higher or better […]

    0
  • Warner Bros makes $33 million bid for Midway

    Midway has announced that a $33 million offer from Warner Bros. to purchase a majority of the company is under consideration by the courts. Under the “stalking horse” agreement, Warner Bros. would acquire all of the Midway’s US assets including its Mortal Kombat franchise and its development studios in Chicago and Seattle for a purchase […]

    8
  • Midway Creditors sue Redstones, Mark Thomas over leaving Midway "insolvent"

    Creditors are suing several parties involved in the recent bankruptcy and original sale of Midway, including Mark Thomas, and Sumner Redstone along with his daughter Shari and his holding company, National Amusements. The lawsuit stems from what the creditors called a “breach of fiduciary duty, corporate waste and unjust enrichment” pertaining to the financial crisis […]

    1
  • Wheelman gets DLC right now

    The 360 version of Wheelman was granted some DLC today, some free, some not so much. The Free Street Showdown pack costs nothing, and includes one side mission. The Premium Street Showdown Pack costs 400 MS Points, and offers five new street showdown side missions. PS3 owners get the same stuff on May 7. There […]

    0
  • Warner Bros readying potential bid for Midway

    MCV sources have claimed today that Warner Bros is ready to pounce on Midway. “Warner is pretty confident that they will get Midway – which will be an immediate boost to their portfolio,” said one telltattle. “The deal isn’t done yet. Midway is still open to offers from other potential buyers – but Warner looks […]

    0
  • Midway offers employee incentives if firm is sold for $30 million

    Midway is awaiting court approval to hand out monetary incentives from a pool containing up to $600,000 providing it can sell the company for $30 million, reports Gamasutra. Two goals for the company include the $600,000 reward pool, the other to pay key personnel $1 million once the sale closes. Midway determined these bonuses by […]

    2

Page 2

Midway Latest

  • Warner’s purchase of Midway OK’d by Judge [Update]

    Midway’s sale to Warner Bros. got the OK from the courts yesterday, so once the $33 million check is cut, Warner will own most of Midway’s assets. The settlement between unsecured creditors and majority shareholder Mark Thomas are a done deal, and intellectual-property disputes with Threshold Entertainment Tigon Studios have been resolved. Thomas gets a […]

  • Warner likely new Midway owner after being sole bidder

    Warner Bros. became the lone bidder for Midway this past Wednesday, reports the LA Times. “No other bids came in, so there’s not going to be an auction,” said Geoff Mogiln, a spokesman for Midway. Mortal Kombat, Spy Hunter, Joust, Wheelman and other Midway properties are part of the deal with Warner, along with two […]

  • Mortal Kombat film producer files to block Midway sale to Warner

    Threshold Entertainment’s Lawrence Kasanoff has filed a motion to block the sale of Midway to Warner Bros. in order to “preserve his IP rights” to certain Mortal Kombat characters and the right to create film and television projects based on the franchise. Kasanoff, the producer for the Mortal Kombat films, claims he made the series […]

  • New Necessary Force concept art released

    Midway Newcastle’s put up a ton of concept art for promising action title Necessary Force, as you can see here. Chances of the studio surviving long enough for this to ever be a reality? Remote. Still, we can but dream. Take a look. Thanks, Joystiq.

  • Mortal Kombat creator Ed Boon confirms MK9 is “mature”

    Mortal Kombat creator Ed Boon has confirmed via Twitter that the next iteration of Mortal Komat will be a bloody one. Here’s the series of tweets: Motion capturing special moves & fatalities today….they are kind of sick doin some kool fatalities. I hope we aren’t taking these too far @McCarron U r absolutely right. People […]

  • Necessary Force – first trailer

    Midway Newcastle’s Necessary Force has a trailer. And here it is. The game was revealed last night, as was the fact that the studio is facing a very uncertain future. Which is a shame. Because this looks pretty good. Hit it and see.

  • Midway Newcastle’s open-world game is Necessary Force

    Midway Newcastle may be on the verge of closing it’s doors, but that has not stopped the team from working on its open-world detective drama, Necessary Force. Studio head Craig Duncan had a chat with Develop regarding the title, which after three months of work is playable, and says the team is not giving up just yet. […]

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

    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 […]

  • Midway puts the rest of its pieces up on the auction block

    After announcing last week that Warner Bros had made a “stalking horse” agreement of $33 million for the company, Midway released a statement today saying the rest of the company is up for bid. “Midway recently announced a stalking horse asset purchase agreement, which is expected to receive court approval, subject to higher or better […]

  • Warner Bros makes $33 million bid for Midway

    Midway has announced that a $33 million offer from Warner Bros. to purchase a majority of the company is under consideration by the courts. Under the “stalking horse” agreement, Warner Bros. would acquire all of the Midway’s US assets including its Mortal Kombat franchise and its development studios in Chicago and Seattle for a purchase […]

  • Midway Creditors sue Redstones, Mark Thomas over leaving Midway “insolvent”

    Creditors are suing several parties involved in the recent bankruptcy and original sale of Midway, including Mark Thomas, and Sumner Redstone along with his daughter Shari and his holding company, National Amusements. The lawsuit stems from what the creditors called a “breach of fiduciary duty, corporate waste and unjust enrichment” pertaining to the financial crisis […]

  • Wheelman gets DLC right now

    The 360 version of Wheelman was granted some DLC today, some free, some not so much. The Free Street Showdown pack costs nothing, and includes one side mission. The Premium Street Showdown Pack costs 400 MS Points, and offers five new street showdown side missions. PS3 owners get the same stuff on May 7. There […]

  • Warner Bros readying potential bid for Midway

    MCV sources have claimed today that Warner Bros is ready to pounce on Midway. “Warner is pretty confident that they will get Midway – which will be an immediate boost to their portfolio,” said one telltattle. “The deal isn’t done yet. Midway is still open to offers from other potential buyers – but Warner looks […]

  • Midway offers employee incentives if firm is sold for $30 million

    Midway is awaiting court approval to hand out monetary incentives from a pool containing up to $600,000 providing it can sell the company for $30 million, reports Gamasutra. Two goals for the company include the $600,000 reward pool, the other to pay key personnel $1 million once the sale closes. Midway determined these bonuses by […]

  • Court report shows Midway will be broke by June

    Mark Thomas, the owner of Midway, filed a document with the to US Bankruptcy Court last week that reveals the company will run out of cash by June. GamePolitics got hold of the 44-page document, and this is what was discerned: Midway will run out of cash in late June Midway has no games set […]

  • Rumor: Three companies eying Midway for acquisition

    According to a Kotaku tipster, a private Chicago investor, Ubisoft and Warner Brothers are all eying troubled publisher Midway for a possible buyout. While Midway has refused to comment on these rumors, supposedly it has been in talks with Ubisoft for weeks now. Warner Bros. stopped by for a visit last week, apparently. Kotaku claims […]

  • Mortal Kombat development team wants to leave Midway

    The Mortal Kombat team is looking to leave Midway, according to this Kotaku report. With over 50 staff members, the development team allegedly wants to depart due to unpaid bonuses related to Mortal Kombat vs DC Universe sales. Sources said the team has become “frustrated” with Midway’s bankruptcy filing and some of its projects being […]

  • Wheelman goes gold, confirmed for March 27

    Wheelman’s gold, Ubi an Midway said this morning, and will release on March 27. Watch us playing the driving action thing here. We were great. Press release after the break.

  • Game CEOs make loads more than you do

    Ever wonder what game industry CEOs make in a year?  It’s loads more than any of us, we guarantee. According to The Game Trade Journal, between bonuses, stock options and incentives, the following CEOs are paid the most according to proxy statements filed with the SEC. Activision – Bobby Kotick: $14.9 Million; Base pay is […]

  • Sumner and Shari Redstone subpoenaed over Midway sale

    Sumner Redstone and his daughter Shari have been subpoenaed by the US Bankruptcy Court of Massachusetts over the sale of Midway shares to Mark Thomas. Thomas purchased the Redstones’ share in Midway for $100,000, inheriting a $70 million debt with it. His reasoning for accepting those terms was due to $30 million of the debt […]

  • Steam offering a free trial weekend for UT3 Black

    Steam users can play Epic’s Unreal Tournament III Black this weekend for free. If you don’t have an account, get one here. Black is the original game plus the Titan Pack, and on top of being free for a few days, the multiplayer shooter is on sale for $11.99 — 40 percent off — through […]

  • UT3 Titan pack released for PC

    Epic just released the Titan Pack for the PC version of Unreal Tournament 3. The PS3 version was delayed by two weeks this morning. The DLC contains a proper bunch of new contain, such as, according to BeyondUnreal: 16 new maps + 3 bonus pack 1 maps Titan mutator Greed and Betrayal gametypes Stinger Turret, […]

  • PS3 UT3 Titan Pack delayed two weeks

    The PS3 version of Unreal Tournament’s Titan Pack has been delayed, Epic’s confirmed. The console version will now release on March 19. “Unfortunately, due to circumstances out of our control, the certification process for the PS3 patch and DLC has taken much longer than we expected,” said Epic’s Steven Polge in this forum post. “As […]

  • Midway: “There’s definitely interest in Mortal Kombat”

    Midway spokesperson Geoff Mogilner has told MTV that Mortal Kombat is a franchise other publishers will always be interested in acquiring. The fighting franchise – reported as being up for sale yesterday – has pulled in $1.5 billion over the years. When asked about the offloading of the IP due to Midway’s recent Chapter 11 […]

  • New owner: Midway “hemorrhaging cash at an alarming rate”

    This just gets rosier. According to a filing made by new Midway owner Mark Thomas, Midway’s going to very quick cash from Acquisitions Holding Subsidiary, his shell company, and he wants his investment collateral protected. “It is beyond dispute that [Midway has] an immediate need to access and use AHS’s Cash Collateral,” said the filing. […]

  • Midway: We’re not “going out of our way” to sell Mortal Kombat

    You may think that offering huge cash bonuses to execs to offload franchises in the face of bankruptcy was trying quite hard to get rid of the IP involved. Not so, said Midway today. “We’re not going out of our way to sell Mortal Kombat,” Geoff Mogilner, Midway’s head of investor relations, told Edge. Midway […]

  • Midway selling off Mortal Kombat rights

    Midway is seeking an “execution of an asset purchase agreement for the sale of Midway’s Mortal Kombat franchise assets,” according to court documents posted on NetDockets. $3,755,000 in bonuses has been set aside by the struggling firm for those that manage to offload rights, one of which was for Wheelman, recently picked up by Ubisoft. […]

  • Ubi to publish other Midway games? Doesn’t sound like it

    Both Ubisoft and Midway have told VG247 today that overnight talk of Ubi scooping up more Midway licenses is far-fetched. Ubisoft confirmed last week that it’s to publish Midway’s Wheelman in America, Australia, New Zealand, France, Germany, Austria, Ireland and the UK. “Our agreement with Midway is simply to publish Wheelman,” said a Ubi rep […]

  • Epic explains why UT3 Titan Pack won’t make 360

    Want to know why the Unreal Tournament 3 Titan Pack won’t be released on 360? Simple, really: there’s loads of reasons. This from an Epic email sent to fans, as published by Destructoid: The file size limitations prevent us from releasing it, not to mention we have things like split-screen support (which 360 already has), […]

  • Wheelman is a “great IP” for spring’s “open launch window,” says Ubi

    Wheelman is “great,” Ubisoft has told VG247 this morning, the new addition to the publisher’s portfolio giving access to a relatively release-free period this spring. The Vin Diesel tie-in was confirmed as a Ubisoft title yesterday, wrested as it was from Midway’s dying grip. “Ubisoft gets the benefit of a great IP during an open […]