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Both PS3 and PSP getting new Firmware tomorrow
March 7th, 2008 @ 07:40
Whoops. Midway reported full year financials yesterday for the period ending December 31, posting net revenues of $157.2 million, compared to net revenues of $165.6 million last year, and a cringe-worthy loss of $97.4 million (or $1.07 per share). This is compared to the loss of $77.8 million (or $0.86 per share) in 2006.
Despite the horror, boss David Zucker looked to the future.
“We expect 2008 to be a significant year for Midway, with more front-line releases than 2007, including some ambitious new intellectual properties with broad market appeal, reinvigorated franchises with well-established fan bases, and some new opportunities in the casual games space with console titles and a new casual games portal,” he said. “In the near future we expect to reveal more details on our line-up, such as the recent announcement of This Is Vegas.”
The company also announced that it has ended its $30 million secured credit facility with Wells Fargo Foothill and entered into a new credit facility of $90 million with National Amusements. The money will be used for stuff, you know, like paying people.
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March 7th, 2008 at 8:34 am
Ooh, that stings. Still, This is Vegas will save ‘em. And some more Mortal Kombat.
March 7th, 2008 at 8:36 am
Not pretty, is it?
March 7th, 2008 at 1:06 pm
I guess UT3 didn’t sell as much as expected then.
March 7th, 2008 at 1:20 pm
A 360 version might have helped.
March 7th, 2008 at 4:19 pm
There will be a 360 version or has it been canned?
March 7th, 2008 at 4:32 pm
They say there’ll be a 360 version as soon as Microsoft allow Epic to do mods. At the minute they’re still fighting about whether it’s allowed or not, and Epic seem to be sticking to their ‘no mods, no game’ guns while Microsoft stick to their ‘no unsafe shit on our console if it’s not of our own design’ laser cannons.
March 7th, 2008 at 4:33 pm
This is correct.
March 7th, 2008 at 4:41 pm
I see.