14 DAY TRIAL // The recession is rearing its ugly head on the whole world, and, in these troubled times, no company is safe from its repercussions. We've seen big corporations like Sony or Microsoft being affected, so the news that already struggling company Midway was in even deeper trouble was nothing surprising, as it has been experiencing some tough times lately.
But nothing could prepare the gaming industry for the news that the company would go into bankruptcy, in order to reassess its priorities and to decide which creditors needed to be paid off first in order for it to get back on its feet.
We've already seen it sell the publishing rights to the upcoming Wheelman title to Ubisoft, it order for the French company to launch it in several key countries, and it now seems that other franchises will also be placed up for sale in the future, including the historical Mortal Kombat one.
That's right, one of the most iconic fighting games of all time, which held a lot of memorable characters, from Sub Zero to Raiden or Reptile, and even spawned a few movies and TV series based on it, will be sold by Midway to the highest bidder. But although you would think that this decision has been made because there wasn't any more money for the company, certain documents have surfaced, which detail a $3,755,000 bonus plan, which will be paid off to the “29 officers, management-level employees and other non-insider key employees.”
You read it right, while the company is auctioning off its key franchises and most promising titles, the managers will get paid for achieving such transactions. The money will be taken from the personal/paid time off fund that was made for employees who were fired in recent months. Said fund will be filled up and the debts paid when the reorganization of the company will be finalized and it will be financially solvable once again.