Midway Continues to Lose Money
Despite two hit titles this year - Mortal Kombat: Shaolin Monks and Blitz: The League - Midway has reported losses in six straight years. From the GameDaily article:
Midway suffered a $112.8 million loss, which is significantly higher than its full-year loss of $24.7 million in 2004. Net revenues for the year were also down—$150.1 million versus $161.6 million, a drop of 7.1 percent...
Midway's [plans to rebound] include a deal with Tigon Studios to create The Wheelman starring Vin Diesel, and today's announcements that they will co-publish Lord of the Rings Online with Turbine and have partnered with Double Fusion to broaden their in-game advertising strategy.
Midway definitely needs to turn things around - they're one of the original American game developers and easily the largest developer near the New England area. It'd be a shame to lose such a cornerstone company.
Midway's notable upcoming titles include MLB SlugFest 2006, Spy Hunter: Nowhere to Run and Unreal Tournament 2007.
-Casey
Midway suffered a $112.8 million loss, which is significantly higher than its full-year loss of $24.7 million in 2004. Net revenues for the year were also down—$150.1 million versus $161.6 million, a drop of 7.1 percent...
Midway's [plans to rebound] include a deal with Tigon Studios to create The Wheelman starring Vin Diesel, and today's announcements that they will co-publish Lord of the Rings Online with Turbine and have partnered with Double Fusion to broaden their in-game advertising strategy.
Midway definitely needs to turn things around - they're one of the original American game developers and easily the largest developer near the New England area. It'd be a shame to lose such a cornerstone company.
Midway's notable upcoming titles include MLB SlugFest 2006, Spy Hunter: Nowhere to Run and Unreal Tournament 2007.
-Casey
posted by HardScores at 9:12 AM
0 Comments:
Post a Comment
<< Home