Warner Bros. game for Midway pickup

Studio nabs assets in bankruptcy court

Warner Bros. has picked up most of Midway Games’ assets in bankruptcy court for the fire-sale price of $33 million, giving the studio rights to “Mortal Kombat,” “Spy Hunter,” “Joust” and several other game franchises.

A Delaware bankruptcy court judge 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 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. 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 (behind the “Tomb Raider” games franchise). It took over control of the “Lord of the Rings” franchise from Electronic Arts earlier this year.

More Film

  • No Merchandising. Editorial Use Only. No

    'Jurassic World: Fallen Kingdom' Feasts on $150 Million Opening

    Warner Bros. has picked up most of Midway Games’ assets in bankruptcy court for the fire-sale price of $33 million, giving the studio rights to “Mortal Kombat,” “Spy Hunter,” “Joust” and several other game franchises. A Delaware bankruptcy court judge OK’d the deal last week, saying that the objections to the transaction had been resolved. […]

  • NANTUCKET, MA - JUNE 23: (L-R)

    How Long Will TV and Film's Boom Market for Female Stories Last?

    Warner Bros. has picked up most of Midway Games’ assets in bankruptcy court for the fire-sale price of $33 million, giving the studio rights to “Mortal Kombat,” “Spy Hunter,” “Joust” and several other game franchises. A Delaware bankruptcy court judge OK’d the deal last week, saying that the objections to the transaction had been resolved. […]

  • 'Ideal Home' Review: Steve Coogan, Paul

    Film Review: 'Ideal Home'

    Warner Bros. has picked up most of Midway Games’ assets in bankruptcy court for the fire-sale price of $33 million, giving the studio rights to “Mortal Kombat,” “Spy Hunter,” “Joust” and several other game franchises. A Delaware bankruptcy court judge OK’d the deal last week, saying that the objections to the transaction had been resolved. […]

  • 'Calibre' Review: A Terrific, Intensely Terrifying

    Edinburgh Film Review: 'Calibre'

    Warner Bros. has picked up most of Midway Games’ assets in bankruptcy court for the fire-sale price of $33 million, giving the studio rights to “Mortal Kombat,” “Spy Hunter,” “Joust” and several other game franchises. A Delaware bankruptcy court judge OK’d the deal last week, saying that the objections to the transaction had been resolved. […]

  • CHRIS PRATT stars as Owen in

    Box Office: 'Jurassic World: Fallen Kingdom' Gnaws on $144 Million Debut Weekend

    Warner Bros. has picked up most of Midway Games’ assets in bankruptcy court for the fire-sale price of $33 million, giving the studio rights to “Mortal Kombat,” “Spy Hunter,” “Joust” and several other game franchises. A Delaware bankruptcy court judge OK’d the deal last week, saying that the objections to the transaction had been resolved. […]

  • Leung Chiu-wai

    Tony Leung Breaks With Wong Kar-wai’s Jettone (Reports)

    Warner Bros. has picked up most of Midway Games’ assets in bankruptcy court for the fire-sale price of $33 million, giving the studio rights to “Mortal Kombat,” “Spy Hunter,” “Joust” and several other game franchises. A Delaware bankruptcy court judge OK’d the deal last week, saying that the objections to the transaction had been resolved. […]

  • No Merchandising. Editorial Use Only. No

    ‘Jurassic World’ Holds off ‘Incredibles 2’ in China

    Warner Bros. has picked up most of Midway Games’ assets in bankruptcy court for the fire-sale price of $33 million, giving the studio rights to “Mortal Kombat,” “Spy Hunter,” “Joust” and several other game franchises. A Delaware bankruptcy court judge OK’d the deal last week, saying that the objections to the transaction had been resolved. […]

More From Our Brands

Access exclusive content