Midway has received approval from the US Bankruptcy Court to use its cash collateral so it can continue to operate as usual. Midway asked the bankruptcy court for protection from its creditors last week, although the publisher’s non-US operations remain unaffected. The approval allows the firm to honour obligations such …
Read More »Midway Inc. files for protection from creditors
Midway Games Inc. – the US arm of the global publisher – has asked the US Bankruptcy Court to protect it from creditors. The firm’s European and non-US operation remains unaffected by the decision. Midway In has filed for reorganisation under Chapter 11 with the Bankruptcy Court. In its filing, …
Read More »Booty named Midway Chairman
Midway has announced the promotion of CEO and President Matt Booty to Chairman of the Board – as former boss Peter C Brown steps down. Booty will also retain his CEO and President titles. Booty has been president and CEO of the company since October 2008 but he served as …
Read More »New Mortal Kombat confirmed
Midway has confirmed the next instalment in the Mortal Kombat series is already under development, after shipping 1.8 million copies of last year’s Motal Kombat Vs. DC Universe. Last year’s title was available on PS3 and Xbox 360, and featured popular characters from DC Universe, including Batman and Superman. It …
Read More »New venture firm targets game developers
Archangel Ventures to fund titles, as opposed to companies.
Read More »Midway makes move to cut costs
Midway has unveiled a new cost reduction plan which will see it reduce its headcount by 25 per cent – which amounts to some 180 developers. The publisher will close its Austin, Texas studio and also see lay offs at its San Diego office. Click here to see the full …
Read More »Axe falls on Midway development teams
25 per cent of US studio staff gone; Austin team shuttered; but 'cost-reduction' method leaves firm strong says CEO
Read More »Midway: "GTA IV moved the bar"
The developer behind Midway’s The Wheelman has revealed it had to rework crucial aspects of the gameplay after GTA IV changed gamers’ expectation for open-world action titles. Speaking to VideoGamer.com, the game’s creative director Simon Woodroffe said: Our game was already quite different, but GTA IV moved the bar in …
Read More »Midway says “GTA IV moved the bar”
Wheelman development hindered by GTA IV's success as studio forced to change key elements
Read More »Double Fusion nets PS3 deals
In-game ad firm strikes partnerships with THQ, Sega, Eidos and Midway
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