Midway And Warner Bros. Interactive Entertainment Announce Multi-Platform Publishing Agreement For The Ant Bully

CHICAGO, Illinois, August 4, 2005 - Midway Games Inc. and Warner Bros. Interactive Entertainment today announced a multi-territory publishing agreement that grants Midway the rights to publish interactive games for console, handheld and PC platforms based on the upcoming computer animated motion picture The Ant Bully.

"We are very pleased to be partnering with Warner Bros. Interactive Entertainment to bring The Ant Bully into the interactive space," said Midway president and chief executive officer David F. Zucker. "Midway is looking forward to publishing great games based on this exciting film property for a younger audience of players."

"Being a computer animated film, The Ant Bully will be an exciting property to develop as a game," said Jason Hall, senior vice president of Warner Bros. Interactive Entertainment. "The Ant Bully is a highly anticipated film and we look forward to working with Midway to create dynamic games based on a movie with mass appeal for young gamers."

From director John A. Davis, of the Academy Award-nominated Jimmy Neutron: Boy Genius, produced by Tom Hanks, Gary Goetzman, John A. Davis and executive produced by Keith Alcorn, The Ant Bully is an animated family adventure combining state-of-the-art 3D digital animation with a witty and heartwarming story for children of all ages. The Ant Bully, a Playtone Production, in association with DNA Productions, Inc., features the voice talents of Nicolas Cage, Alan Cumming, Zach Tyler Eisen, Paul Giamatti, Myles Jeffrey, Regina King, Cheri Oteri, Julia Roberts, Meryl Streep, Jake Szymanski, and Lily Tomlin. The Ant Bully is scheduled for a 2006 release from Warner Bros. Pictures.

About Warner Bros. Interactive Entertainment

Warner Bros. Interactive Entertainment Inc., a Warner Bros. Entertainment Company, is a premier licensor and a developer of entertainment content for the interactive space across all current and future platforms, including consoles, PC-based gaming and wireless applications.

About Midway Games

Headquartered in Chicago, IL with offices in San Diego, CA, Seattle, WA, Austin, TX , Los Angeles, CA, Munich, Germany and London, UK, Midway Games Inc. (NYSE: MWY) is a leading developer and publisher of interactive entertainment software for major video game systems. More information about Midway can be obtained at www.midway.com

THE ANT BULLY and all related characters and elements are trademarks of and ® Warner Bros. Entertainment Inc. (s05)

This press release contains forward-looking statements concerning future business conditions and the outlook for Midway Games Inc. (the "Company") based on currently available information that involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of these risks and uncertainties, including, without limitation, the financial strength of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, the upcoming console platform transition and other technological changes, dependence on major platform manufacturers and other risks more fully described under "Item 1. Business - Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2004, and in the more recent filings made by the Company with the Securities and Exchange Commissi! on.

For More Information Contact:

Reilly Brennan

Midway - Media Relations

(773) 961-2557

rbrennan@midway.com

Geoffrey Mogilner

Midway - Investor Relations

(773) 961-2222

gmogilner@midway.com

Remi Sklar

Warner Bros. Interactive Entertainment

818.977.3023

remi.sklar@warnerbros.com