Midway Bankrupt

Midway has declared itself bankrupt. The Mortal Combat Series publisher filed for chapter 11 bankruptcy protection. Although that won’t help considering the amount of money they owe to different companies, groups and licenses. 

• Wells Fargo Bank – $150,000,000
• Acquisition Holdings Subsidiary  – $40,000,000 unsecured loan (Thomas is the mystery man who purchased Midway late in 2008)
• National Amusements, Inc. – $20,147,864
• NBA Properties, Inc. – $17,294,849  (License/royalty settlement)
• Tangible Media, Inc. – $8,675,954
• Warner Bros. Interactive – $6,654,203
• Artificial Mind & Movement – $2,000,000
• Epic Games – $1,975,000 (License/Royalties)
• Walmart – $1,576,035
• Far Sight Technologies – $1,279,151
• Best Buy – $1,114,036
• Target – $934,156
• Technicolor Video Services – $637,769
• Toys R Us – $615,276
• Ditan/Synergex Canada – $578,316
• CBS Outernet – $314,600 
• David Zucker – $300,000 (severance pay)
• Multi Packaging Solutions – $287,036
• A.A.F.E.S Headquarters – $276,314
• Kmart – $218,497
• Tigon Studios – $200,000(license/royalties)
• Hollywood Entertainment – $190,982
• TNA Entertainment – $160,000 (license/royalties)
• Professional Films, Inc. – $150,000
• Synergex – Latin America – $149,027
• Pioneer.JB Marketing – $133,353
• Eclipse Advertising – $132,687
• GameStop – $127,250
• Sear, Roebuck – $125,495                                                                                                                                                                                                                                                                                                                                                                                   Good luck with paying all of that off Midway.

Tags: Midway