Midway owes millions to Epic, NBA, Warner Bros and many more
GamePolitics went digging through
Midway's Chapter 11 bankruptcy records and found the company has $281 million in liabilities, with only $167 million in assets. The real eye opener, however, is the list of
Midway's top 30 creditors. Just a small sampling:
- Wells Fargo Bank - $150,000,000
- National Amusements, Inc. - $20,147,864 (Which most recently paid the manufacturing costs of Midway's holiday lineup.)
- NBA Properties, Inc. - $17,294,849 (Licensing and royalty fees)
- Warner Bros. Interactive - $6,654,203
- Epic Games - $1,975,000 (Licensing and royalty fees -- perhaps for for Unreal Tournament?)
The list goes on, check out the full roll at
GamePolitics. Although there's a lot to snicker about in the full list, nothing really beats the $300,000 in severance pay to
former CEO David Zucker -- the man who helped run the company into the ground. Then again,
a lot of execs got rich at Midway while the
company fell apart.
