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Viewing Post from Friday Oct 17, 2008

Midway Drops "Non-Core Licenses"

Yesterday Midway posted a press release on their website, stating that they have terminated their "Non-Core Licenses", resulting in the cancellation of future versions of game properties to which they had publishing deals. What could this mean for Unreal and Epic?

"The resolution of these licensing arrangements on good terms for the company is a very positive step as we continue to review Midway's involvement with underperforming projects and focus on our core properties," said Matt Booty, interim CEO and president. "Our fall lineup and strong pipeline of games that tie in to market-leading licenses like DC Comics and TNA Wrestling underscore our strategy of aligning with consumer and entertainment properties that can drive a solid gaming experience."