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Time extension: Midway gets extra month to pay off debts
helava says,
What's the point? Midway's holiday titles aren't going to be enough to make up their debt, and they don't have anything substantial releasing in the next month. Maybe they can sell themselves off, or sell off their upcoming titles, but otherwise, they're just delaying the inevitable at this point.
Article excerpt from joystiq.com —
"Midway has picked up a time bonus, turning back the clock somewhat on its 50-day fast track to financial doom. The troubled Mortal Kombat publisher has negotiated some breathing room for itself, extending the deadline to pay back half of its crushing $150 million in debt by another month until February 19...."
Read the full article at joystiq.com »
Read the full article at joystiq.com »
Posted 1 year ago
Weren't they just bought a couple of months ago for around $100,000? The buyer must have known these charges were coming.
Posted 1 year ago
Maybe they should try making a game not suck some time this century. I don't think they have had a good game since MKII.
Oh? MK vs. DC didn't rake in the profits? *gasp* I'm so surprized!
Oh? MK vs. DC didn't rake in the profits? *gasp* I'm so surprized!
Posted 1 year ago
I think that if Midway ever wants to make a profit again, they better leave the MK series in its grave already. They haven't done anything but make it worse. With all the firings, lay-offs, and so forth going on in the industry, their best bet is to pick up someone, ANYONE, who has an original thought, and let them make a game that will actually sell.
Unless of course they worked on a previous tomb raider game. Then they should just send that person to my house for a daily dose of assault.
Unless of course they worked on a previous tomb raider game. Then they should just send that person to my house for a daily dose of assault.
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Midway Games
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Amiga Games
About helava
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