Walmart Banner
Review: Far Cry 2
Review: Fallout 3
Review: Fifa 09
Review: Gears Of War 2
Review: Crash Bandicoot-MOM
Review: Monopoly
Review: Guitar Hero World Tour
Review: Blitz: The League 2
Review: Tales of Vesperia
Review: Fable 2
Don’t Install Halo 3, Bungie Warns
New GTA IV DLC Details
Sonic Not Yet Unleashed
Top 10 things to do wit the New Xbox Experience
Codemasters keeps McRae name for new DIRT title
Microsoft launches New Xbox Experience
Koei and Tecmo merger worth $207 million
New Call of Duty Outsells CoD4 by More Than 2 to 1
Live suffers connection issues days before NXE
Epic Scoops Tech Award
Saints Row 2 Multiplayer Event
Interview with Blackrock Studios: PURE
Geo Wars Returns in a New Form
Lets Play Dodgeball..... 2D Style?
Sneak Peek at Star Wars; The Force Unleashed
XboxAddict Database Launch and WALL-E Giveaway
Interview with 2XL Games : BAJA
XBLA Review: Assault Heroes 2
Guinness Book Of World Records
XboxAddicts' Most Anticipated Games of 2008
Fallout 3
Gears of War 2
Far Cry 2
Monopoly
FIFA Soccer 09
Guitar Hero: World Tour
Crash Bandicoot: Mind Over Mutant
Blitz: The League 2
Tales of Vesperia
Fable 2
Saints Row 2
Brothers in Arms: Hell's Highway
LEGO Batman the Videogame
Fracture
Pure
BAJA: Edge of Control
Rock Band 2
FaceBreaker
TNA iMPACT!
NHL 09
Call of Duty: World At War
Guitar Hero: World Tour
Saints Row 2
Deadliest Catch Alaskan Storm
Ghostbusters
MX vs. ATV: Untamed
Project Sylpheed: Arc of Deception
Vampire Rain
Medal of Honor: Airborne
Tenchu Z
Shaun White Snowboarding (47)
You're In The Movies (43)
Left 4 Dead (50)
Mirrors Edge (44)
PES 2009: Pro Evolution Soccer (50)
Banjo-Kazooie: Nuts & Bolts (50)
Madagascar: Escape 2 Africa (49)
Legend of Spyro: Dawn of the Dragon (50)
WWE Smackdown vs Raw 2009 (18)
James Bond 007: Quantum of Solace (50)
Rock Revolution (50)
Dance Dance Revolution Universe 3 (40)
Gears of War 2 (50)
Far Cry 2 (48)
Call of Duty: World At War (46)
Saints Row 2 (50)
Midnight Club: Los Angeles (45)
Scene It? Box Office Smash (50)
Disney Sing It (25)
Fallout 3 (50)
Midway Has Weak Q2
Friday, August 5, 2005
Weak Q2 for Midway as Unreal Championship 2 disappoints

Adds to internal development strength with Ratbag Games purchase

Publisher Midway Games has missed its already low guidance for the June quarter, posting a loss of $29.9 million on revenues which slid over $10 million from last year’s figure to just $36.9 million.

While much of the loss is attributed to the poor performance of Unreal Championship 2 - the company’s only other big release in the quarter, Area 51, performed rather better - the knock-on effect on the firm’s full-year targets is also significant.

Midway has lowered its projections for the coming quarter to a loss of $19 million on revenues of $30 million, while for the full year ended December 31st, it expects revenues of $200 million and a net loss of $60 million - down from earlier projections of $225 million revenue and $47 million loss.

However, some analysts remain optimistic about the company, which has been undergoing some fairly significant growth and refocusing since Viacom boss Sumner Redstone acquired a majority stakeholding in it last year.

"We believe that as Midway continues to focus on game quality, its outlook will continue to improve," commented Wedbush Morgan Securities analyst Michael Pachter. "We believe that the company is building the infrastructure necessary to support significantly higher revenues, and expect this investment to pay dividends in 2007, if not earlier."

However, for now Pachter is maintaining his Hold rating on the stock. "The company’s turnaround is under way," he said, "but we believe that Midway may still be 12 - 18 months away from consistent profitability."

Midway also this morning announced that it has acquired Ratbag Games, the Australian studio responsible for titles including Powerslide and The Dukes Of Hazzard, which will now be renamed as Midway Studios Australia and is already working on a number of unannounced titles for the publisher.



Source: http://www.gameindustry.biz



Tuesday, August 9th @ 2:18 AM
JediMasterChief wrote..."I don't buy any of their games anyway...hmm, maybe that's why?"
Sunday, August 7th @ 7:58 PM
T-Dub wrote..." I liked UC2 i thought it was pretty cool. The gameplay was a little hard at first,byt got better. Hopefully Midway can comback. The new mortal Kombat will probably do well. I am going to buy it."
Saturday, August 6th @ 9:31 PM
George89 wrote..."not suprising. I think Unreal Championship 2 went wrong because the actual FPS part wasn't solid enough, and they spent too much time with the whole third person thing, which many fans probably didn't want."
(Sign Up)
Released Xbox 360 Titles: 352
Released Xbox Titles: 814
Registered Members: 56,519
Forum Posts: 759,088
Staff Reviews: 767
Member Reviews: 10,299
News Articles: 8,931
Screenshots: 18,763
Xbox 360 Achievements: 12,013
Xbox 360 Faceplates: 1,091
Cheat Codes: 1,706
1. OBL infad3ll - 82,085
2. Unreal - 80,255
3. CrazyCougar-XBA - 72,439
4. JakofallAces - 61,340
5. moltenluv - 54,435
6. Symmetric - 44,853
7. Ninja Scroll - 42,230
8. BEATNGU - 41,620
9. hellonearth159 - 41,047
10. Nato King-XBA - 39,369
11. tacohead - 39,031
12. PLAYMKR - 33,724
13. Ranzo - 32,528
14. y2kash_14 - 31,021
15. ali rock 110 - 30,505
16. UNV Meeks - 29,739
17. goldeneyez9 - 29,728
18. Moparwill - 28,660
19. Omen28 - 28,190
20. MosleyTank - 27,657
21. Enamelized420-XBA - 26,555
22. Chris W - 26,155
23. Bertnell - 26,049
24. UNV Superkid - 24,954
25. Silent-XBA - 23,115
(Top 150)
Wal Mart banner 2
DO NOT Upload Halo3 on...
Post by Ninja Scroll
8 Replies, 43 Views
Faceplate Database Update
Post by SpaceGhost2K-XBA
0 Replies, 27 Views
Alright, who got the...
Post by SpaceGhost2K-XBA
10 Replies, 59 Views
User Created Xbox 360...
Post by Feeta
1 Replies, 46 Views
HORAY FOR NXE.... or not
Post by ainokeatoo
23 Replies, 179 Views
Gears of War 2...
Post by Not Yellow
1 Replies, 103 Views
NXE Download Launch Time?
Post by Ninja Scroll
28 Replies, 269 Views
Blockbuster and...
Post by Snake Eyez
7 Replies, 72 Views
Xbox.com Update
Post by Silent-XBA
1 Replies, 51 Views
Funny pictures
Post by ainokeatoo
7 Replies, 89 Views
1. l Maximus l - 17,433
2. mattgame - 14,878
3. laughs - 14,672
4. Casper - 14,150
5. Whisper - 13,694
6. Reclaimer - 11,812
7. Snake Eyez - 11,319
8. Variation-XBA - 10,556
9. JJaX - 10,207
10. No Fear 23 - 8,867
11. MerimacHamwich - 8,367
12. LynxFX - 8,076
13. Conchord - 7,939
14. Slowride - 7,792
15. Ford Mustang - 7,690
16. Snoopy7548 - 7,657
17. Chaotic - 7,266
18. Yankeez - 6,764
19. Ninja Scroll - 6,689
20. ll Mista GT ll - 6,652
21. DZNUTZ - 6,369
22. Xbox Owner - 6,357
23. RudedogX - 6,268
24. Sheeyt - 6,128
25. Duke - 5,898
1. Yellowlab - 121
2. mattgame - 94
3. Highlite23-XBA - 83
4. Young_Fledgling - 82
5. Sam-XBA - 80
6. The Jackal - 74
7. Megaherz *RAGE* - 74
8. xj74 - 73
9. Shadow20002 - 66
10. mrmp3 - 65
11. xdragon - 62
12. oddworld20-3000 - 59
13. Silent-XBA - 59
14. (ScArab) - 56
15. natewebb - 56
16. BlindSniper - 54
17. Jo35 - 53
18. Marc - 53
19. Whisper - 47
20. Kamshaft-XBA - 47
21. CrazyCougar-XBA - 46
22. Xbox Masta 4 - 43
23. Y2D - 42
24. Sharky53 - 42
25. Lord Vivic - 41
26. JediMasterChief - 40
27. thunder0810 - 39
28. adzmullz1 - 39
29. Ninjermy - 38
30. Blind-RazoR - 38
31. MixMasta - 38
32. kenji - 37
33. JayMan36 - 36
34. DaGameBoy - 36
35. Liquid Gears - 35
36. murken - 33
37. mentat - 33
38. RichVGS - 32
39. asammw - 31
40. wweomaniac - 31
41. J Deezie1311 - 30
42. George89 - 30
43. BillyDKid - 30
44. pvsurfer03 - 29
45. super_ryu - 28
46. colosso - 28
47. CrazyKane - 28
48. BIGHARV - 28
49. BunnyRabbit - 28
50. DocHoliday78 - 27
 
© 2000-2008 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.