Ah, yes. It's been too long since our last compilation of classic games, hasn't it? Thankfully, Warner Bros has announced Midway Arcade Origins, a compilation of classic arcade games from Midway. Coming soon for $30, Midway Arcade Origins will pack "more than 30" games, including Gauntlet, Rampage, Joust, Spy Hunter, Defender, and Marble Madness.

The games will support local multiplayer and online leaderboards. And yes, there are achievements and trophies. However, the most noteworthy thing about this announcement is this snazzy trailer, filled with all sorts of shiny 3D graphics. What better way to celebrate retro gaming?

Watch: Midway's terrifying Origins revealed »

In the wake of the surprisingly good new Mortal Kombat, publisher Warner Bros. announced today that the original three Mortal Kombat games are getting a downloadable re-release in "late summer" on PC, Xbox 360 and PlayStation 3.

The Mortal Kombat Arcade Kollection will offer "arcade-perfect" ports of Mortal Kombat, Mortal Kombat 2, and Ultimate Mortal Kombat 3--a revamped version of the third game--for $10 (800 Microsoft Points). They're being tarted up with online play, leaderboards, achievements and trophies. Read more »

When Midway went bankrupt, the team at Midway Chicago were forced to halt production on a super-powered title known as "Hero." Since then, a number of ex-developers from the windy city formed Phosphor Games, and began working on a new game that shares the original Hero vision: entitled Awakened. In a lengthy interview with Gamasutra, Phosphor head Chip Sineni has gone into detail regarding his new team's creation.

The last-minute revelation of Necessary Force wasn't enough to save developer Midway Newcastle, as the studio failed to find a buyer and has now been officially closed.

Newcastle, responsible for last year's action-driving title Wheelman, was not among the assets Warner Bros. recently picked up from bankrupt parent company Midway. Warner now owns "substantially all of [Midway's] U.S. assets," including the Mortal Kombat, This Is Vegas and Wheelman properties plus studios in Seattle and Chicago. Read more »

With bankrupt publisher Midway seeking to offload a majority of its assets, such as the Mortal Kombat franchise, subsidiary Midway Newcastle has revealed its latest project in hopes of enticing a prospective buyer for the England-based studio and staff.

Dubbed "Necessary Force," the studio's current project in an original property that sees players take control of a do-whatever-it-takes detective in a corrupt open-world. Read more »

Media conglomerate Time Warner has made a $33 million offer, via its Warner Bros. Entertainment subsidiary, to purchase assets from bankrupt publisher Midway.

The internal Midway team responsible for development on the Mortal Kombat series is looking to leave the company, according to a Kotaku report citing anonymous sources.

The report says the team, which most recently developed Mortal Kombat vs. DC Universe, is currently in talks with various publishers in an effort to relocate. Read more »

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. Read more »

As Midway's spiral into bankruptcy continues, Ubisoft has announced that it will be handling the sales, marketing and distribution of Wheelman in most major markets.

In development at Midway's Newcastle studio, the driving-action game starring "action-film megastar" Vin Diesel will hit PC, PlayStation 3 and Xbox 360 on March 24. Previously, Midway was set to handle all publishing duties for the title. Read more »

Struggling Mortal Kombat publisher Midway has filed for Chapter 11 bankruptcy protection in the United States, citing an inability to repay its $150 million debt potentially due next week. The filing does not affect its non-U.S. operations, which will continue "as normal."

The company plans to reorganize but "conduct its business operations as usual," with CEO Matt Booty noting that "Midway enters this process with strong underlying fundamentals, as evidenced by solid fourth quarter sales that exceeded expectations in spite of a challenging retail and general economic environment." Read more »

Hidden away within a press release regarding shipment figures for Mortal Kombat vs. DC Universe was the first official word that Midway is planning another series entry.

"We're already hard at work on our next version of Mortal Kombat, and look forward to being able to reveal more details in the future," said franchise co-creator Ed Boon.

While the publisher did not disclose how many copies of Mortal Kombat vs. DC Universe have actually been sold, it did note that "approximately 1.8 million units" of the PlayStation 3 and Xbox 360 fighter have been shipped since its November 16 release. Read more »

Struggling publisher Midway may now have another month before it faces bankruptcy, as some of its investors have agreed to postpone a payback deadline until February 19.

After majority shareholder Sumner Redstone sold 87% of the Mortal Kombat publisher for $100K, investors were able to demand repayment due to the change in control.

All together, Midway faces $240 million in debt, though it is primarily concerned with $150 million of that, which is owned in $75 million increments to two groups of holders. As of December, the company did not believe it could immediately pay the $150 million. Midway originally had until 2025 to repay one group, and 2026 for the other. Read more »

Facing $240 million of debt, struggling publisher Midway has announced a cost-cutting plan that will see the company axe 25% of its workforce and cancel several games.

Under the plan, Midway will close its Austin-based development branch, which was most recently responsible for BlackSite: Area 51. After the shooter released, creative director Harvey Smith described the game's development as "so fucked up." Read more »

When Midway majority shareholder Sumner Redstone sold off his 87% stake in the company for a paltry $100K, the move did more than send stock prices plummeting. Due to the change in control, Midway's creditors can demand immediate payment.

Midway currently faces $240 million in debt, it admitted in an SEC Filing, with $90 million owed to Redstone's theater business National Amusements. Midway has 20 days to notify investors of the control change, and creditors have 30 days to demand payment. Read more »

Publisher Midway's stock has plummeted almost 40% since Sumner Redstone's sale of the company for an embarrassing $100,000, settling at an all-time low of 23 cents per share.

Friendly investor Mark Thomas purchased Redstone's majority shares of Midway on Monday. Though the publisher is still valued at $21 million, it also carries some $70 million in debt--a fatal figure that could actually be as high as $150 million, according to Variety. Read more »