The Mortal Kombat franchise has been in a hesitant limbo ever since its creator, Midway Entertainment, filed for bankruptcy and its rights to the series absorbed by Warner Brothers. But a new trailer, dubbed “Mortal Kombat: Rebirth,” hit the internet today that, while seemingly not building up hype for a new game, hints at a […]
After finally gaining legal grounds for bankruptcy, Midway Entertainment has been finalizing all its old debt with its many creditors and holders. The biggest settlement of note is former majority stakeholder Sumner Redstone, Chairman of Viacom. An suit was originally filed against the media mogul for supposed “harm to the company” his stock sale did, […]
Midway Games has been in the process of bankruptcy for a while now, since their declaration in February of last year, to be precise. But progress has been made, as the company has just recently won court approval for asset liquidation last Friday by U.S. Bankruptcy Judge Kevin Gross. The company has already sold the […]
Image Courtesy of Crave Online What Midway Games was hoping would start a high-price bidding war between companies turned out to be their only shot at purchase when Warner Brothers Interactive Entertainment’s late-May bid of $33 Million turned out to be the studio’s only offer. Rumors and reports abound about many developers and publishers waffling […]