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.



PS4 sales still strong in August photo






Industry Bull

3:00 PM on 11.10.2014
Ghosts doesn't seem to have hurt Call of Duty: Advanced Warfare sales

Call of Duty: Ghosts was bad, even for Call of Duty.  There was some hopeful schadenfreude that this would impact series sales, that people would maybe realize these games are sort of lame, that the largest entertai...more



8:09 PM on 11.05.2014
Save Ryu from looking generic in Street Fighter IV: A fanboy's top 10 wishes

Editor's note: In an internal staff email us old-timers were just laughing about the absurdity of this super fanboy article I wrote back in 2007 voicing my disgust with the redesigned Street Fighter. I've since grown accustom...more



2:00 PM on 10.31.2014
Iwata explains why New 3DS isn't coming west anytime soon

For those in the US and Europe hoping for a retail launch of Nintendo's New 3DS in the near future, the prospects don't look good. During Nintendo's recent semi-annual financials briefing, president Satoru Iwata explained why...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