Midway has announced that they'll be canceling a number of licensed titles in favor of focusing on what they called their "core properties." No word on exactly which games are getting the axe but ones tied in with strong licenses like DC Comics and TNA Wrestling appear to be safe, thankfully.

Midway Games has recently revealed that Mortal Kombat is still right on schedule for its next-gen revival. It seems the gears are in motion. A mysterious website with the Mortal Kombat logo has just emerged with a countdown. What could it mean? More details over at the full article.

Midway Games has been on a bit of a slowdown as of late with lukewarm reception on some of its releases, controversial resignations, and so-so financial results. The company seems to have felt the need for a change in leadership, prompting old CEO David Zucker to resign and for Interim CEO and President Matthew Booty to take over. Details on the move are available in the full article after the jump.

Fighting game fans have a lot to be happy about. Midway Games' CEO revealed that the new Mortal Kombat for next-gen consoles is on track. To find out more about this, head on over to the full article by clicking on the "read more" link below.

With 2007 coming to a close in a few more days, Midway is all set for next year's upcoming releases. But not without some changes to their marketing stance. in a recent interview, Midway CEO David Zucker his game launch strategy for 2008 as "fewer, bigger, better." Find out what he meant via the full article.

Thanks to the game spearheaded by John Woo, Midway Games moved up the ranks to take 35% of Europe's market share after Stranglehold (Microsoft Xbox 360, Sony PlayStation 3, PC) reached target sales numbers earlier than expected. Stranglehold remains on the top ten of UK's best selling Xbox 360 titles, and gives Midway a bright future for 2008. "Our goal was to get to 35 per cent in 2008. We've gotten there this year," said Midway CEO David Zucker after crediting Stranglehold as one of the major factors.

More details and Tequila at the full article!

After announcing their revenue report for the third quarter Midway, one of the major game publishers who recently released Stranglehold for the Xbox 360 and PC, recently announced that they have successfully solved their PS3 programming issues. Midway's CEO David Zucker stated that they managed to fix the problem during the development process for both Stranglehold and Unreal Tournament 3.

Midway is also sticking to their current plan regarding Epic Games' Unreal Tournament 3, and that is to ship Unreal Tournament 3 for the PC this month, with the PS3 version to follow soon. However, Zucker said that they currently are sticking to the 2008 release of the game for the Xbox 360.


Check the full article for Zucker's statement and Midway's new game!

Though ironic in a sense, publisher Midway Games has come up with increased losses and revenues at the end of the company's third quarter for calendar year 2007. Data derived from the company's financial reports since September 30, 2007 highlights that Midway garnered a year-on-year rise from US$ 27.5 million to US$ 36.7 million in revenue. It was noted, however, that the company also gained a US$ 0.31 loss per diluted share from last year's US$ 0.22 per.

The publisher's main performance highlights were bannered by the previously released Unreal Tournament 3 demo and the release of John Woo's Stranglehold for the Xbox 360 and PC. It was noted that the UT3 demo continued to be one of the top 2 downloaded games on popular PC file portal FilePlanet since October 12.

Midway Games forecasts a great future for the company's overall revenue come the end of the company's fourth quarter on December 31, 2007. The imminent worldwide release of Epic Games' Unreal Tournament 3 (Microsoft Xbox 360, PC, Sony PlayStation 3) on Microsoft Windows, Linux and Mac OS X is highly anticipated, among other mainstream titles such as BlackSite: Area 51 (PC, Xbox 360), Stranglehold (PS3), and Hour of Victory (PC).

Casual and other mainstream titles include Cocoto Racing for the DS, The Bee Game for the GBA and DS, Ultimate Mortal Kombat for the DS, Aqua Teen Hunger Force: Zombie Ninja Pro-Am for the PS2, Foster's Home for Imaginary Friends for the DS, and Game Party and Cruis'n' for the Wii.

To that end, the Chicago-based publisher foresees a hike up in revenue to US$ 80 million for the fourth quarter, with a US$ 0.21 loss per basic and diluted share. Overall, Midway lowers its annual target due to slow sales of the PlayStation 3 and "movement" of Nintendo DS and Wii titles.

"We remain confident that our technology strategy and product plan position us to grow both revenue and market share as we move into the heart of this console cycle," said Midway president and CEO David Zucker. He concludes that with a strong lineup of releases in the coming months, Midway will be able to accelerate its growth for 2008.

Midway Games released an official statement concerning its financial status and some of its most anticipated titles this holiday season. It seems that the delay for the PS3 build of Stranglehold (also on Xbox 360 and PC) is just the beginning as more titles are being pushed back.

First of all, Midway said that it is lowering the total expected sales for BlackSite: Area 51 because of "the adverse impact of the split shipment between the Xbox 360 and the PlayStation 3 systems." There was no word, however, regarding the PC build of the next-gen FPS title.

Aside from that, the PlayStation 3 version of Unreal Entertainment III is also being pushed back to Q1 of 2008. The game was originally expected to ship to retail stores together with the PC build this November. Given these developments, we are uncertain if the timed PS3 exclusivity holds or both the PS3 and Xbox 360 build will ship together.

"While we regret that these delays will cause us to lose some valuable holiday sales in the near term as well as shift revenue for some of these titles out of 2007 and into 2008, we remain confident that our technology strategy and product plan position us to grow both revenue and market share," said Midway Games CEO and President David F. Zucker.

Midway Games originally anticipated a US$ 225 million full year revenue at the end of this year. However, the company has now lowered its expectations to just US$ 170 million.

With E3 just a couple of days from now, Midway Games, Inc. has revealed the list of titles it will be presenting at the event. The company's lineup covers a wide range of genres across all major video game platforms.

Thanks to a mix of new properties and proven brands, Midway president and CEO David F. Zucker has commented that this is the company's "most diverse and strongest line up yet". Here's a list of titles Midway has lined up for E3 along with their expected shipping dates.

• Stranglehold (PC, PS3, Xbox 360; August)
• BlackSite: Area 51 (PC, PS3, Xbox 360; September)
• Unreal Tournament 3 (PC; Fall)
• Ultimate Mortal Kombat (DS, November)
• Cruis'n (Wii, November)
• Aqua Teen Hunger Force Zombie Ninja Pro-Am (PS2, October)
• Game Party (Wii, November)
• Foster's Home for Imaginary Friends: Imagination Invaders (DS, November)
• The Wheelman (PC, PS3, Xbox 360; Winter)
• TNA Impact! (PS2, PS3, Wii, Xbox 360; Spring)
• The Bee Game (DS, GBA, November)
• The Lord of the Rings Online: Shadows of Angmar (PC, Available Now)
• Hour of Victory (PC, Fall)