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Topic:
I'm a little worried Midway might go out of business and we won't get a lot of TNA games
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Mike512
Posts:
12
Registered:
Mar '08
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Date Posted:
4/15 12:54am
Subject:
I'm a little worried Midway might go out of business and we won't get a lot of TNA games
- Date Edited:
4/15 12:55am (1 edits total)
Edited By:
Mike512
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I was reading somewhere that Midway lost 10 million in 2007 and they've had three different people in charge of the company the past three months. Their kind of a one trick pony with Mortal Kombat and even that isn't big enough anymore to keep a company in business (unlike how GTA is big enough to keep Take Two in business).
I just hope if they eventually go out of business the developers of the game get to continue working on future iterations of it somewhere else.
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MasterShiraiRyu
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2,636
Registered:
Sep '05
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Date Posted:
4/15 12:59am
Subject:
RE: I'm a little worried Midway might go out of business and we won't get a lot of TNA games
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you have to remember that it is not just midway involved with this game. even if midway goes under tna will just find another company to take up the license. midway made a game for wwe, now wwe has thq making there games. so don't worry about it
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Mike512
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12
Registered:
Mar '08
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Date Posted:
4/15 10:20am
Subject:
RE: I'm a little worried Midway might go out of business and we won't get a lot of TNA games
- Date Edited:
4/15 10:21am (1 edits total)
Edited By:
Mike512
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I'm not worried about there being no more TNA games. Obviously they'd find someone else to make their games. I just know Impact is going to be awesome and I want those developers making the games for the future.
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kent
Posts:
142
Registered:
Mar '08
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Date Posted:
4/19 6:16pm
Subject:
Midway might go out of business
- Date Edited:
4/19 6:33pm (1 edits total)
Edited By:
kent
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Midway has fallen on hard times since the 2000s. On June 2001, the company shut down its arcade division due to financial losses. In February 2003, Midway closed Midway Games West, putting an end to what was left of the original Atari. In October 2003 Midway said it expected to see $100 million in losses in 2003, on sales of about $100 million.
In 2004 Midway began a purchasing spree of independent video game development studios which "strengthens our internal product development team and reinforces our ability to make high quality games" (From Midway's May 2005 Quarterly Report). In April of 2004 Midway acquired Surreal Software of Seattle, Washington. In October of 2004 they acquired Inevitable Entertainment of Austin, Texas (now known as Midway Austin). In December of 2004 they acquired Paradox Development of Moorpark, California.
On August 4, 2005 Midway acquired the privately held Australian-based developer Ratbag Games. The Studio was renamed Midway Studios-Australia. Four months later, on December 13th, Midway announced to its employees there that it was shutting the studio down, leaving its employees based at that studio without a job. Two days later on the 15th, the studio was closed and their Adelaide premises emptied.
As of 2007, Midway Games is currently in a legal battle with Mindshadow Entertainment for the Psi-Ops video game rights. According to Loredana Nesci and Steven Lowe, attorneys for Mindshadow, Midway Games copied the Psi-Ops story from a screenplay written and owned by their client.
Recently Midway CEO David Zucker has revealed his company plans to open a new casual games portal. Zucker said that the successes of internally-developed massmarket DS and Wii games Touch Master and Game Party had inspired the company by "returning to its roots" - the Midway brand first rose to prominence in the arcade era.
On March 6th 2007 Midway reported its 2007 full year and Q4 financials, reporting revenues down just under $10m to $157.2m for 2007 and with losses growing to $97.4m, up from $77.8m year on year. The firm announced that it had enterted into a new $90m credit agreement with National Amusements, terminating its $30 credit facility with Wells Fargo. However, CEO David Zucker remained upbeat, saying the introduction of PS3 exclusive Unreal Tournament 3, and the company's growing success in massmarket games, were setting it up for a "significant 2008".[2] On March 21, 2008, David Zucker resigned as CEO. He was the third executive to resign in three months from the company. Succeeding Zucker is Senior Vice President Matt Booty on an interim base
Another high level executive has jumped ship from struggling publisher Midway for the unnamed greener pastures of "anywhere else but here."
the resignation, announced indirectly via a Midway statement on the hiring of a new CEO, was offered by (now) former CEO David F. Zucker. There was no word from Midway on how the turnover might affect current projects, if at all.
Zucker joins VP, CFO, and Treasurer Thomas Powell, and Senior Marketing VP Steve Allison, who both resigned from the publisher back in January. The departures have left a vacuum at the top that board members scrambled to fill today. That filler? Seventeen year Midway veteran Matt Booty, who will serve as interim CEO.
Midway has been an industry player since the early days of video games, with classic titles like Pong, Defender and Spy Hunter laying the foundation for more modern fare in Ready 2 Rumble Boxing, NFL Blitz and Mortal Kombat. In 2007, however, the publisher fell on tough financial times even as Zucker said he remained optimistic about 2008 thanks to titles like PS3 exclusive Unreal Tournament 3. And now he's gone.
I'm alot worried Midway might go out of business and we won't get a midway/TNA games. TNA signed a multi-year agreement with Midway Games on November 7, 2005 to create games for consoles, PCs, and handhelds. Midway announced their intentions to release Impact!, the first game in TNA's history, for each of the seventh generation consoles on March 2, 2006.
Now i don't know alot about games but , it can't be good to signed a multi-year agreement in November 7, of 2005 and it not be out yet in 2008.
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kent
Posts:
142
Registered:
Mar '08
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Date Posted:
5/6 2:47pm
Subject:
they lost $34 million in the first quarter of 2008
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Midway Games announced today that they lost $34 million in the first quarter of 2008, mostly due to the fact that they only released one new game during the quarter.
Midway will release the first TNA video game later this year.
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Anti wwe Pro TNA!!
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Slash-X
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27
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Apr '08
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Date Posted:
5/6 6:40pm
Subject:
RE: I'm a little worried Midway might go out of business and we won't get a lot of TNA games
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TNA will come out.
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kent
Posts:
142
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Mar '08
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Date Posted:
5/7 11:51am
Subject:
RE: I'm a little worried Midway might go out of business and we won't get a lot of TNA games
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tna is gay ? lol
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