Midway (Page 5)

Midway Games continues to post quarterly losses, with the publisher suffering a US $22.2 million (EUR 17.3 million) loss for the quarter ended September 2007, an improvement over the US $29.1 million (EUR 22.7 million) loss from the same period last year.

With Sony continuing to come under fire from critics over its Blu-ray strategy, the Japanese giant's next-generation DVD technology has received a boost from Midway boss David Zucker.

Midway has completed the private placement of USD 75 million of convertible notes as part of its strategy to become a "top tier" publisher during the next console cycle.

Midway has posted its Q1 financial results, showing a loss of USD 22.6 million, but gained a marginal revenue increase of 11 per cent compared to the same period in 2005.

Midway has posted its Q4 and 2005 full-year financial results, revealing a decline of almost ten per cent in net revenues for the quarter and a loss of USD 112.8 million for the year ended December 31st.

Midway Entertainment has confirmed that development on recently closed Stainless Steel Studio's ambitious RTS title will be completed internally, quashing rumours regarding the closure of its San Diego studio.

Midway has placed a filing with the SEC which confirms that the publisher and developer plans to introduce a series of job cuts which will reduce its global workforce by as much as 11 per cent.

Just four months after Midway Games acquired Adelaide-based developer Ratbag, renaming it Midway Australia, the publisher has shut the studio down in a move that leaves more than 70 people jobless.

Following the recent reports of Stainless Steel Studios closing its doors, software publisher Midway Games has released an official statement confirming the news.

Chicago-based Midway Entertainment has announced its Q3 financial results, which show net losses in line with the company's recently revised guidance on both the quarter and the full fiscal year results.

Publisher Midway has been forced to drop its financial targets for the third quarter and the full year significantly after titles including The Suffering: Ties That Bind and LA Rush failed to meet sales expectations.

Midway has acquired UK-based The Pitbull Syndicate to work on future racing games in a primarily stock-based transaction.

US publisher Midway Games has announced that initial purchasers in its private offering of USD 65 million of 6 per cent convertible senior notes have exercised their option to buy another USD 10 million principal amount of notes.

Publisher Midway Games has missed its already low guidance for the June quarter, posting a loss of $29.9 million on revenues which slid over $10 million from last year's figure to just $36.9 million.

Popular broadcaster MTV is set to make a drive into the videogames market with a pair of new initiatives, including the launch of a new MTV Games division and a three-game partnership with Midway on marketing and soundtracks.

US publisher Midway has confirmed that it intends to support Microsoft's Xbox 360 console in future despite having no software ready for the system's Q4 launch, with seven titles for the platform currently in development.

David Zucker, CEO of resurgent publisher Midway Games, has revealed that the company's next-gen strategy includes releasing titles to support the launch of PlayStation 3, but not Microsoft's Xbox 360.