Midway seeks $40 million from National Amusements for manufacturing
Cash-strapped Midway is so down in the dumps lately that it has struck a deal for $40 million from National Amusements to help pay for the manufacturing costs of the company's holiday lineup. National Amusements, which owns and operates movie theaters around the globe, will help the company in producing TNA iMPACT!, Blitz: The Leagues II and Mortal Kombat vs. DC Universe.
Midway recently lost a trio of executives and fired around 100 people as it hit losses of almost $70 million in just the first two quarters of this year. Hopefully, the Christmas cash will give the company some bigger spoons for scooping the water out of the ship.
Midway recently lost a trio of executives and fired around 100 people as it hit losses of almost $70 million in just the first two quarters of this year. Hopefully, the Christmas cash will give the company some bigger spoons for scooping the water out of the ship.












Reader Comments (Page 1 of 1)
antV @ Sep 22nd 2008 11:53AM
hmm...perhaps if midway stopped making sh*tty games, they would be able to afford to make sh*tty games.
Steven Colbert @ Sep 22nd 2008 12:11PM
Qouted For Truth
J.Goodwin @ Sep 22nd 2008 12:20PM
Half down half on delivery or something similar I would guess. National Amusements is probably their largest customer for arcade machines. They're probably getting a nice fat discount for fronting the cash.
Not a good sign for Midway's arcade business though.
zydeco @ Sep 22nd 2008 12:49PM
Uh, Midway hasn't made any arcade machines for almost a decade now.
National Amusements is Sumner Redstone, the bazillionaire that has bailed out Williams and Midway countless times before.
FireAnt360 (GamerTag, Zune80 and PSN ID but no PS3..YET) @ Sep 22nd 2008 1:14PM
!!!!!FOR THE HUNDREDTH TIME MIDWAY, JUST MAKE HYDRO THUNDER HD AND MY WALLET IS YOURS!!!!
BTW it only has $49.99 exactly in it ;)
FireAnt360 (GamerTag, Zune80 and PSN ID but no PS3..YET) @ Sep 22nd 2008 1:25PM
and yes I was yelling, I really want a Hydro thunder 2 it was not great in the graphics department, it had bugs and glitches but was Hella FUN.
Avoli @ Sep 22nd 2008 5:58PM
Hydro Thunder ROCKED. Nothing was better then playing as the boat with the dog in it to annoy those around you.