Midway owes creditors $281,033,000 in liabilites

By Stephany Nunneley, Friday, 13 February 2009 19:30 GMT

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After it was announced yesterday that Midway would be filing for restructuring through Chapter 11, a top 30 list of creditors was found. It makes for shocking reading.

Looking over the figures, it shows that Midway owes $281,033,000: the firm’s $167,523,000 isn’t going to cover it by a long shot.

  • Wells Fargo Bank – $150,000,000
  • Acquisition Holdings Subsidiary – $40,000,000 unsecured loan (Thomas is the mystery man who purchased Midway late in 2008)
  • National Amusements, Inc. – $20,147,864
  • NBA Properties, Inc. – $17,294,849 (License/royalty settlement)
  • Tangible Media, Inc. – $8,675,954
  • Warner Bros. Interactive – $6,654,203
  • Artificial Mind & Movement – $2,000,000
  • Epic Games – $1,975,000 (License/Royalties)
  • Walmart – $1,576,035
  • Far Sight Technologies – $1,279,151
  • Best Buy – $1,114,036
  • Target – $934,156
  • Technicolor Video Services – $637,769
  • Toys R Us – $615,276
  • Ditan/Synergex Canada – $578,316
  • CBS Outernet – $314,600
  • David Zucker – $300,000 (severance pay)
  • Multi Packaging Solutions – $287,036
  • A.A.F.E.S Headquarters – $276,314
  • Kmart – $218,497
  • Tigon Studios – $200,000(license/royalties)
  • Hollywood Entertainment – $190,982
  • TNA Entertainment – $160,000 (license/royalties)
  • Professional Films, Inc. – $150,000
  • Synergex – Latin America – $149,027
  • Pioneer.JB Marketing – $133,353
  • Eclipse Advertising – $132,687
  • GameStop – $127,250
  • Sears & Roebuck – $125,495

More over at GamePolitics.

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