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TheDemon
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Registered: Aug 2002
Location: Dark Sector World!
Midway files for Chapter 11 Bankruptcy

Source: http://www.joystiq.com/2009/02/12/m...for-chapter-11/


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Old Post Feb-12-2009 19:28  Canada
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Cpt.Cocaine
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Registered: Dec 2008
Location: Montreal, Quebec

Who else isn't surprised?


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Old Post Feb-12-2009 20:29  Canada
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miamitranceman
Extreme tranceaddict



Registered: Nov 2004
Location: Miami

Not surprised but kinda sad anyway.


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Old Post Feb-12-2009 22:25  United States
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CONNERMAN2000
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Registered: May 2004
Location: Drifting Towards the Music

I've always had a soft spot for Midway. Even though the company hasn't done much special recently (though I gotta admit, I'm absolutely loving MK vs. DC when playing against somebody that isn't the computer), back in the day, it was all about Hangtime, Showtime, and Blitz...all Midway creations.

Hopefully they get out of this funk they are in.


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Old Post Feb-13-2009 01:29  United States
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miamitranceman
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Registered: Nov 2004
Location: Miami

Don't forget KI and the Cruisin' series. Say what you will about them, but they were some of the most popular arcade games about a year or two before the N64 dropped.


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Old Post Feb-13-2009 15:57  United States
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TheDemon
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Registered: Aug 2002
Location: Dark Sector World!

quote:
Originally posted by miamitranceman
Don't forget KI and the Cruisin' series. Say what you will about them, but they were some of the most popular arcade games about a year or two before the N64 dropped.


KI is still awesome. but sad for Midway, hopefully they can get out of this.


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Old Post Feb-13-2009 16:25  Canada
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CONNERMAN2000
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Registered: May 2004
Location: Drifting Towards the Music

quote:
Originally posted by miamitranceman
Don't forget KI and the Cruisin' series. Say what you will about them, but they were some of the most popular arcade games about a year or two before the N64 dropped.


As a kid, I seriously thought Cruisin' USA in the arcades was the best game ever. I loved the N64 version as well, but of course, the arcades always did it better.

They REALLY need to bring Killer Instinct back. I'm betting it would be received really well.


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Old Post Feb-13-2009 18:29  United States
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KiNeTiC ENeRgY
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Registered: Oct 2003
Location: Boca Raton

Karnov for NES, 1942, 1943

Old Post Feb-13-2009 19:02  United States
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biznology
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Registered: Dec 2000
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Killer Instinct was made by RARE, who also hasnt made much new/groundbreaking in years.

Midway just published it. Midway's games were generally just arcade ports to consoles, like Rush (which was pretty cool too)|


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Old Post Feb-13-2009 19:50  United States
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CONNERMAN2000
Slick & Suave



Registered: May 2004
Location: Drifting Towards the Music

Ahh yes, my bad, KI was a Rare property. So if we see it again, it'll be on the 360.


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Old Post Feb-13-2009 19:52  United States
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miamitranceman
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Registered: Nov 2004
Location: Miami

quote:
Originally posted by biznology
Killer Instinct was made by RARE, who also hasnt made much new/groundbreaking in years.

Midway just published it. Midway's games were generally just arcade ports to consoles, like Rush (which was pretty cool too)|


That's true.

Good call on Rush...another gem.


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Old Post Feb-13-2009 20:48  United States
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TheDemon
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Registered: Aug 2002
Location: Dark Sector World!

quote:
Here is a List of Bankrupt Midway's Creditors Revealed:

Following yesterday's announcement of a bankruptcy filling, GamePolitics has obtained the list of Midway's top 30 creditors. In plain English: the companies Midway owes money to.

* Wells Fargo Bank - $150,000,000
* Acquisition Holdings Subsidiary - $40,000,000 unsecured loan (Thomas is the mystery man who purchased Midway late in 2008)
* National Amusements, Inc. - $20,147,864
* NBA Properties, Inc. - $17,294,849 (License/royalty settlement)
* Tangible Media, Inc. - $8,675,954
* Warner Bros. Interactive - $6,654,203
* Artificial Mind & Movement - $2,000,000
* Epic Games - $1,975,000 (License/Royalties)
* Walmart - $1,576,035
* Far Sight Technologies - $1,279,151
* Best Buy - $1,114,036
* Target - $934,156
* Technicolor Video Services - $637,769
* Toys R Us - $615,276
* Ditan/Synergex Canada - $578,316
* CBS Outernet - $314,600
* David Zucker - $300,000 (severance pay)
* Multi Packaging Solutions - $287,036
* A.A.F.E.S Headquarters - $276,314
* Kmart - $218,497
* Tigon Studios - $200,000(license/royalties)
* Hollywood Entertainment - $190,982
* TNA Entertainment - $160,000 (license/royalties)
* Professional Films, Inc. - $150,000
* Synergex - Latin America - $149,027
* Pioneer.JB Marketing - $133,353
* Eclipse Advertising - $132,687
* GameStop - $127,250
* Sear, Roebuck - $125,495


Source: http://news.teamxbox.com/xbox/18885...itors-Revealed/


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Old Post Feb-16-2009 01:30  Canada
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TranceAddict Forums > Archives > Classic old threads / Inactive Forums > Retired Forums > Gaming Forum > Midway files for Chapter 11 Bankruptcy
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