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![Midway Offloading Mortal Kombat (And Screwing Former Employees) [Business]](http://images.dailyradar.com/media/uploads/gamer/story_preview/2009/03/02/midway_offloading_mortal_kombat_and_screwing_forme.jpg)
Mortal Kombat license up for sale, plus crap new finishing move
Destructoid —
... the sale of Midway’s Mortal Kombat franchise assets,” according to court documents. What is Midway without Mortal Kombat. though? Not much, right? And here's a move that will want to make you rip out their spines: It seems that the Midway people selling off these properties (they just sold Wheelman) are paying themselves millions in bonuses, and they're using the cash that was previously promised to canned employees. [Via VG247 and Kotaku]
Scandal! Bonuses for Failure As Midway Bosses Offload Mortal Kombat
Evil Avatar - News Items —
... You can read more over here including scanned copies of the letters being sent to the unfortunate staff.
The longer this court case goes on the more I believe that Midway was just some massive scam. ...
Midway Selling Mortal Kombat, Giving Bonuses
Evil Avatar - News Items —
... We know that Midway has filed for bankruptcy protection and they've got a ton of debt to pay off. Easiest way to do that is to dump IPs to people willing to buy them up. Mortal Kombat is arguably their most valuable asset, so logically it looks like Midway is shopping MK. Funny thing though, even with being in the financial situation they are, they have earmarked almost $4m for executive bonuses. Kotaku: ...
Midway’s Dumps Franchises, Burns Employees
Crispy Gamer | Video Game News, Rumors and Updates —
... “I realize this information and related action will not be well received.” Well isn’t that rich? Will he “realize” that setting aside over $3 million dollars for executive bonuses “will not be well received” by shareholders, former employees and creditors left holding the bag? So what are these bonuses for, exactly? They are bonuses for three major milestones, including the sale of Mortal Kombat, and a plan to reorganise or liquidate the business. thanks, Tech Noir by way of Kotaku Tags: ...
Midway Bankrupcty Woes Continue
Crispy Gamer | Video Game News, Rumors and Updates —
... “I realize this information and related action will not be well received.” Well isn’t that an understatement? Editor’s note: This report was edited for clarity, accuracy and tone. We erroneously reported that Midway had sold the wheelman franchise to Ubisoft when it had in fact signed a co-publishing deal with the company for major territories. It should also be noted that the aforementioned letters have not been validated by Midway as being authentic. thanks, Tech Noir by way of Kotaku Tags: ...
Midway Looking to Unload Mortal Kombat
GameDaily BIZ Features Feed —
... Another goal of the plan was to unload Wheelman , and the deal with Ubisoft essentially did just that, bringing in $497,500. The court documents also show that the company has set aside $3,755,000 in bonuses, to be split amongst Midway's executives for meeting goals laid out in the plan. Where is nearly $4 million coming from if the company has no money? Unfortunately, Midway's laid off employees may not actually be paid the remainder of their accrued PTO (paid/personal time off), Kotaku has reported.
Midway to Sell Off Mortal Kombat?
The Escapist : Latest News —
... to find someone to buy off your most storied and well-known franchise? C.) Do both? The answer, as you might have guessed, is C. Recently-leaked court documents surrounding Midway's fight to keep its head above water have shed some light on the publisher's desperate plans. The company has set aside almost $4 million USD, to be divided amongst executives and managers if the company succeeds in meeting target goals. Where is a recently-bankrupt company finding that much money? Why, by reneging on a promise to pay ex-employees the remainder of the PTO (that's Paid Time Off, for ...
Mortal Kombat for Sale
Edge Online - Interactive Entertainment Today —
... The heftier bonuses pertain to the sale of the Mortal Kombat franchise. For a bonus of nearly $1.3 million, Midway would have to either enter an agreement to sell the storied fighting franchise or submit a reorganization plan that would allow Midway to continue as a going concern. Eligible employees would divide another bonus of nearly $2 million for confirming a plan of reorganization or liquidation or the actual closing of a sale of Mortal Kombat. Vacation pay revoked? A Monday Kotaku report cited purported letters to a recently laid off Midway employee who pointed out that ...
Mortal Kombat Sale, Ex-Midway Staff Suffer
Blue's News —
Kotaku reports that Midway is so eager to capitalize on its remaining assets that it has set aside $3.75 million for bonuses to be paid to Midway upper management if certain goals are met in selling them off. They state that court documents how almost a half-million dollars in perks were picked up through ...
The Daily GameDev.Net
GameDev.Net —
... and they are selling the Mortal Combat IP . I'm guessing there's something I'm missing here, so perhaps if you know, you can enlighten me? Want to make sure you have a DSi next Christmas? Nintendo is telling you to buy early. A GIBiz article points out that ...
![An Early Look At The Warhammer 40K MMO [PC]](http://images.dailyradar.com/media/uploads/gamer/story_preview/2009/12/01/an_early_look_at_the_warhammer_40k_mmo_pc_1.jpg){kind=small}
