100°
Submitted by Foxgod 2461d ago | article

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. (PS3, Xbox 360)

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IzKyD1331  +   2461d ago
Ouch....
The gaming GOD  +   2461d ago
Mark Thomas must see something that none of us see
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.
vitz3  +   2461d ago
Maybe if they tried making a good game within the past 10 years they might not be in this situation.
The gaming GOD  +   2461d ago
You won't get a disagree from me on that
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
#2.2 (Edited 2461d ago ) | Agree(2) | Disagree(0) | Report | Reply
barom  +   2460d ago
Damn and I wanted my Stranglehold 2 or Psi Ops 2.
coolfool  +   2460d ago
To be fair though
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.
bomboclaat_gamer  +   2461d ago
poor midway
ugabugaz  +   2461d 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 Gamer  +   2461d 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
TheColbertinator  +   2460d ago
Midway,stop making crappy games.Get rid of all the licensing or try to bring Unreal Tournament 4
Nicolator  +   2460d ago
,,,,,
Recession finish him!!!...

Midway dies

Fatality!!!
DarkArima  +   2460d ago
Don't copy me >w<
BLUR111  +   2460d ago
well that is what happens when a company looses their heart.

and the MK team didn't help with their last few mortal kombat games that is for sure
#8 (Edited 2460d ago ) | Agree(0) | Disagree(0) | Report | Reply
Prototype  +   2460d ago
Mortal Kombat vs Street Fighter.....

Make the game already I've been waiting since I was in the 6th grade
Bolts  +   2460d ago
Like they would let Kano pull out Chung Li's heart.
scheme_a  +   2460d ago
I don't see that happening because
Midway may want it so badly, but Capcom has almost no reason to do it.
And I certainly won't buy it if it is developed by Midway.
That means they will need to license their characters to Capcom, but I don't think there is that much money to be made by licensing.
Prototype  +   2460d ago
They could do it like Capcom and SNK did, each company does their own version, most likely Capcom will have some clever way to pull it off. After seeing Sonic and Mario in a game together anything is possible these days.
kewlkat007  +   2460d ago
I'm sorry but Midway is done, stick a fork in them
I bought MK vs DC for PS3 and that game sucks..

The animations slow the game way down..

Never liked the 3-D MK and never will I'm done with that series...

I'll stick to the glory MK days on my 4- player MAME machine I'm gonna be building

Mortal Kombat 2/Ultimate/3/Trilogy, for me will be the best MKs.

MK R.I.P. Looking forward to Tekken 6 and SF4.
NMC2007  +   2460d ago
LOL!
This topic title made me laugh, thanks.
MK_Red  +   2460d ago
Midway has been doing a pretty good job of destroying its games and ips. Look how they a** raped SpyHunter last gen and this gen, they destroyed Blitz and NBA Jam (Ballers). Their only profitible ip was MK and they made a freaking T RATED out of it. There is a reason MK vs DC is the worst selling game in MK franchise and way behind last gen's MKA, MKD and such. MK HAS to be a uber violent M RATED game. No matter how good or bad MK vs DC is, it's NOT a MK game. Midway is simply digging their own grave.
arngrim229  +   2460d ago
ew
MK vs DC is the most garbage fighting game i've ever played, slow choppy, stiff animation,its garbage, i'll stick to soul calibur tekken doa and any other fighter, only good MK was trilogy
Rob0g0rilla  +   2460d ago
They should go back to 2D.
Every 3D mortal kombat game has been a failure.

The insane longevity/replay value in 2D mortal kombat games is the real reason they should go back.
#14 (Edited 2460d ago ) | Agree(0) | Disagree(0) | Report | Reply
madk  +   2460d ago
Not much of a loss to us now.

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