With a world recession spreading throughout the world on a global scale, it has become obvious that no area of industry is safe; and the games industry has had it harder than any other creative industry over the last few months.
Of course, the newspapers say that more people are buying home entertainment from now on as it saves money on going out and provides more entertainment for friends and family, but this hasn't stopped larger games developers/publishers from going into the Red.
The company that I am talking about is Midway, who a few week ago has declared themselves bankrupt. Now this is a sad moment because Midway has created some great titles in the past such as Mrs Pac Man, Rampage and of course Mortal Kombat; also the last mortal kombat title which was a collaberation with the characters of DC comics still sold milions of copies but this still didn't stop the eventual downfall of the company. It is sad that this has happened because it ultimatly leads to more redundencies and we could end up with another 1Up situation.
The obvious way out for Midway is to sell themselves to the highest bidder and try and get back up and running again, but they could try and sell themselves to Square Enix who seem to be buying a lot of western developers at the moment. This morning it was announced that they have confirmed the buyout of UK games company Eidos and now basically own them and their individual IPs such as Tomb Raider, Hitman and even Timesplitters.
I know it has become even harder for companys to purchase companies like Midway as they have no money themselves; but for the great contribution they have done towards the game industry and the great games that they produce; I hope that somebody passes them a lifeline and keep them alive for next generations to come.
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