Acquires Midway Games
In a move which could net Warner Bros. Pictures some potential future video game movies, Variety reports the studio picked up most of Midway Games’ assets in bankruptcy court for the firesale price of $33 million, giving the studio rights to Mortal Kombat, Spy Hunter, Joust and several other game franchises. The latest deal comes on top of Warner Bros. taking over the rights to the Lord of the Rings game rights earlier this year.
A Delaware bankruptcy court judge game of war fire age cheats hack OK’d the deal last week, saying that the objections to the transaction had been resolved. Midway filed for bankruptcy protection earlier this year. Sumner Redstone had sold his 87% stake to Mark E. Thomas last year for only $100,000 along with the assumption click this game website of $70 million of Midway debt.
Midway’s creditors agreed last month to give Thomas a $5 million payment. Warner declined to comment on its plans for Midway. And it opted not to buy two Midway development studios in San Diego and Newcastle, England.
Warner Bros. has been bolstering its vidgame and interactive biz. share this site It bought Snowblind Studios in February, “Lego” games producer TT Games in 2007 and Monolith Prods. in 2006. The studio also owns a 30% stake in Eidos, which produces the Tomb Raider franchise.