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 Send to email | Midway Offloading Mortal Kombat (And Screwing Former Employees) [Business] in Business Midway Mortal Kombat News Original Top |  By Luke Plunkett
el 02-Mar-2009 |  Midway, publishers of the Mortal Kombat franchise, are in trouble. And how are they looking at getting out of trouble? By giving Midway executives bonuses! Oh, and by selling off Mortal Kombat.
Court documents surrounding the company's fight for survival have shown that Midway executives have set aside $3,755,000 in bonuses, which is to be divided amongst the company's upper management tier if they're able to meet certain goals. One of those goals was in offloading Wheelman, which Ubisoft just picked up. So that's $497,500 in the pocket. Another objective is being able to secure the "execution of an asset purchase agreement for the sale of Midway's Mortal Kombat franchise assets". On the one hand, selling off the Mortal Kombat rights might net them enough cash to keep their heads above water. On the other, however, Mortal Kombat is the only thing Midway have left. Oh, and if you're wondering where a company can find $3,755,000 while in the midst of filing for bankruptcy, that's easy! They can take it by holding out on paying sacked employees the remainder of their PTO (personal time off), something Midway originally promised they'd do. Below is an original letter, dated February 9, promising the payment of PTO. Below that, a letter dated February 20, outlining Midway's plan to suspend those promised payments. 
Midway Games Seeks Approval of a Key Employee Incentive Plan [netDockets]
[thanks Tech Noir!]
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Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Film Producer Sues Midway Over Mortal Kombat Rights [Legal Kombat] |  Lawrence Kasanoff, the producer behind the Mortal Kombat movies, television show, and animated series has filed suit against Midway in U.S. Bankruptcy Court in order to make sure he retains series milking rights. The complaint filed by Kasanoff's Threshold Entertainment seeks to prot [..] Read complete article | | Published 25-Jun-2009 by Mike Fahey in Legal Kombat BankruptcyLawMidwayMortal KombatTVVideo Game Movies
Read 15 times. More hits in ![More articles Film Producer Sues Midway Over Mortal Kombat Rights [Legal Kombat]](./images/arti.gif) ![Images about Film Producer Sues Midway Over Mortal Kombat Rights [Legal Kombat]](./images/photo.gif) |
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Report: Midway looking to sell Mortal Kombat assets | 
Midway is reportedly looking to sell off its Mortal Kombat franchise in its continuing struggle to keep its head above water. To put this into perspective, this would be like a family of many children putting the only child who managed [..] Read complete article | | Published 02-Mar-2009 by Jason Dobson in bankruptcymidwaymortal-kombatsale
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| Mortal Kombat film producer files suit against Midway | ![Click here to read Crackdown 2 Gets A Cartoon Series - Crackdown 2 Gets A Cartoon Series [Clips]](http://cache-04.gawkerassets.com/assets/images/9/2010/05/160x120_0-ceh7gxu40.jpg)
With Midway reportedly looking to sell off its Mortal Kombat assets, one concerned party hopes to peer underneath the tent the beleaguered publisher has pitched inside the U.S. Bankruptcy Court and settle the sticky issue of inte [..] Read complete article | | Published 25-Jun-2009 by Ludwig Kietzmann in FightingLawrence-KasanoffLawsuitLolsuitMidwayMortal-KombatMortal-Kombat-Annihilation
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
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History lesson: despite decreasing sales and quality standards of late, Mortal Kombat is without a doubt Midway's most important remaining asset. And Ed Boon created Mortal Kombat. So he's important to Midway. Which is why, despite the remainder of their [..] 
While Midway has offered up the sale of Mortal Kombat in its continued fight for survival, the troubled publisher's confidence in the franchise isn't quite as shaken as may be believed. Company spokesperson Geoff Mogilner recently [..] 
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Midway's team of developers responsible for the 17-year-old Mortal Kombat franchise is currently in active talks with other publishers to leave the company and for its own studio, sources tell Kotaku. The MK team, which comprises about 50 [..] 
