Midway bleeds another $34.8 million in Q2
by Alexander Sliwinski 
{ Aug 4th 2008 at 8:35PM }
Matt Booty, Midway's interim president and CEO, believes that Midway's lineup later this year, consisting of Blitz: The League II and Mortal Kombat vs. DC Universe, will "expand the audience beyond their core fan bases." We know it's sweet to try and make quotes from the Nintendo playbook, but we just don't have the heart to tell him that Midway isn't Nintendo. The financial rivers will continue to flow red as Midway expects another multi-million loss during Q3.
Related From Joystiq
Related Articles From Our Partners
- Red, As In Ink, Was Liz Claiborne’s Color In Third Quarter, But It Expects QVC And Isaac Mizrahi To Come To The Rescue Next Year
- Palmetto Bank reports only second quarterly loss in its 103-year history due largely to declining commercial real estate values
- UBS posts 564 mln francs loss for third quarter
Get a WordPress.com Blog
Reader Comments (Page 1 of 1)
Waqman @ Aug 4th 2008 8:42PM
Its not about the money its about sending a message.
ApolloIV @ Aug 4th 2008 9:14PM
Nope, it's totally about the money.
Jason @ Aug 4th 2008 10:11PM
I have two words to say to this:
TNA! TNA!
Thierry @ Aug 4th 2008 10:33PM
There should have been a picture of a MK uppercut and blood gushing everywhere. The falling blood droplets will then show $34.8 million.
juju187 @ Aug 4th 2008 10:35PM
time to pack it up if they think MK vs DC, blitz or This is Delay-gas is gonna get them out the red...
Vii @ Aug 5th 2008 12:49AM
Maybe if Midway started to make some good games they wouldn't see losses. Instead they have a great line-up of a crappy MK game and Vin Diesel. THANKS MIDWAY!!!
Jason @ Aug 5th 2008 5:23AM
I seriously considered pursuing a job at Midway a couple years ago but after reviewing their financial statements, I just wondered how long they can possibly continue to bleed cash like this?
Genius @ Aug 5th 2008 11:14AM
As a former Midway employee that was caught up in one of their many layoffs, they can burn in hell, and it looks like they are well on their way. Good job Midway!
Ridgecity @ Aug 6th 2008 1:27PM
According to video game stereotypes, she probably knows amazing kung fu and can handle giant sword during combat.
With those massive tits, she would be more apt for Soul Calibur DLC.
Ridgecity @ Aug 6th 2008 1:28PM
sorry, wrong post! lol...