Midway Looking to Sell Mortal Kombat Franchise, Proposes Bonuses and Cuts Ex-employee Payments

24
In its continued struggle against bankruptcy, Midway has proposed an incentive plan that would see some remaining employees receive bonuses for meeting certain goals, though the company is unable to reimburse ex-employees for unused paid time off.

Three specific milestones are outlined in the plan. The first, to find a co-publisher for Wheelman, was accomplished a few days before the plan was filed on February 23. That accomplishment was worth a $497,500 bonus, reports netDockets.

The other two milestones, as-yet-unaccomplished, are to sell the Mortal Kombat property to another company or submit a new reorganization plan. Either is worth $1,292,500. Closing either deal with then bring about another $1,965,000.

The Mortal Kombat fighting series is easily the most well-known asset in Midway's portfolio. The franchise initially premiered in 1992. The latest version, Mortal Kombat vs. DC Universe, arrived last year, with a new Mortal Kombat already in development.

In all, the considered bonuses add up to $3,755,000, which would be split among the staff that helped seal the deal. A specific group of up to 29 employees are eligible.

Despite the proposed bonuses, the company claims it is currently unable to reimburse former employees for unused paid time off due to its recent bankruptcy filing, though promises were made regarding such payments three days before the filing.

Two letters obtained by Kotaku provide further information, which sees Midway explain that the situation regarding reimbursement for those days will only be resolved "only to the extent that [the bankruptcy] resolution provides for payment."

Chris Faylor was previously a games journalist creating content at Shacknews.

From The Chatty
Hello, Meet Lola