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MidwayMidway Games Ships 1.8 Million Units of "Happy Feet" GameAuthored by Mark Hefflinger on January 11, 2007 - 12:29pm.
Chicago - Midway Games said on Thursday that is has shipped more than 1.8 million units of its "Happy Feet" game, based on the Warner Bros. Pictures film, to retailers. Since opening in U.S. theaters on Nov. 17, the film has grossed over $326 million. Midway's game based on the movie is available for PlayStation 2, Nintendo Wii, GameCube, DS, Game Boy Advance and the PC. Separately, Midway said that it plans to release six of its classic arcade titles, such as "Joust," "Gauntlet" and "Mortal Kombat II," as digitally downloadable titles for the PlayStation 3. Midway Games Ships "MLB SlugFest 2006" to RetailersAuthored by Mark Hefflinger on June 5, 2006 - 1:19pm.
Chicago - Midway Games on Monday shipped its "MLB SlugFest 2006" title for PlayStation 2 and Xbox to retailers. Chicago-based Midway said the game will sell for $19.99.
Midway Games Announces Lineup of E3 TitlesAuthored by dmw on May 3, 2006 - 10:36am.
Chicago - Midway Games announced on Wednesday the lineup of 14 game titles it will have on display at the Electronic Entertainment Expo next week. Upcoming titles from Chicago-based Midway include "John Woo Presents Stranglehold," based on the director's film "Hard Boiled"; "Happy Feet" and "The Ant Bully," based on films from Warner Bros. Pictures; "The Grim Adventures of Billy & Mandy," based on the Cartoon Network series; and "The Lord of the Rings Online: Shadows of Angmar". The company will also show Epic Games' "Unreal Tournament 2007"; "Mortal Kombat: Armageddon"; "Mortal Kombat: Unchained"; "Spy Hunter: Nowhere to Run"; "Rise & Fall: Civilizations at War"; "Rush"; and sports titles "Blitz: The League" and "NBA Ballers: Rebound".
Midway Games Opens Paris Office, Announces 2006 PSP LineupAuthored by Mark Hefflinger on February 27, 2006 - 9:59am.
London - UVideo game publisher Midway Games announced on Monday that it has established a new sales and marketing office in Paris, France. Separately, the company announced its 2006 lineup of titles for Sony's PSP handheld. Chicago-based Midway plans to ship "NBA Ballers: Rebound" in the spring; "Mortal Kombat: Unchained" in the fall; and a new title based on its "RUSH" racing franchise in late 2006.
Midway, MTV Films, Vin Diesel Team on "The Wheelman" Movie, GameAuthored by Mark Hefflinger on February 22, 2006 - 4:12am.
Chicago - Midway Games announced on Wednesday that MTV Films and Paramount Pictures have purchased the movie rights to its "The Wheelman" game, currently in development by Midway and actor Vin Diesel's Tigon Studios. Diesel is expected to star in the movie, which will be produced by Tigon Studios and MTV Films, and distributed by Paramount. The deal is the second of three titles to be produced under an agreement between MTV Networks and Midway, which will jointly sell in-game advertising and collaborate on soundtrack development. "With the close cooperation of Midway, Paramount and MTV Films, we are putting together a new way to tell a story," said Tigon Studios production executive Cos Lazouras. "Working in tandem with the movie, we envision the video game will introduce 'The Wheelman' in a way that creates a unique connection with the audience that will blend the interactive world with the experience of the motion picture."
Midway Games to Host "NBA Ballers: Phenom $100K Tournament"Authored by Mark Hefflinger on February 16, 2006 - 7:36am.
Chicago - Midway Games on Thursday announced its "NBA Ballers: Phenom $100K Tournament," an on-site tournament for players of its "NBA Ballers: Phenom" title for PlayStation 2 and Xbox, which is slated for release in April. The contest will feature over 1,000 participants at The Music Box Henry Fonda Theater in Los Angeles vying for $100,000 in prizes; the event will also feature celebrity and athlete appearances, and live performances from Def Jam recording artist Ne Yo.
Midway Games to Make TNA Wrestling Games; Signs "The Rock" for SpyHunterAuthored by Mark Hefflinger on November 7, 2005 - 2:39am.
Chicago - Midway Games announced on Monday that it has signed an exclusive, multi-year agreement with TNA Entertainment, to publish games based on Total Nonstop Action Wrestling. The pro wrestling franchise airs events on Spike TV and pay-per-view; the first Midway TNA Wresting title will ship in 2007. Separately, Chicago-based Midway said that it has signed an agreement with wrestler-turned-actor Dwayne "The Rock" Johnson to star in its forthcoming "SpyHunter: Nowhere to Run" game title. The game is slated for release in the summer of 2006 for PlayStation 2 and Xbox; Universal Pictures is also developing a motion picture based on Midway's SpyHunter franchise.
Midway's "Mortal Kombat: Deception" Achieves "Platinum Hits" StatusAuthored by Mark Hefflinger on October 14, 2005 - 3:26am.
Chicago - Midway Games announced on Friday that its "Mortal Kombat: Deception" has now shipped over 1.9 million units since its release in October 2004, and has been named a "Greatest Hits" title for PlayStation 2 and a "Platinum Hits" title for the Xbox. The new sales status for the game means that Midway will redistribute the game in new packaging at the discounted price of $19.99. Separately, Midway said this week that it shipped its "L.A. Rush" racing title for PlayStation 2 and Xbox to retailers.
MTV Launches Games Division, Partners With Developer MidwayAuthored by Mark Hefflinger on June 27, 2005 - 7:56am.
New York -- Viacom's MTV announced on Monday the creation of MTV Games, a new interactive entertainment division that will develop original titles as well as incubate original game franchises in partnership with independent game developers. The new division said that it has partnered with video game publisher Midway Games on the development of three upcoming game titles. Viacom chairman and CEO Sumner Redstone also holds a majority stake in Midway. Under the deal, MTV will sell in-game advertising and collaborate on soundtrack development for Midway's "L.A. Rush" and two other undisclosed titles, and also share in royalties from game sales. "L.A. Rush" will feature MTV branding and the crew from its TV series "Pimp My Ride," in addition to a 75-song soundtrack. MTV said its new games division will be managed by MTV Interactive Products senior director Tony Calandra, and overseen by Jeff Yapp, executive vice president of MTV Networks Music and Logo Enterprise.
Game Developer Midway Raising $82 Million Through Stock SaleAuthored by Mark Hefflinger on April 14, 2004 - 5:32am.
Chicago -- Video game developer Midway Games announced on Tuesday plans to raise $82.3 million through a private placement of 11.3 million shares of its stock. The Chicago-based company said it will use the $78.4 million of net proceeds from the offering for general corporate purposes, including working capital, financing capital expenditures, research and development, marketing and distribution efforts, and acquisitions or strategic alliances. Midway's recent titles include "NBA Ballers" and "The Suffering."
Game Developer Midway Raising $82 Million Through Stock SaleAuthored by Mark Hefflinger on April 13, 2004 - 8:19am.
Chicago -- Video game developer Midway Games announced on Tuesday plans to raise $82.3 million through a private placement of 11.3 million shares of its stock. The Chicago-based company said it will use the $78.4 million of net proceeds from the offering for general corporate purposes, including working capital, financing capital expenditures, research and development, marketing and distribution efforts, and acquisitions or strategic alliances. Midway's recent titles include "NBA Ballers" and "The Suffering."
Midway Games Acquires "The Suffering" Developer Surreal for $4.2 MillionAuthored by Mark Hefflinger on April 6, 2004 - 7:12am.
Chicago -- Video game developer Midway Games announced on Tuesday that it has acquired Seattle-based developer Surreal Software, which created its recently released "The Suffering" title, in a stock transaction valued at about $4.2 million. Surreal is also responsible for titles including the "Drakan" franchise and "The Lord of the Rings: The Fellowship of the Ring." Chicago-based Midway said the acquisition will strengthen its internal development team. "The positive market reception to 'The Suffering' illustrates our ability to successfully develop and release entirely new properties that resonate strongly with the growing audience of sophisticated, mature gamers," said Midway president and CEO David F. Zucker.
Game Developer Midway Raises $23.5 Million in Private PlacementAuthored by Mark Hefflinger on October 14, 2003 - 4:28am.
Chicago -- Video game developer and publisher Midway Games announced on Tuesday that it has signed agreements to sell 9.3 million shares of its stock, in a private placement that will net the company $23.5 million in new funds. Chicago-based Midway will use the proceeds for game development, for working capital to finance inventory and receivables and for general corporate purposes.
Shareholders File Class Action Suits Against Game Developer MidwayAuthored by Mark Hefflinger on September 29, 2003 - 9:53am.
Chicago -- A number of shareholder class action lawsuits have been filed against video game developer Midway Games, alleging the company's share price was inflated due to misleading statements made by the company. The charges include not informing shareholders of "material disruptions" at Midway that made the company miss product release dates, which led to decreased revenue and inaccurate revenue projections being provided to shareholders. Chicago-based Midway reported earnings of $5 million for the third quarter, far below its earlier projections of between $7-$11 million, and at the same time announced the departure of CEO Neil D. Nicastro -- two events that resulted in a considerable drop in the company's share price.
Midway Closes Calif. Game Development Studio, Lays Off 74 EmployeesAuthored by Mark Hefflinger on February 10, 2003 - 3:38am.
Chicago -- Midway Games, a developer of titles including the popular "Mortal Kombat" franchise, announced that it will lay off 74 employees -- or about 10 percent of its worldwide staff -- as it closes its game development studio in Milpitas, California. The Milpitas studio's remaining 42 employees will be consolidated into Midway's game studio in San Diego. Chicago-based Midway said that two games that were in development in Milpitas will be discontinued, and that the relocation of assets and employees will result in restructuring charges of approximately $14 million. http://biz.yahoo.com/e/030207/mwy8-k.html
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