Midway Files for Chapter 11

February 12, 2009 -

Financially-troubled Midway Games has filed for Chapter 11 bankruptcy protection.

A Midway press release announced the move, which applies only to the company's U.S. operations. Despite the bankruptcy filing, CEO Matt Booty remains optimistic:

This was a difficult but necessary decision... this filing will relieve the immediate pressure from our creditors and provide us time for an orderly exploration of our strategic alternatives...

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. Overall, Mortal Kombat vs. DC Universe sales are approaching two million units shipped, TNA iMPACT! has shipped approximately one million units, and our Game Party franchise has sold close to three million units in total.

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Comments

Re: Midway Files for Chapter 11

Submitted by TheBird on Thu, 02/12/2009 - 22:19.

i cant imagine how nobody has said this yet but...

FATALITY!

-The Bird

Re: Midway Files for Chapter 11

Submitted by DavCube on Thu, 02/12/2009 - 18:48.

I say it's about time. Though, some people from back in the day before the ESRB are doing a TINY little victory jig right about now.

Re: Midway Files for Chapter 11

Submitted by Parallax Abstraction on Thu, 02/12/2009 - 16:08.

Midway's been in a bad way for years. They haven't turned a profit in like 6 years and have released pretty much nothing but bombs for a long time now (though funny enough, MK vs. DC has apparently done like 1.5 million.) Unfortunately, they kept the lousy leadership team that led them here for far too long and now they're here. At least they're trying to reorganize. I hope they come out of this well because we need more publisher competition, not less.

Parallax Abstraction
Ottawa, Ontario, Canada
blog.digital-lifeline.ca

Parallax Abstraction
Ottawa, Ontario, Canada

Re: Midway Files for Chapter 11

Submitted by M. Carusi on Thu, 02/12/2009 - 14:48.

Urgh. Another victim of this economic climate. It's a shame.

M. Carusi

Capitol Gaming

http://capitolgaming.blogspot.com

Re: Midway Files for Chapter 11

Submitted by ZippyDSMlee on Thu, 02/12/2009 - 15:42.

They were in trouble befor then....

Gore,Violence,Sexauilty,Fear,Emotion these are but modes of transportation of story and thought, to take them from society you create a society of children and nannys, since adults are not required.

http://zippydsmlee.wordpress.com

---

http://zippydsm.deviantart.com/

Re: Midway Files for Chapter 11

Submitted by SeanB on Thu, 02/12/2009 - 14:37.

Isn't this the company that was just bought for 100,000 dollars?

Re: Midway Files for Chapter 11

Submitted by E. Zachary Knight on Thu, 02/12/2009 - 15:04.

That's the one.

E. Zachary Knight
Oklahoma City Chapter of the ECA
http://www.theeca.com/chapters_oklahoma

E. Zachary Knight
Divine Knight Gaming
OK Game Devs
Random Tower

Re: Midway Files for Chapter 11

Submitted by HarmlessBunny on Thu, 02/12/2009 - 14:05.

Sadly everyone saw this a mile away... No surprise what so ever.

Re: Midway Files for Chapter 11

Submitted by JustChris on Thu, 02/12/2009 - 18:05.

My town's dying gasp of big game developers :-(

Is game code just a natural resource that can only be found in big quantities in the West Coast? Is that why the rest of the nation has bad luck for game development?

GameSnooper

Re: Midway Files for Chapter 11

Submitted by E. Zachary Knight on Fri, 02/13/2009 - 10:18.

No game developers are a resource that seems to only be found on the West Coast. Sure some migrate out, but most simply flock together.

E. Zachary Knight
Oklahoma City Chapter of the ECA
http://www.theeca.com/chapters_oklahoma

E. Zachary Knight
Divine Knight Gaming
OK Game Devs
Random Tower

Re: Midway Files for Chapter 11

Submitted by JC on Thu, 02/12/2009 - 15:40.

Not really, everyone was expecting Midway to be liquidated.... this isn't the case though, they still want to live and thrive which is why they are filing under chapter 11 instead of 7.

Re: Midway Files for Chapter 11

Submitted by ZippyDSMlee on Thu, 02/12/2009 - 14:16.

I bet no one forsaw S/E offerign 84B for Edios!

Gore,Violence,Sexauilty,Fear,Emotion these are but modes of transportation of story and thought, to take them from society you create a society of children and nannys, since adults are not required.

http://zippydsmlee.wordpress.com

---

http://zippydsm.deviantart.com/

Re: Midway Files for Chapter 11

Submitted by ZippyDSMlee on Thu, 02/12/2009 - 13:59.

Oh noooowwwwwww your doing dev closeings *rolls eyes*

Oh wait thier not closing....

This is a sign of things to come as cost of development will hurt the indutry bit by bit.

Anyway How bad is MK/DC? Did they even try to polish the controls any?

Gore,Violence,Sexauilty,Fear,Emotion these are but modes of transportation of story and thought, to take them from society you create a society of children and nannys, since adults are not required.

http://zippydsmlee.wordpress.com

---

http://zippydsm.deviantart.com/

Shout box

Monte: trolls are just at their absolute worst when it comes to women and feminist. You could bet good money that if the developer were male the trolls would be silent and the conversation would actually focus on the journalism.10/18/2014 - 9:18pm

Monte: Papa: Not the first time we've had a journalism scandals before, but the harassment never got close to this level; the difference with this scandal is that feminists are involved. Without the feminist angle, their would be A LOT less harrassment10/18/2014 - 9:15pm

Papa Midnight: Monte: That's honestly rather short-sighted. As has been proven with other persons who have been targeted, if it wasn't Quinn, it would be someone else.10/18/2014 - 6:26pm

Avalongod: I think that's part of what gives an esoteric news story like this real life...it taps into a larger narrative about misogyny in society outside of games.10/18/2014 - 3:29pm

Avalongod: @Monte, well the trolls made death threats that came to police (and media attention). I think this is tapping into a larger issue outside of games about how women are treated in society (like all the "real rape" stuff during the last election)10/18/2014 - 3:28pm

Wonderkarp: Zippy : Havent tried the PS4 controller. might later.10/18/2014 - 2:37pm

Monte: Seirously, If Quinn was not involved and GG was instead about something like the Mordor Marketing contracts, the trolling would have never grown so vile and disgusting. There have been plenty of movements in the past that never sufferred from behavior..10/18/2014 - 1:57pm

Monte: We have seen scandel's before but the trolling has never been as vile as what we see with GG. Trolls usually have such a tiny voice you can barely notice them, but its like moths to a flame whenever femistist are involved.10/18/2014 - 1:53pm

ZippyDSMlee: Wonderkarp: You might be able to if you had a PS4 controller.10/18/2014 - 1:00pm

MaskedPixelante: http://store.steampowered.com/app/327940/ Night Dive starts charging for freeware.10/18/2014 - 12:21pm

Matthew Wilson: the sad thing is there are trolls on both sides of this. people need to stop acting like their side is so pure.10/18/2014 - 12:19pm

MechaTama31: So, only speak out on a scandal that hasn't attracted trolls? I wouldn't hold my breath...10/18/2014 - 10:49am

Monte: I feel like GG just needs to die. The movement is FAR to tainted by hatred and BS for it to be useful for any conversation. Let GG die, and then rally behind the NEXT gaming journalism scandal, and start the conversation fresh.10/18/2014 - 10:33am

quiknkold: and we dont have a Dovakin to call a cease fire10/17/2014 - 7:37pm

quiknkold: The whole thing is Futile. Both sides are so buried deep in their trenchs that there isnt a conversation. Its just Finger Pointing, Name Calling, Doxxing, Threats. there needs to be a serious conversation, and GG isnt it.10/17/2014 - 7:37pm

quiknkold: I thought it was a good article. Jeff is right. I feel like GamerGate did destroy its message. I am for Ethics in game journalism, but man. so much hate. and its on both sides. I've seen some awful stuff spewed on twitter. Its a big reason why I exited..10/17/2014 - 7:34pm

Matthew Wilson: while he focused on gg, he did call out both sides crap.10/17/2014 - 7:18pm

Papa Midnight: That was a damn good read offered by Jeff Gertsmann.10/17/2014 - 7:17pm

Matthew Wilson: http://www.giantbomb.com/articles/letter-from-the-editor-10-17-2014/1100-5049/ deferentially a nice write up.10/17/2014 - 6:44pm

james_fudge: I think Evan killed it. He's a great guy and super smart.10/17/2014 - 6:38pm

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