Chicago - Video game publisher Midway Games (NYSE: MWY) announced on Friday that it has secured a factoring agreement with parent company National Amusements that will provide the company with up to $40 million to offset the cost of manufacturing its fall 2008 games lineup.

Chicago - Video game publisher Midway Games (NYSE: MWY) announced on Tuesday that it has cancelled an as-yet-unannounced project in production at its Austin studio, and as a result will lay off 90 of the 130-person development team there. The studio will remain open, and operate both Midway's central outsourcing group and two teams working on unnamed prototype projects.

Chicago - Video game publisher Midway Games announced on Tuesday that it will combine its Southern California development studios, merging the operations of its Moorpark (Los Angeles) facility into its San Diego facility. The company said the majority of the Moorpark employees, including the team developing "TNA Impact," are being offered the opportunity to transfer to San Diego.

Chicago - Midway Games (NASD: MWY) on Monday announced plans to publish "Mortal Kombat vs. DC Universe," licensed through Warner Bros. Interactive Entertainment, for the PlayStation 3 and Xbox 360 in the fall. The game will pit Mortal Kombat characters like Sub-Zero and Scorpion against Batman, Superman and other DC characters. Separately, Midway said it will publish developer Epic Games' "Unreal Tournament 3" for Xbox 360 this summer. The game has already shipped more than one million units worldwide for the PlayStation 3 and PC.

Chicago - Video game developer and publisher Midway Games (NASD: MWY) announced on Thursday that chief executive David Zucker is leaving the company, and will be replaced by interim CEO and president Matthew V. Booty until a replacement can be found. Midway veteran Booty was most recently SVP of worldwide studios. "Dynamic new leadership is needed to bring Midway to its full potential," said Midway chair Shari Redstone. "Our new leader must have the proven capabilities and track record to lead Midway and to reclaim its place in the forefront of the fast growing videogame industry," added Sumner Redstone, chairman and CEO of Midway parent National Amusements.

Chicago - Midway Games (NYSE: MWY) and Epic Games on Monday announced the release of "Unreal Tournament 3" for the PC. Epic said it will also soon ship a version of the game for the PlayStation 3.

Los Angeles - Movie production company CP Productions plans to create a feature-length film based on the Midway Games classic arcade title, "Joust," GameDaily.biz reported.

Chicago - Video game publisher Midway Games is facing eight separate class action lawsuits, filed on behalf of shareholders who allege the company either failed to disclose or misrepresented facts related to its performance, and engaged in insider trading.

Chicago - Midway Games on Wednesday provided a list of the forthcoming titles it will show at the E3 event this week. In addition to "Unreal Tournament 3," which will be released exclusively for PC and the PlayStation 3, the company will preview "Hour of Victory"; "The Lord of the Rings Online: Shadows of Angmar"; "The Bee Game"; "TNA iMPACT!"; "The Wheelman"; "Foster's Home for Imaginary Friends: Imagination Invaders"; "Game Party"; "Aqua Teen Hunger Force Zombie Ninja Pro-Am"; "Cruis'n"; "Ultimate Mortal Kombat"; "BlackSite: Area 51"; and "Stranglehold."

Westwood, Mass. - Game developer Turbine and publisher Midway Games on Tuesday announced that their "The Lord of the Rings Online: Shadows of Angmar" massively multiplayer online PC game has shipped to retailers. The companies touted the game, which has been in development for over four years, as the only online multiplayer title based on the books of J.R.R. Tolkien.