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Submitted by TnS 1437d ago | news

Midway Q4 Losses Rise Nearly $28 Million

Publisher and developer Midway has released the results of its holiday quarter and full year, showing Q4 sales falling to $77.6 million, and losses rising considerably from $2 million in 2006 to $29.7 million, with execs saying the company has "overcome many of [its] technology hurdles" for a "smoother" 2008.

The company did trumpet the achievement of its Epic co-release of Unreal Tournament 3 for PC and PlayStation 3, which it notes has shipped over a million copies worldwide, and took home a number of awards, as did its The Lord of the Rings Online: Shadows of Angmar. (Industry, Lord Of The Rings Online, Lord of the Rings Online: Shadows of Angma, PC, PS3, Unreal Tournament III, UT3)

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