http://kotaku.com/5102225/midway-are-50-days-away-from-bankruptcy
http://www.gamedaily.com/articles/news/midway-nearing-bankruptcy-needs-150-million-in-50-days/?biz=1
So it seems that long time game maker, Midway, is not in the best of shape right now. According to various articles, Midway is in need of $150 million in the next 49 days, or they may have to declare bankruptcy (or potentially worse over time). They also look to possibly default on $240 million in debt. Needless to say, I'm surprised they're not in the "Bailout" line in Washington DC.
Now yes, we all know Midway has a rather roller coaster-like history in terms of game quality. Back in the day, they were one of the premier game makers, releasing classics like Gauntlet, Rampage, and Spy Hunter (not to mention their share of pinball tables under Bally). Later, they had hits like the Mortal Kombat and "Rush" franchises. But over the last ten-plus years, their output hasn't garnered the number of classics that it used to, and it seems the increase in mediocre reviews and/or sales have caught up with them.
They're not likely to vanish, but like a lot of things in today's market, the possibility is there. I grew up playing their classic arcade games, and certainly have fond memories of various console ports/originals. But after watching what happened to other companies in the past like Atari and Sega after rough stretches financially, I do wonder what lies ahead for Midway.
Thoughts or comments?