Midway Looking to Offload Mortal Kombat, Screwing Former Employees

Illustration for article titled Midway Looking to Offload Mortal Kombat, Screwing Former Employees

Midway, publishers of the Mortal Kombat franchise, are in trouble. And how are they looking at getting out of trouble? By giving key Midway employees bonuses! Oh, and by possibly selling off Mortal Kombat.

Court documents surrounding the company's fight for survival have shown that Midway executives have set aside $3,755,000 in bonuses, which is to be divided amongst 29 "officers, management-level employees and other non-insider key employees" if they're able to meet certain goals.

Advertisement

One of those goals was in offloading Wheelman, which Ubisoft just picked up. So that's $497,500 in the pocket. Another objective (so important it's actually listed twice) is being able to secure the "execution of an asset purchase agreement for the sale of Midway's Mortal Kombat franchise assets".

On the one hand, selling off the Mortal Kombat rights might net them enough cash to keep their heads above water. On the other, however, Mortal Kombat is the only thing Midway have left.

Oh, and if you're wondering where a company can find $3,755,000 while in the midst of filing for bankruptcy, that's easy! There's always money to go around when you hold out on paying sacked employees the remainder of their PTO (paid/personal time off), something Midway originally promised they'd do.

Advertisement

Below is an original letter, dated February 9, promising the payment of PTO. Below that, a letter dated February 20, outlining Midway's plan to suspend those promised payments.

Illustration for article titled Midway Looking to Offload Mortal Kombat, Screwing Former Employees
Advertisement
Illustration for article titled Midway Looking to Offload Mortal Kombat, Screwing Former Employees

Midway Games Seeks Approval of a Key Employee Incentive Plan [netDockets]
[thanks Tech Noir!]

Share This Story

Get our `newsletter`

DISCUSSION

KillerWaLrUs
Killer_WaLrUs

That's about as low as any of these major corporations who have received bailout money and are still trying to pull the same shit they did that got them into trouble in the first place. That's almost like one company that created an "awards" system that would pay out the same way a bonus would, but they just weren't called bonuses. I used to like Midway. I thought they did a decent job revamping Mortal Kombat a few years back with Deception, but that's what is happening to these former employees.