Warner Bros offers $33 million to buy out bankrupt Midway

26 May 2009

Posted by:Josh

Midway isn't dead, but you are *mwa ha ha ha* MK artwork
It’s alive! IT’S ALIVE!

Warner Bros has offered to buy the bankrupted publisher Midway for a cool $33 million dollars. Better yet, this is enough money to not only buy the company and it’s name, but also assets like the Mortal Kombat franchise and Midway studios like Chicago and Seattle.

However the agreement does not include Midway’s San Diego studio and TNA Impact, nor does it include the Wheelman developers in Newcastle.

Warner Bros. has been rumored to be Midway’s prime suitor since April, when “reliable trade sources” suggested that the media conglomerate was about to make an offer. Warner Bros. figures that it is a good deal as they continue to build their portfolio, having earlier attempted to purchase Eidos Interactive.

At the moment, Warner Bros. and Midway are waiting on the bankruptcy court to approve the deal.

Good news for Midway. Possibly bad news if you were hoping to see Mortal Kombat handed off to another, more capable developer. Either way I’m glad to see that the company is not left to go under. Kudos to Warner Bros. and hopefully midway’s pedigree will be upped a bit as they realize that bad games nearly killed them.

Categories: News

J

I think its good… I love MK hopefully they make new games and characters. Ive loved playing these games and still do
Vince H.

That’s good I guess. I still hope they give all the characters in the next game unique fatalities (not that create your own thing) and hopefully make the females good looking again and not like they’re on drugs. Also, I don’t think 3D fighting works for this game…2.5D is fine with me!
http://www.videogamesblogger.com Ferry

I hope this goes through as well. I’d like to see Warner Bros. release a Mortal Kombat 3 movie to coincide with the next game!
The Glorious Leader

I love the Mortal Kombat series and I’m happy to hear it will still be around. It has quite a few of my favorite game characters ever. I really hope this can breathe some new life into the series. It would be great if they tried something in the Mortal Kombat world that wasn’t just another fighting game. Would it be too crazy for them to try a Mortal Kombat RPG?
Me

33 million is a steal for the MK license. They will EASILY make that money back.