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Posts tagged national-amusements

Creditors fight back: MIdway gets sued

Sumner Redstone, his daughter Shari (a former Midway board member, mind you) and the mysterious Mark Thomas are all being sued, among others, by the various creditors that a nearly penniless Midway owes money to. Gamasutra obtained a copy of a 29-page lawsuit, detailing the alleged financial...

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Judge says Sumner Redstone treated Midway 'like a toy'

Embattled Midway is back in court, with creditors asking for the head of majority stockholder (and mystery man) Mark Thomas. And Judge Kevin Gross seems inclined to side with the creditors, as bankruptcy proceedings go forward and he calls out former Midway owner National Amusements, Inc. (and...

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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...

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Midway's losses tallied up under Sumner Redstone's watch

Following yesterday's public resignation of Midway CEO David Zucker (no, not that David Zucker), Variety crunched the video game publisher's numbers after media titan Sumner Redstone's acquisition of the company in 2004. At that time, Redstone said, "Midway is clearly a second-tier producer, but...

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