Midway selling Mortal Kombat?

Written by Joe Martin

March 2, 2009 | 10:45

Tags: #credit-crunch #mortal-kombat #recession #wheelman

Companies: #midway #ubisoft

It's been revealed that publisher-in-trouble Midway may be trying to get rid of the Mortal Kombat franchise in an effort to stay afloat - and that despite the dire financial straits the company is in it is still handing out large bonuses to upper management.

According to court documents uncovered by Netdockets Midway set aside £2 million GBP to give to members of upper management as bonuses if certain goals could be met. Those goals include the off-loading of The Wheelman franchise, which has since been passed to Ubisoft, and the sale of the Mortal Kombat franchise.

The fact that bonuses are being paid out to executives has reportedly angered remaining Midway employees who are suffering from the fact that the company is on the verge of bankruptcy.

The publisher has struggled in the face of financial adversity lately, facing stock delisting, studio closures, game cancellations and the loss of key staff members. The company recent had to go to court in order to gain permission to keep spending as part of an effort to recoup losses. The publisher reportedly lost more than $100 million USD in 2007 alone.

What's worse is that it seems that Midway is able to afford paying these large bonuses to executives by using money that had previously been pledged to paying sacked employees the remainder of their holiday pay and personal time off.

Charming, eh? Let us know your thoughts on the matter in the forums, as well as who you'd like to see buy up the Mortal Kombat franchise.
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