Midway owes millions to Epic, NBA, Warner Bros and many more

By Alexander Sliwinski

GamePolitics went digging through Midway's Chapter 11 bankruptcy records and found the company has $281 million in liabilities, with only $167 million in assets. The real eye opener, however, is the list of Midway's top 30 creditors. Just a small sampling:

  • Wells Fargo Bank – $150,000,000
  • National Amusements, Inc. – $20,147,864 (Which most recently paid the manufacturing costs of Midway's holiday lineup.)
  • NBA Properties, Inc. – $17,294,849 (Licensing and royalty fees)
  • Warner Bros. Interactive – $6,654,203
  • Epic Games – $1,975,000 (Licensing and royalty fees — perhaps for for Unreal Tournament?)

The list goes on, check out the full roll at GamePolitics. Although there's a lot to snicker about in the full list, nothing really beats the $300,000 in severance pay to former CEO David Zucker — the man who helped run the company into the ground. Then again, a lot of execs got rich at Midway while the company fell apart.

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