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By Steven Perdikis - Fri Jul 3, 2009 1:55pm
Earlier this week, it was reported that Warner Bros. Interactive Entertainment were the only company to have made a bid on the properties of Midway Games. Today, it has been noted that the Delaware Bankruptcy Court has approved the deal, with the presiding judge also waiving the standard ten-day wait for such a deal.
For a price of US$33 million, Warner Bros. Interactive Entertainment will acquire the Midway properties Mortal Kombat, and The Wheelman, and the studios attached to each property.
For a price of US$33 million, Warner Bros. Interactive Entertainment will acquire the Midway properties Mortal Kombat, and The Wheelman, and the studios attached to each property.
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By Steven Perdikis - Tue Jun 30, 2009 11:06am
Last year, the financially unstable Midway Games was purchased by a private investor for the tiny sum of US$100,000, with around US$70 million of debt attached.
Since then, the company has gone bankrupt and the administrators of the company have been seeking buyers for the company's property. Some time ago, the bidding process for the company began, and several firms and game publishers expressed interest in purchasing the property of Midway, minus the debt, which is currently being addressed by a bankruptcy court in Delaware.
The deadlines for bids to buy Midway has now passed, and there's just one bidder, who wish to purchase select parts of the company. This company is Warner Bros. Interactive Entertainment, who have offered some US$33 million for a selection of the Midway's assets.
Since then, the company has gone bankrupt and the administrators of the company have been seeking buyers for the company's property. Some time ago, the bidding process for the company began, and several firms and game publishers expressed interest in purchasing the property of Midway, minus the debt, which is currently being addressed by a bankruptcy court in Delaware.
The deadlines for bids to buy Midway has now passed, and there's just one bidder, who wish to purchase select parts of the company. This company is Warner Bros. Interactive Entertainment, who have offered some US$33 million for a selection of the Midway's assets.
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By Steven Perdikis - Mon May 11, 2009 10:17am
Those who've picked up picked up The Wheelman, and have finished the story, and strangely want more, will be happy to know that Tigon Studios, along with Midway and Ubisoft have announced that new downloadable content is available for the title via the Xbox LIVE Marketplace, and the PlayStation Network.
The downloadable content introduces several new showdown side-missions, which are bound to entertain people for some measure of time. There's a "free" pack, and a premium pack. The "free" pack adds one showdown, while the Premium pack adds five free showdowns.
The downloadable content introduces several new showdown side-missions, which are bound to entertain people for some measure of time. There's a "free" pack, and a premium pack. The "free" pack adds one showdown, while the Premium pack adds five free showdowns.
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By Matt Keller - Wed Mar 25, 2009 6:30pm
The last week of March is upon us, which means the flow of new video game releases is going to slow to a trickle over the next couple of weeks, though we’ve got a few promising games due throughout April. The game publishers of the world are intent on giving March a good send off with Resistance Retribution for the PSP, The Wheelman for the Xbox 360, PS3 and PC, MadWorld for the Wii and Puzzle Quest: Galactrix for the PC and DS headlining this week’s new releases.
Don’t forget to check out the full release schedule for the latest changes and information on upcoming games.
Don’t forget to check out the full release schedule for the latest changes and information on upcoming games.
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By Steven Perdikis - Tue Mar 24, 2009 4:43pm
Midway have released a new trailer for what could be their last title - The Wheelman. To be released in conjunction with Ubisoft, the open-world stunt racer which stars Vin Diesel will drive through store barricades on the 26th of March, with it to be available on the PC, PlayStation 3 and the Xbox 360.
The new trailer shows off some of the more intense action sequences in the game - and involves many depictions of a cat-like Vin Diesel leaping from vehicle to vehicle, with impressive grace and accuracy, while removing the former occupant of the vehicle and then continuing to drive, all within several breathtaking moments.
The new trailer shows off some of the more intense action sequences in the game - and involves many depictions of a cat-like Vin Diesel leaping from vehicle to vehicle, with impressive grace and accuracy, while removing the former occupant of the vehicle and then continuing to drive, all within several breathtaking moments.
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By Steven Perdikis - Fri Mar 13, 2009 10:22am
Midway have announced that Tigon Studios have completed work on The Wheelman, which is currently scheduled for release on the 26th of March on the PC, PlayStation 3 and the Xbox 360. While Midway's financial woes aren't likely to be solved by The Wheelman - the title is the publisher's only current, major project that could see the company receive an injection of cash.
In The Wheelman, players assume the likeness of Vin Diesel, who is a driver for hire. While completing "Hollywood-style stunts", and experiencing a "gripping storyline", players will speed their way through the underworld of Barcelona, gathering intelligence regarding a covert-hiest.
In The Wheelman, players assume the likeness of Vin Diesel, who is a driver for hire. While completing "Hollywood-style stunts", and experiencing a "gripping storyline", players will speed their way through the underworld of Barcelona, gathering intelligence regarding a covert-hiest.
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By Brenna Hillier - Sat Mar 7, 2009 11:20am
The universe has decreed that two action film tie-in titles will be released within a few weeks of each other. It must be more than a coincidence that they both start with "W", and who am I to argue with destiny? Not only do I have some details on the newly released demos of these delicious cinematic spin-offs, I thought I'd continue with the movie theme and offer you up a trailer each for Wanted: Weapons of Fate and The Wheelman.
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By Steven Perdikis - Tue Mar 3, 2009 9:30am
The financial woes of Midway Games has led the company to a difficult crossroads, with it today announcing that the Mortal Kombat rights are now for sale. While the company has filed for bankruptcy, the sale of the Mortal Kombat intellectual property could make several of twenty nine eligible employees at the American arm of the publisher very happy.
Midway have filed a court motion that would see employees who successfully achieve a set of milestones able share in some US$3,755,000 in bonuses. Of the three milestones, one has already been achieved - with Ubisoft to publish The Wheelman.
The other two milestones relate to sale of the Mortal Kombat assets, submission of "a plan of reorganisation", or "confirmation of a plan of reorganisation or liquidation".
Midway have filed a court motion that would see employees who successfully achieve a set of milestones able share in some US$3,755,000 in bonuses. Of the three milestones, one has already been achieved - with Ubisoft to publish The Wheelman.
The other two milestones relate to sale of the Mortal Kombat assets, submission of "a plan of reorganisation", or "confirmation of a plan of reorganisation or liquidation".
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By Steven Perdikis - Fri Feb 20, 2009 11:00am
With the American operations of Midway Games currently in dire straits, concerns regarding the publication of The Wheelman have been raised. The game, which is developed by Tigon Studios can be considered the only major project Midway currently have under way.
With no means to publish the title at the present time, Midway have entered a strategic relationship with Ubisoft Entertainment. The relationship will see Ubisoft publish, market, and distribute the game in North America, South America, Australia, New Zealand, France, Germany, Austria, Ireland and the United Kingdom.
With no means to publish the title at the present time, Midway have entered a strategic relationship with Ubisoft Entertainment. The relationship will see Ubisoft publish, market, and distribute the game in North America, South America, Australia, New Zealand, France, Germany, Austria, Ireland and the United Kingdom.
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By Steven Perdikis - Fri Feb 13, 2009 12:00pm
Midway Games have announced that the company and its American subsidiaries have filed for "Chapter 11 Reorganisation" - effectively stating that the company is Bankrupt in the U.S. Operations by Midway outside of the U.S. will continue as normal.
Late last year, a majority stake in company was snapped up for US$100,000 with debts estimated to be valued at US$70 million. The company anticipates that its restructuring will allow the business to survive the bankruptcy filing and financial struggles.
Late last year, a majority stake in company was snapped up for US$100,000 with debts estimated to be valued at US$70 million. The company anticipates that its restructuring will allow the business to survive the bankruptcy filing and financial struggles.
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By Matt Keller - Sun Dec 7, 2008 8:52am
2008 is beginning to wrap up; the last major releases of the year are on shelves, and the industry is preparing to take a breather. Normally, we’d have quiet time until February, but a quick look ahead suggests that the releases will be rolling out from mid-January. At this stage it looks like Capcom is going to rock the quarter after having held their big guns off from the holiday rush - Bionic Commando, Resident Evil 5 and Street Fighter IV are all set for release in the first ten weeks of the year.
This week the Warp Pipe will look at the downfall of Midway, and investigate how they can rebuild and move forward.
This week the Warp Pipe will look at the downfall of Midway, and investigate how they can rebuild and move forward.
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By TheMeadow - Tue Aug 26, 2008 11:27pm
With the Leipzig Games Connection coming to an end, we have still been getting in some amazing trailers for some great looking games coming up. With so many trailers out this week, I decided to include a special mention to some of the others that were impressive. So bring it on!
Some of the trailers this week are a little bit sacred and just end too quickly. You might need a wheel for a couple of them or know their origins, be it ancient dragons or future projects. But you can just sit back and enjoy watching the storm.
Some of the trailers this week are a little bit sacred and just end too quickly. You might need a wheel for a couple of them or know their origins, be it ancient dragons or future projects. But you can just sit back and enjoy watching the storm.
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By holo` - Tue Jul 15, 2008 4:15pm
You can be forgiven for thinking that little information exists regarding one of Midway's offerings known as The Wheelman. Despite the fact that the title was originally announced way back during E3 in 2006, not much has come to light since then.
... Fast forward to now and the E3 Media & Business Summit and we've managed to pilfer a fact sheet along with some shiny new screenshots.
The Wheelman is a collaboration between Midway, Tigon Studios and Paramount Pictures. Vin Desel stars as the central character to both game and film (with the film to be a sequel to the game) as an undercover agent and driver for hire.
... Fast forward to now and the E3 Media & Business Summit and we've managed to pilfer a fact sheet along with some shiny new screenshots.
The Wheelman is a collaboration between Midway, Tigon Studios and Paramount Pictures. Vin Desel stars as the central character to both game and film (with the film to be a sequel to the game) as an undercover agent and driver for hire.
[ READ MORE ]
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