Warner Bros. acquires Midway by default, was the only one 'serious' |
Ó
Midway was hoping for a bidding war that would up the price, but although several game publishers had been checking the Midway merch, none of them really stood up to to the plate. Said Geoff Mogilner, spokesman for Midway, "No other bids came in, so there's not going to be an auction."
As part of the acquisition bundle, WB will now also own the development studios in Chicago and Seattle, as well as rights to new and classic IP.
Only yesterday, we reported that Midway has been sued by a movie producer over IP rights to Mortal Kombat. Midway's financial woes started late last year when their stocks fell by 40%. The Unreal Engine 3 was among those factors accused of causing the stress in their bank accounts, but despite all these, they remained focus on churning out new iterations for the MK franchise -- or at least were determined to continue with it.
Related Articles:
- Midway manages to buy some time to avoid bankruptcy
- Next Mortal Kombat to bring back the blood and gore
Via LA Times
Contact Us:
The QJ.net Network |
 |
| Site | Feed |
| QJ.NET | RSS |
| Nintendo DS | RSS |
| PlayStation 3 | RSS |
| PSP Updates | RSS |
| Wii | RSS |
| Xbox 360 | RSS |
| MMORPG | RSS |
| Personal Computer Games | RSS |
| iPhone - iPod Touch | RSS |
| QJ.NET Forums | RSS |
Add QJ.NET
User Favorites - December
User Favorites - December
Categories
Archives
Accessories
Add-ons
Applications
Artwork
Batteries
Cheats
Deals
Emulators
Events
Featured Articles
Firmware
Flash Applications
Flash games
Game Demos
Games
Hacks & Exploits
Homebrew Applications
Homebrew Demos
Homebrew Development
Homebrew Emulators
Homebrew Games
Homebrew Themes
How-To
Humor
Imports
Interviews
Magazines
Mods
MY QJ
News
Off Topic
On Shelves This Week
Opinions & Analysis
Podcasts
Previews
PSP Go
PSP Minis
PSP Slim & Lite
QJ How-To Series
QuickJump QuickGuide
QuickJump QuickPeek
Reviews
Rumors
Scans
Screenshots
Site News
Titles
UMD Movies
Videos
Weekend Warrior
Wi-Fi
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
Comments [refresh]
Not only is it a bad time to sell, but its not like midway has an outstanding library to offer other than generic fighters or old school games.
yeah Midway sucks major donkey balls anyway so who cares.
Honestly. Midway has been in a bad spot for a long time now, WB picking them up to ensure another MKvsDC is prob the best thing that could of happened.
Besides the MK name, which is more of a name of the past, Midway has nothing worthy under it's belt for other companies to be interested in.
Nobody got the joke?
Warner Bros. was the distributer of The Dark Knight...
lol!
...and Marketing are the ones who sucked major donkey balls. But, I think the WB might have gotten quite a steal on that deal. There are plenty of 'classic' properties that Midway has that they just weren't smart enough to turn. Joust could easily be taken into the 21st century and current gen. Defender. Gauntlet. Rampage. --Maybe some of those properties moved-on to other companies, but there were a LOT of arcade games that Midway used to make, that make for good 'high concept' for next-gen iterations.... Midway was just too stupid to do anything with them: Mortal Kombat vs DC Universe. ??? --Were they HIGH? There are DC fans. There are Kombat fans. I'm guessing that game tanked (for the most part) because each of those type of fans never really thought of crossing the two in a single game. That was an act of desperation. ...Even if Warner milks the old properties dry, I suspect they'll get more than their money back. ...A STEAL for $33 Million.
Wasn't someone else sueing the makers of the Unreal 3 Engine because they didn't back the tech they leased? That's two companies out of luck because of this U3E nonsense. Just use the Source engine, lol. At least Valve can code decent netcode for a multiplayer game, which apparently is a lost art.
Heath Ledger ruined cowboys and the joker for everyone.