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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 […]

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  • 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 […]

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  • 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 […]

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  • 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.

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  • 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 […]

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  • 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.

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  • 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. […]

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  • 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 […]

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  • 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 […]

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  • 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 […]

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  • 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 […]

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  • 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 […]

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  • 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 […]

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  • 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 […]

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