Creditors for bankrupt Chicago-based Mortal Kombat house Midway Games have entered into a settlement agreement with Mark Thomas, a little-known investor who bought the publisher from media mogul Sumner Redstone last year.
According to a June 4 court filing originally mentioned by Bloomberg, and independently found by Gamasutra, Midway's Official Committee of Unsecured Creditors agreed to give Thomas and his associated parties a first priority secured claim against Midway in the amount of $5 million. Thomas will be able to collect that amount, less any amount paid by Midway to Thomas since the publisher filed for bankruptcy in February, before other creditors.
Midway's creditors committee said it estimates it paid Thomas around $287,000 to date, an amount that will go towards the settlement value. In exchange, Thomas agreed to relinquish all claims against Midway.
INDIE Live Expo, Japan’s premiere online digital showcase series , will debut never-before-seen games & content updates across more than 100 titles on May 25th.
"The best games of the year and the creative teams behind them were in the spotlight at the grand award ceremony of the German Computer Game Award 2024." - German Computer Game Awards.
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Seven months after its infamous launch, the Van Gogh Museum is restocking its popular Pokémon collaboration items -- and selling out fast.
