Mortal Kombat vs. DC Universe was considered the lifeboat for Midway, but it appears that the fighting game, despite recording some pretty solid sales, didn’t manage to completely save the publishers who have filled for Chapter 11 bankruptcy, according to a Yahoo report. However, this filling does not mean that Midway will close its gates, but rather that the company will continue US business while it restructures.
Even more proof that things are still not as bad as we might see them is the fact that Midway studios outside the United States will continue doing business as usual. But they all certainly need a push up, so their releases in 2009 will probably be vital.
“This was a difficult but necessary decision,” said Midway chief executive Matt Booty. “Midway enters this process with strong underlying fundamentals, as evidenced by solid fourth quarter sales that exceeded expectations in spite of a challenging retail and general economic environment.”
It is reported that things got worse for Midway in November after Sumner Redstone, chairman of Viacom, sold his 87.2 percent stake to private investor Mark Thomas for 12 cents per share.