Quantcast
THQ to buy Midway San Diego for $200,000, TNA not included - Destructoid




Game database:   #ABCDEFGHIJKLMNOPQRSTUVWXYZ         ALL     Xbox One     PS4     360     PS3     WiiU     Wii     PC     3DS     DS     PS Vita     PSP     iOS     Android


THQ to buy Midway San Diego for $200,000, TNA not included


6:00 AM on 08.11.2009
THQ to buy Midway San Diego for $200,000, TNA not included photo



I don't tend to get interested in the "business" end of gaming -- stock prices, mergers, hostlie takeovers, etc. I don't know a lot about business or economics and I'd rather be talking about actual games. However, I've been trying my best to follow Midway's downfall because I happen to have a soft spot for the much-beleaguered company. It probably stems from playing way too much Mortal Kombat as a kid, and way too much Blitz as a bigger, college-aged kid.

Unfortunately, it seems that the Midway saga has come to an end. "Substantially all" of the last Midway studio -- in San Diego -- is being bought by THQ, according to The Chicago Tribune, for a paltry $200,000. I don't know how much game studios generally cost, but I do know that $200,000 is nothing compared to the $49 million that Warner Brothers paid for the rest of Midway. Midway Newcastle, another studio left out of Warner Bros.' offer, closed a few weeks ago, making them the only studio to fall through the cracks.

Midway made a filing with the Securities Exchange Commission last Friday which stated that THQ is offering jobs to about 40 of Midway San Diego's 100 employees and may interview and hire more. The THQ buyout is still pending approval by the judge overseeing Midway's Chapter 11 bankruptcy hearings.

So, what does this mean for gamers? Well, THQ won't get the rights to Midway's TNA wrestling series (just the employees that made them). Given that THQ already owns the WWE license, having the rights to TNA would probably constitute a conflict of interest. Interestingly, Warner Bros. and THQ have agreed to share some of Midway's old intellectual properties, but I have no idea how that will play out.

While this seals Midway's fate, this news creates more questions than it answers: what will happen to the TNA license? How are Warner Bros. and THQ going to share IPs? And are any Midway games even relevant enough for us to care?

[Via Edge]






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.






Industry Bull

8:00 PM on 01.27.2015
EA had a 'record-breaking' quarter behind Dragon Age

It was a given that Dragon Age: Inquisition was going to be a big hit for both Electronic Arts and BioWare. That's a no-brainer for the conclusion to a triple-A trilogy. But, even the publisher seems to be taken a bit ab...more



7:45 PM on 01.27.2015
'I love this game. It's sooo awesome!'

Techland did its best to hold off on handing out Dying Light review codes until the day before release. That's never good. But Techland doesn't need to cherry pick reviews for box quotes when it can pay for them. No, this is the future. And the future is sooo awesome!more



1:00 PM on 01.27.2015
Joystiq is reportedly shutting down

I stayed in bed longer than I should have this morning. It was an unlikely occurrence because I woke up rejuvenated and feeling great, ready to take on the world. As I lay in bed and opened Twitter on my phone, I was hit by a...more



View all Industry Bull






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more