Midway seeks $40 million from National Amusements for manufacturing

Cash-strapped Midway is so down in the dumps lately that it has struck a deal for $40 million from National Amusements to help pay for the manufacturing costs of the company's holiday lineup. National Amusements, which owns and operates movie theaters around the globe, will help the company in producing TNA iMPACT!, Blitz: The Leagues II and Mortal Kombat vs. DC Universe.

Midway recently lost a trio of executives and fired around 100 people as it hit losses of almost $70 million in just the first two quarters of this year. Hopefully, the Christmas cash will give the company some bigger spoons for scooping the water out of the ship.

This article was originally published on Joystiq.