Midway Fires 25% of Staff, Cancels Games Under New Cost-cutting Initiative
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...
READ MORE >Midway Facing January Bankruptcy, $240M Debt
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...
READ MORE >"... that would be assuming that they've made anything in the last 15 years that was worth ..."
see all 15 commentsMidway Stock Now Worth Considerably Fewer Pennies
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...
READ MORE >"Interplay was a shrunkenheaded zombie at that point. It's not like Midway is some shadow of its ..."
see all 23 commentsMidway Sold for $100,000
Media magnate Sumner Redstone has sold his majority stake in Mortal Kombat publisher Midway for a paltry $100,000, according to the Wall Street...
READ MORE >"it wasnt usually the developers' fault, it was the midway management guys that were at fault"
see all 57 commentsMidway's Problems Not Unreal Engine's Fault
Following news this week that Midway's decision to use the Unreal Engine was implicated in the publisher's rapid decline, Ben Fritz of Variety...
READ MORE >"nah, its always the engines fault... regardless of the engine"
see all 3 commentsUnreal Engine 3 Fingered in Midway's Struggles
A number of ex-Midway employees, when asked about the publisher's downward spiral, had a variety of answers, but almost all of them mentioned...
READ MORE >"Yes, it is Midway's failure. They should have evaluated Epic's engine properly and come out of ..."
see all 36 commentsMidway Lays Off 'Small Number' of Chicago Employees
The persistently-troubled publisher Midway has relieved its Chicago studio of a "small number" of employees following the completion of "two major...
READ MORE >Midway Q3 Losses Double, Executive Departures Continue
Game publisher Midway is facing yet another setback: a reported loss of $75.9 million for the July-September quarter of 2008, a massive drop from...
READ MORE >""Industry analyst Michael Pachter found that despite Midway's problems, the company may well ..."
see all 8 commentsEA Puts NBA Street on Hiatus, Rumors Suggest Midway's NBA Ballers Is Dead
Electronic Arts has confirmed that its urban basketball series NBA Street is now on hold, with rumors suggesting that Midway's NBA Ballers...
READ MORE >"What's ironic is that NBA Jam is precisely the type of game that would appeal both to the Wii's ..."
see all 14 commentsThe Suffering Released as Free Download
Now available for download at FileShack is a free PC edition of The Suffering, Surreal Software's 2004 prison-themed survival-horror action game....
READ MORE >"Ok does anyone know how to open this file, i tried burning it to dvd and its just says its a ..."
see all 31 commentsMidway Lays Off Nearly 70% of Austin Branch Staff, Cancels Unannounced Project
Publisher Midway has laid off 90 of its Austin studio's 130 employees and cancelled an unannounced project in development, the developer announced...
READ MORE >"Are you kidding? You clearly don't know the history of Austin and gaming. One of the Midway ..."
see all 23 commentsMidway Loses Key Executives After $34.8M Q2 Loss
Struggling publisher Midway announced that it incurred a weighty $34.8 million net loss in its fiscal year 2008 second quarter, which ended on June...
READ MORE >"by looking at them videos, it seems to be deadly alliance allover again with superman skins ..."
see all 13 commentsMidway Loses $34M in Q1, Sales Driven By PS3
Ever-struggling publisher Midway today posted a whopping net loss of $34 million across the first quarter of its 2008 fiscal year, which ended on...
READ MORE >"Maybe it's just a british thing, but the term 'crapping cash' would here be more likely to ..."
see all 26 commentsMortal Kombat vs. DC Universe Revealed in Trailer
The Mortal Kombat franchise will be returning later this year in the form of Mortal Kombat vs. DC Universe (PS3, X360), publisher Midway announced...
READ MORE >"The mortal Kombat series lost its edge after the 3rd game if i remember correctly.... this ..."
see all 41 commentsMidway Announces Corporate Promotions
Publisher Midway Games today announced two executive promotions within its corporate structure, naming Miguel Iribarren as senior VP of publishing...
READ MORE >
"Aww man, way to rain all over our parade! I would kill and/or die for an NBA Jam TE release ..."
- getlefty see all 28 comments