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Midway loses $28 million in Q4 2007

Deathman48 | March 07, 2008 | News | PC Playstation 3 
Midway have announced losses of almost $30 million for Q4 2007, up from $2 million in Q4 2006. However the company says that after a rough quarter they've set themselves up for a smoother 2008. They did also mention that UT3 gave their figures a good shot in the arm, as well as taking home some awards. Now that "technological hurdles" have been overcome, the company says they're ready to tackle this year. By that they probably mean getting used to all the new power available in systems as well as the high definition format.
Full year sales reached $157.2 million, down slightly from the prior year's $165.6 million, with $97.4 million in losses, up from the 2006 losses of $77.8 million. Looking forward to its first quarter ending March 31st, Midway expects sales of $28 million.
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  • 0 thumbs!
    Jai Poke Manic | March 07, 2008
    Wow isn't that a bit to much oney to lose.
  • 0 thumbs!
    Slumpy monkey | March 07, 2008
    Hmm IM sure they can recoupe it in the long run. But its defenetly goint to hurt them for now.
  • -2 thumbs!
    devil link | March 07, 2008
    Did Midway ever make any good games anyway?
    • 1 thumbs!
      Raziel_326 | March 07, 2008
      Oh, gee, I don't know. Maybe... Mortal Kombat?
    • 1 thumbs!
      StabWound | March 08, 2008
      Ms. Pac-Man, Doom 64, Unreal Tournament 3, Gauntlet...
      • 0 thumbs!
        Slumpy monkey | March 08, 2008
        They didnt make UT3 epic games did
        • 1 thumbs!
          StabWound | March 08, 2008
          Epic Developed it, Midway published it.
  • -3 thumbs!
    devil link | March 07, 2008
    I never thought that was good..
    • 4 thumbs!
      Deathman48 | March 07, 2008
      That's down to personal opinion, but Mortal Kombat is definitely one of their most successful games and there's no disputing that.
  • 0 thumbs!
    Storm | March 08, 2008
    Who can dislike Shaolin Monks, anyways? Make a sequel Midway!
  • 0 thumbs!
    devil link | March 08, 2008
    Lol i just think the controls for Mortal Kombat are way to simple.
    • 0 thumbs!
      ali3n | March 08, 2008
      What the *bleep* are you on about? Simple controls are normally a plus for fighting games.
    • 3 thumbs!
      Deathman48 | March 08, 2008
      Maybe they are a bit simple, but there's no denying that the series is one of the most famous in the world, it's easily recognisable and almost iconic. That's no mean feat to achive however you look at it.
  • -2 thumbs!
    devil link | March 08, 2008
    @Alie3n
    Dude on Tekken you press more than Square to attack.. -.-.
    • 1 thumbs!
      ali3n | March 08, 2008
      For MK you press more than square as well. Have you even played any of the games on the consoles?

      Also there's no e in my name.
  • -2 thumbs!
    devil link | March 09, 2008
    Well w/e IDC MORTAL KOMBAT SUCKS!
  • 0 thumbs!
    J Bro | March 10, 2008
    Damn Midway, what is with the money loss. You are supposed to make the first ever TNA video game. lol

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