OverviewMidway Games Inc. was a developer and publisher of interactive entertainment software, for a wide range of platforms. It is especially known for the Mortal Kombat franchise. Based with a corporate office in Chicago, Illinois, the company had many worldwide divisions and subsidiaries. Its west coast division, Midway Home Entertainment, Inc., operated out of San Diego, California.
Midway had a long and illustrious history, beginning with its founding over 50 years ago as the manufacturing of pinball machines under the name of Midway Manufacturing Co.
Its acquisition in 1969 by pinball competitor Bally Manufacturing Corporation was an event which started Midway on the road to becoming a leader in the videogames industry. In addition to having a pinball division, the company developed coin-operated videogames for arcades beginning in 1973.
The most prominent event in Midway's history occurred in 1983 when its pinball division and Bally's were combined forming Bally Midway Manufacturing Co., Inc. Five years later, in 1988, Bally Midway was acquired by WMS Industries and Midway Manufacturing Co. was reincorporated as Midway Games Inc.
Midway Games Inc. went through momentous changes during the next ten years. In a nutshell, it was merged, renamed Midway Home Entertainment Inc. and then set free by its owner WMS Industries. In 1998 it once again became its own company, owned by its stockholders.
Initially Midway Games Inc. handled the coin-op arcade manufacture and sales out of its Chicago location (Midway Amusement Games, LLC), while Midway Home Entertainment developed games for home consoles from its west coast units. Eventually their Corsicana site was closed down and the company chose the San Diego location for its west coast hub. In 2001 Midway quit coin-op game manufacturing and sold all of the assets to Happ Control, Inc.
In February 2008, the Midway conglomerate employed approximately 900 people (about 700 development staff and about 100 in sales and marketing departments).
On 12th February 2009 the company announced that the company and its U.S. subsidiaries filed voluntary petitions in U.S. Bankruptcy Court for the District of Delaware for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing did not include the company's non-U.S. operations, which continued business.
Acquired development studios:
Following the acquisition, the corporate headquarters in Chicago was closed, as well as the Newcastle and San Diego development studio.
The final liquidation of all assets and securities was accomplished in June 2010.
Contributed by Indra was here (18570) on May 28, 2003. [revised by : 5 other people].