Midway Games, the studio behind the Mortal Kombat franchise, has been shoulder deep in financial troubles lately, and is currently facing delisting from the New York Stock Exchange.
It's gotten so bad that a private investor was able to buy 87% of shares for only US$ 100,000. The purchase was hoped to pull Midway out of its spiral of doom, but that's not the case.
Midway's share price fell to a new low of 23 cents, down almost 40% from Monday's peak. The company is still heavily in debt, although Mark Thomas, the guy who dished out the hundred grand from a controlling stake in the company, is reported to dish out US$ 70 million to cover some of the debt. Looks like he didn't get the company for cheap after all.
CGM Writes: While we were over at PAX East, we were able to sit down with Goichi Suda (Suda51) and talk about the upcoming remaster of Shadows of the Damned
Ibrahim from eXputer: "The Medal of Honor franchise was once the crown jewel of FPS war games, later defeated by the tides of time and poor development."
They tried to turn it into Call of Duty and it killed it off. They should reboot it and go back to it's roots. But they'd ruin it with online-only/multiplayer style bullshit so why bother? I have very fond memories of these games, but this series can stay dead as far as I'm concerned.
Was literally just thinking of this game the other week with the secret nut cracker mission and the shooting Bismarck dog lmao. Loved these games as a kid
I have fond memories of playing the Medal of Honor Breakthrough MP Demo. It had two maps and custom servers. Living on campus, I had it downloaded on one of the PC Lab servers so I could access it on any computer at the university. Joined a clan and made friends that I still keep in touch with today.
"Deep Silver, Dambuster Studios, and PLAION are today very happy and excited to announce that they have just released the second expansion (“SoLA”) for "Dead Island 2" (the said expansion is availableright now for PC and consoles via digital stores)." - Jonas Ek, TGG.
Ouch....
Because I don't see any reason for someone to willingly take on that much of a financial burden no matter how rich you are.
poor midway
Releasing a rapid stream of crappy games = No cash
Releasing Quality titles = $$$
I don't see what's so difficult about it. Just make good games.
Square - Enix might fall this way too, the way they've been money hungry lately.
its because they make crappy games and like the new game they made the fatality was not there like how it should be that's why i don't buy there games anymore lol