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- Midway Gets Wiggle Room with New Forbearance Agreement
- Seth Gilbert submits: Much is relative. Last week was bad for Circuit City; on a comparative scale, not so much for gamer Midway Games MWY. Despite the crippling pressure of massive lingering debt potentially due ahead of its time, the company managed to do what the big retailer...
- External links 2009-02-13
- Will Midway's Employees Choose to Jump Ship or Right the Ship?
- Seth Gilbert submits: A talented staff can be a company’s greatest asset but in tough times it can also be a significant liability. It comes down to motivation and retention. Can employees be kept happy and on the job or will they flee to a more stable, more...
- External links 2009-04-07
- Midway Games Loses the Fight, Files for Bankruptcy
- Seth Gilbert submits: Midway Games MWY fought the good fight, twice extending debt repayment deadlines, but ultimately extensions weren’t a solution. With time again running out, today the company gave in and sought the protection of Chapter 11 bankruptcy. The full court document is embedded below Midway had been under...
- External links 2009-02-13
- Midway Creditors Cry Foul Play over Approval of Bankruptcy Motions
- Seth Gilbert submits: Over the concerns of some lenders, Tuesday Midway Games got a green light from the US Bankruptcy Court for the District of Delaware to continue to run its U.S. operations as usual as it moves forward. The authorization for the “first day motions” will allow the ...
- External links 2009-02-18
- Activision Beats Gibson in Guitar Hero Patent Case
- Seth Gilbert submits: The Gibson Les Paul is an icon. Bob Marley was entombed in a mausoleum with his. Duane Allman used one. Slash, the Edge, Mick Jones, Jimmy Page, Keith Richards, Neil Young, Paul McCartney – some of the biggest names in Rock have played it. It’s no surprise,...
- External links 2009-03-03
- Midway Games' Bankruptcy: More to the Story Than Meets the Press
- Seth Gilbert submits: Monday, several stories seizing on a blog post from Gawker Media’s Kotaku suggested struggling Midway Games MWY might be in the process of selling off its Mortal Kombat game franchise. Several of the articles (on the basis of part of the story, as well) also...
- External links 2009-03-04
- Will Activision's World of Warcraft Successfully Make the Crossover to Film?
- Seth Gilbert submits: Electronic Arts ERTS has an agent, movie project and deals with Steven Spielberg and Zack Snyder. MTV Games is tied up with Jerry Bruckheimer. James Cameron is working with Ubisoft (UBSFY.PK). Activision Blizzard ATVI now has Sam Raimi, well, sort of. Activision...
- External links 2009-07-24
- Ubisoft Blames Weak Q1 on Market Conditions, Sales Trends
- Seth Gilbert submits: Amidst solid annual earnings last April, French game publisher Ubisoft (UBSFY.PK) waved a caution flag and warned its year over year sales results would likely slip for the quarter ended June 30th. Maybe they should have grabbed a megaphone to broadcast the revenue warning too. Monday,...
- External links 2009-07-28
- THQ Inc. Fights to Strong Q1
- Seth Gilbert submits: THQ Inc. THQI is a company still at work turning itself around but the waypoints along the trail show its clearly making progress and moving in the right direction. A day after winning an arbitration ruling over Jakks Pacific, the Agoura Hills...
- External links 2009-07-29
- Disney Adds Gaming Software Talent to Latest Acquisitions
- Seth Gilbert submits: Mickey is looking for some new ideas and the talent to develop them. He’s not scared to pay to get either. Just about a week after shelling out $4b to buy Marvel Entertainment, Disney DIS has dug into its acquisition coffers again,...
- External links 2009-09-09
- Activision Builds on Guitar Hero Brand Strength with New Releases
- Seth Gilbert submits: Guitar Hero has been a goldmine for Activision Blizzard ATVI. The popular music game franchise has generated more than $2b in sales and pushed out 34 million song downloads. Looking to build on the brand’s strength while expanding the franchise’s demographic reach, the company has confirmed a...
- External links 2009-05-08
- Will an Overflow of Sequels Dilute the Music Video Game Genre?
- Seth Gilbert submits: Last week, Activision Blizzard ATVI confirmed several rumors about its planned slate of music-based video games including verification that the next single-band installation of Guitar Hero would revolve around the 80’s superstar rockers, Van Halen. (The band had more Billboard Hot 100 hits than any...
- External links 2009-05-12
- Midway Creditors Attack Board: Shrewd Dealings or Illegal Manipulation?
- Seth Gilbert submits: Bankruptcies are rarely a lender’s friend. They’re a worst case scenario that often means a best outcome of pennies returned on the dollars of investment. Midway Games' MWY ongoing bankruptcy process has been a demonstration in point. Triggered by debt covenants and a sketchy...
- External links 2009-05-15
- THQ's Online Role-Playing Studio Sold Amid Pressing Financial Troubles
- Seth Gilbert submits: As a pro baseball player, Curt Schilling made his mark as a starting pitcher. Though there were a few transitional years early in his career spent as a reliever, over twenty years, the majority of time he entered a game, it was from the beginning. Schilling...
- External links 2009-05-28
- Microsoft's Project Natal Will Impact Far More than Video Games
- Seth Gilbert submits: It’s hard to call the Beatles an opening act. But if the Paul McCartney and Ringo Starr assisted demonstration of the Beatles Rock Band game was the warm up, than Microsoft’s MSFT demonstration of new motion control technology was the headlining main event at...
- External links 2009-06-03
- Ubisoft Takes Massive Off Activision's Hands
- Seth Gilbert submits: When a couple moves in to live together, the old wagon-wheel coffee table or never worn clothes get tossed. Some things just don’t fit together. Others have to go to make room for the new. The same process applies to corporate mergers. Overlapping jobs or assets that...
- External links 2008-11-12
- EA Sued Twice More over Use of DRM Technology
- Seth Gilbert submits: In early September, EA ERTS began selling the highly anticipated PC game title, Spore, around the globe. The ambition was huge, the hype enormous. Spore was to be a “sure thing” hit. So far, it’s lived up to that expectation. The game is the top seller...
- External links 2008-11-12
- Sumner Redstone Drops Midway Entirely
- Seth Gilbert submits: Sumner Redstone has often shown a deft hand in his media investments. Gaming just hasn’t been his thing. Through 2005, he acquired about 87% of Chicago area gamer, Midway MWY. The average purchase price was probably close to $8 a share but, over several years...
- External links 2008-12-02
- Midway's Debt Situation Is Clearly Going from Bad to Worse
- Seth Gilbert submits: Last week, Sumner Redstone sold his majority stake in Midway Games MWY at a substantial loss. He took $100,000 and the assumption of debt in trade for an investment he spent more than $500m accumulating. The decision, many believe, was made in part to...
- External links 2008-12-07
- EA?s Riccitiello Talks DRM, Ads and the Economy
- Seth Gilbert submits: Like many high profile corporate executives, EA’s CEO John Riccitiello has his share of fans and critics. They exist among gamers and stock watchers alike. Some support his stewardship of the gaming company. Other’s can’t stand it. Regardless of perspective, one thing that’s hard to argue about...
- External links 2008-10-16
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