Tag Archives: midway

Media mogul Sumner Redstone has sold his 87 per cent controlling stake in Midway Games to a private investor for $100,000. According to the Wall Street Journal, Redstone sold the stake to ‘ease his load’. His network of businesses had begun to cause him fiscal trouble – as reported on …

Midway is in danger of being delisted from the New York Stock Exchange after failing to meet the standard share price for continued listing. The firm has admitted its failure over maintaining a minimum average closing price of $1 per share over 30 consecutive trading days. Company stock was 25 …

With Soul Calibur IV and Smash Bros. both topping the charts this year, Midway is confident Mortal Kombat vs. DC Universe can make it a hat trick of comebacks for the beat ‘em up genre. The latest Mortal Kombat hits retail today (November 21st), and brand manager Mark Cook says …

Midway has confirmed that The Wheelman will arrive on PS3 and Xbox 360 on February 20th. Developed between Midway Newcastle and Vin Diesel’s Tigon Studios, The Wheelman will be backed by a ‘multi-million dollar’ marketing campaign, and the publisher hopes to turn the title into a full-blown movie. And a …

Midway has let a number of staff go from its Chicago studio as development on upcoming titles has wound down. The news, first reported by Kotaku, comes on the heels of the resignation of chairwoman Shari Redstone and Midway’s latest financials confirming operating losses for the publisher. For the full …

Midway has announced widened losses for the three months ending September 30th – down to $75.9 million from $33.5 million a year before. However, revenues were up to $51.4 million from $36.7 million in Q3 2007. The company predicted that its fourth quarter would produce kinder results, largely thanks to …

Reports are suggesting that the cuts previously hinted at in the forthcoming Midway title Mortal Kombat vs DC Universe may be for the North American market only. Speaking to Videogamer about the now infamous Joker fatality, which sees the Gotham City villain pretend to shoot foes with a pretend pistol …

Matthew Booty has been appointed by the Board of Directors at Midway as permanent President and CEO of the company. Booty has served as interim president and CEO of Midway Games since March this year. Booty joined Midway in 1991 as an engineer and programmer, in the year Midway launched …

Media mogul Sumner Redstone may decide to sell one of his businesses – incuding MTV parent Viacom and TV network CBS – following a ‘battle with his bankers’. According to The Times, Redstone last week hired Citigroup and NM Rothschild to advise on restructuring $1.6 billion (950 million) of borrowings, …

Mortal Kombat vs. DC Universe will be release in North America on November 16th and Europe on November 21st, Midway has announced. The title will feature iconic characters from the DC Universe, like Batman, Superman, Wonder Woman and The Joker, battling against MK icons Scorpion, Sub-Zero, Liu Kang, Sonya and …