100°

Midway may be in for fatality: stocks fall 40%

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.

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xbox360.qj.net
The gaming GOD5620d ago

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.

5620d ago
The gaming GOD5620d ago (Edited 5620d ago )

You're damn right on that one.

The problem was that Midway thought they could ride MK's fame from the early 90's from then all the way to now.

They don't even realize that they've dried out their own franchise. MK lost its luster long ago. And it doesn't help that their other games lacked quality either

barom5620d ago

Damn and I wanted my Stranglehold 2 or Psi Ops 2.

coolfool5619d ago

I don't think that MK vs DC is that bad a game, the graphics seem acceptable and the game seems fun and playable. But despite all that, people just don't want it.

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ugabugaz5620d ago

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.

Cyber Gamer5620d ago

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

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80°

6 Fun Games Where You Actually Play As The Bad Guy

While the mainstream media always sees things turning in favor of the hero, here are 6 games that own being a bad guy.

130°

Essential Video Games Everyone Needs To Play At Least Once

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.

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wealthofgeeks.com
Chard16h ago(Edited 16h ago)

I never got around to mass effect - I’m skeptical that it would hold up if I were to try it now

Furesis15h ago

I would say it does. The combat is a bit shit for todays standards but everything else is great.

anast13h ago

It's worth a play through today.

gold_drake6h ago

the first one is abit the odd one out but after u finished it, believe it it gets tremendously better and better

90°

El Shaddai: Ascension of the Metatron - Coming Back for a New Generation

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.

jznrpg1d 9h ago

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.

darthv721d 9h ago

Id play it again on the switch. I wished my 360 version was bc but this is still a good way to play.