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.
Video games are no longer just a simple past time. Today's games are evolving into true works of art. Offering intriguing narratives, cinematic setpieces, and profound messages, games can entertain us for hundreds of hours.
I never got around to mass effect - I’m skeptical that it would hold up if I were to try it now
Originally launched in 2011, El Shaddai: Ascension of the Metatron is coming to Nintendo Switch, so It's time to look back at the original.
Still have my ps3 copies. Bought it at launch and another one when I found it cheap and in perfect condition about 10 years ago. I wouldn’t buy it on Switch but if they made a PS5 version I would. I still have one of my PS3 Fats hooked up so good to go either way.
Id play it again on the switch. I wished my 360 version was bc but this is still a good way to play.
The artist behind Fallout 4’s Deathclaw reveals just how bad things got back when Bethesda took over the series
People are stupid I get it. No one should feel unsafe,
But I think they need to talk about why they cut so many corners during the development process and why none of their games ever look current. And why they think all of this is okay while they charge full price.
As much as Bethesda deserve criticism, that's not really relevant to the reveal of Fallout 3 in 2007.
The default angle Kotaku always go for is to highlight the worst in gaming.
I would’ve focused on the creative.
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