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Midway has 50 Days to Rack Up US $150 Million or it's Game Over

Midway has 50 Days to Rack Up US $150 Million or it's Game Over 250°
329w ago - Big trouble. Big big trouble. Midway Games is in hot water now, trying to figure out how they can earn US $150 million in just 50 days.

If they fail, they'll have to declare bankruptcy, and it's game over. After getting sold for for a mere pittance, the publisher remains in such bad shape that they're facing bankruptcy in just a little over two months.

A file from the US Securities and Exchange Commission tells us that Midway...
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Midway Austin Project Canned, Confirms Layoffs

Midway Austin Project Canned, Confirms Layoffs 50°
346w ago - It appears Midway's financial woes continue. Today the company formally announced that it has canceled an "as-yet-unannounced" project in development at its Austin, Texas-based studio.

In further bleak news, as part of an ongoing initiative to "maximize its development resources and apply manpower and capital to projects with the highest chances of success," approx. 90 of all 130 employees employed by the studio will be laid...
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Rumor: Eidos, Midway In Merger Talks

Rumor: Eidos, Midway In Merger Talks 50°
377w ago - Rumors are abound that Eidos and Midway are currently evaluating the possibility of a merger. This wouldn't be the first time that the two companies considered merging, as preliminary talks over a merger started three to four years ago. But at that time, both companies were doing relatively well, so nothing came of it.

Wedbush Morgan analyst Michael Pachter believes that a merger between the two companies is "feasible." One...
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Midway: Halo 3 will help BlackSite sell

Midway: Halo 3 will help BlackSite sell 50°
393w ago - In an interview in UK videogame trade paper MCV, a Midway representative has made the interesting claim that BlackSite (its forthcoming sci-fi FPS) will actually benefit from going up against Halo 3.

"BlackSite will absolutely benefit from the popularity of Halo, and stands a fair chance of hitting number one," Aidan Minter, European brand manager for the company told MCV.

And while we're not going to say he's wrong per se,...
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