Midway's assets for sale

Discussion in '0th Bit' started by Stupid Dufus, May 28, 2009.

  1. Stupid Dufus

    Stupid Dufus Site Supporter 2017

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    I apologize if this isn't the place for this (should it be in one of the public boards?), but I just received a PR e-mail from Midway that it has announced a date for sale of its assets.

    Think anything good could come from there like with the Acclaim sale years ago? In particular, development and debug hardware and unreleased games? Would anyone like me to post the e-mail here with relevant contact info for interested parties?
     
  2. kammedo

    kammedo and the lost N64 Hardware Docs

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    Definitely a yes for me!Kev is that ok for you?
     
  3. Stupid Dufus

    Stupid Dufus Site Supporter 2017

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    Of note, it seems to be a pretty large-scale (financially) auction with sale of IP and studios being the focus. But perhaps there are people on here with the means to fund a serious bid for some interesting items.
     
  4. karsten

    karsten Member of The Cult Of Kefka

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    interesting. let's hear from kev!
     
  5. ASSEMbler

    ASSEMbler Administrator Staff Member

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    Sure put it up in the main area.

    Is it just IP or assets too?
     
  6. ASSEMbler

    ASSEMbler Administrator Staff Member

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    I looked it over, it looks like they are selling the studios, publishing, and ips separate.

    The studios are being sold as turnkey. It all depends on what happens,
    but the hardware could all go to the blocks if no one buys up the studios.

    I fully expect no one to buy the studios to go for auction.

    The locations are:
    • Midway Studios — Chicago: Midway's original studio that developed all of its arcade video games. However, the studio now focuses solely on titles for home consoles.
    • Midway Studios — San Diego:handled the task of completing the game Rise and Fall: Civilizations at War which was started by Stainless Steel Studios and have also developed, in the past, Gauntlet: Seven Sorrows.
    • Midway Studios — Austin Inc.: Formerly Inevitable Entertainment which was acquired in 2004 by Midway. Responsible for developing Area 51 and its 2007 sequel BlackSite: Area 51. On August 11, 2008, Midway announced it was canceling the game in development at it's Austin location and was laying off between 90 and 130 of the Austin employees.[20]
    • Midway Studios — Los Angeles Inc.: Formerly Paradox Development, acquired in 2004 by Midway. Despite its name, the studio is actually located in Moorpark, California. The studio has developed Mortal Kombat: Shaolin Monks. This studio was featured in Rampage: Total Destruction. Their last game was TNA iMPACT! the video game. As of July 2008, Midway announced plans to close its LA location, and combine the studio with its unit in San Diego.[21]
    • Surreal Software: From Seattle, Washington, this is the only studio that has kept its original name following its acquisition by Midway in 2004. Surreal Software has been credited for developing The Suffering: Ties That Bind.
    • Midway Studios — Newcastle: Midway's only studio located outside the U.S, which operates from Gateshead, south of Newcastle, England. The studio was originally named Pitbull Syndicate before being acquired by Midway in October 2005. Immediately prior to that, Pitbull had finished work on the titles L.A. Rush and Rush for the company.
    So that gives an idea where to look if there's goodies to be had.
     
    Last edited by a moderator: May 29, 2009
  7. Stupid Dufus

    Stupid Dufus Site Supporter 2017

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  8. Parris

    Parris I'm only here to observe...

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    Anyone heard anything about the UK side of this and who might be handling it?
     
  9. mairsil

    mairsil Officer at Arms

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    So, should we open a thread in the "Group Purchases" area? :lol:
     
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