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Sumner Redstone, his daughter Shari (a former Midway board member, mind you) and the mysterious Mark Thomas are all being sued, among others, by the various creditors that a nearly penniless Midway owes money to. Gamasutra obtained a copy of a 29-page lawsuit, detailing the alleged financial libert...

May 12th 2009 at 6:00pm 0 Comments
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Embattled Midway is back in court, with creditors asking for the head of majority stockholder (and mystery man) Mark Thomas. And Judge Kevin Gross seems inclined to side with the creditors, as bankruptcy proceedings go forward and he calls out former Midway owner National Amusements, Inc. (and it's...

April 21st 2009 at 1:33pm 0 Comments
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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 prod...

September 22nd 2008 at 11:40am 0 Comments
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Following yesterday's public resignation of Midway CEO David Zucker (no, not that David Zucker), Variety crunched the video game publisher's numbers after media titan Sumner Redstone's acquisition of the company in 2004. At that time, Redstone said, "Midway is clearly a second-tier producer, but it...

March 21st 2008 at 10:01pm 0 Comments