They Read GamePolitics in China

February 16, 2009 -

We're unable to translate, but found it interesting that our recent exclusive list of creditors in the Midway bankruptcy case was picked up by a gaming site in China:

到底负债多少? Midway欠账单公布

中关村在线 - 北京市,China
感谢GamePolitics,我们得到了一组Midway破产前夕的外债清单,从这串长长的帐单上,Midway究竟欠了谁的钱又欠了多少大家可以一目了然,这其中既有发行商、零售商,也有 ...

UPDATE: Reader Aaron Mitschelen sent us a much-appreciated machine translation:

Midway's financial situation is in fact not a sharp turn for the worse overnight, and As is, of course, a variety of reasons, but judging by the results, bankruptcy is a fact. However, on the "Mortal Kombat" series of the founders of the specific circumstances of the debtor, before the outside world knows very little about.

Thanks to GamePolitics, we get a group of foreign debt on the eve of Midway bankruptcy list, from this string of long bill, Midway exactly who owes the money owed to the number of U.S. at a glance, which both distributors, retailers, also have investment companies and banks.

But even if these bills are creditors who are not necessarily good day number, for example, the largest creditor Wells Fargo Bank, just report one quarter of a loss of 2.73 billion U.S. dollars ... ..."

 

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Re: They Read GamePolitics in China

Here is a human translation (I am a native speaker):

Midway, which only has 50 days away from filing bnkruptcy in last December, finally collapsed. This is the first major video games publisher in United States that bankrupted in the economic crisis.

In fact Midway operation situation was not turn spiral downwards in just one day and there were multiple reasons for that. However, from the current situation, bankruptcy is already certain. Yet, outsider knew little details regarding to the debtors of the creator of Mortal Kombat.

Thanks to GamePolitics we have a list of creditors of Midway before filing bankruptcy. From this long list of bills, we can see whom Midway owed money to. Among those includes publishers, retailes and also investor firms and bank.

Still, the creditors on this list are not particularly good either themselves. For instance the biggest creditors Wells Fargo Bank lost 2.73 million US dollars in their last quarter.

Re: They Read GamePolitics in China

GP is read here in Japan as well.

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"The most difficult pain a man can suffer is to have knowledge of much and power over little" - Herodotus

--------------------------------------------------------------------------- "The most difficult pain a man can suffer is to have knowledge of much and power over little" - Herodotus

Re: They Read GamePolitics in China

Kinda sucks they haven't joined. That would be interesting.

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Re: They Read GamePolitics in China

Creditors to Midway;

"GET OVER HEREEE..!!!!"

(I am sure I am not the first that came up with this..... oh well)

What will happen to MK franchise? Any Ideas?

...thanks for the translations GP.

______________________________ Because I have NO Life... :P I introduce the following. PSN User ID: FirebirdXR (Yes, I use that moniker often) Xbox Live ID: FirebirdLR (Don't bother, It's a Silver Membership) *Limited Time Only* I put both because I

Re: They Read GamePolitics in China

What will happen to MK franchise? Any Ideas?

I suspect that Sub Zero will step in and freeze all Midway's assets and then shatter them with an uppercut.

Fatality.

That's my guess.

E. Zachary Knight
Oklahoma City Chapter of the ECA
http://www.theeca.com/chapters_oklahoma

Re: They Read GamePolitics in China

Sadly I think it will be much worse than that. Subzero will freeze their assets then sell mk to either ea or disney. I so hope disney buys it, I would love to see donalds arms ripped off by Goro.

Re: They Read GamePolitics in China

LOL, good one, EZK.

On a lighter note;

Scorpion will look for a job, and double for Skeletor.

______________________________ Because I have NO Life... :P I introduce the following. PSN User ID: FirebirdXR (Yes, I use that moniker often) Xbox Live ID: FirebirdLR (Don't bother, It's a Silver Membership) *Limited Time Only* I put both because I

Re: They Read GamePolitics in China

 Here's a much better translation (still machine translated, though):

Midway's financial situation is in fact not a sharp turn for the worse overnight, and As is, of course, a variety of reasons, but judging by the results, bankruptcy is a fact. However, on the "Mortal Kombat" series of the founders of the specific circumstances of the debtor, before the outside world knows very little about.

  Thanks to GamePolitics, we get a group of foreign debt on the eve of Midway bankruptcy list, from this string of long bill, Midway exactly who owes the money owed to the number of U.S. at a glance, which both distributors, retailers, also have investment companies and banks.

  But even if these bills are creditors who are not necessarily good day number, for example, the largest creditor Wells Fargo Bank, just report one quarter of a loss of 2.73 billion U.S. dollars ... ...

Re: They Read GamePolitics in China

here's a rough translation. gotta love online translaters.

 

"How many to be in debt? Midway owes the bill announcement The Zhongguan Village online - Beijing, China thanks GamePolitics, we obtained a group of Midway bankruptcy eve's foreign loan detailed list, from this string long account list, actually Midway to owe whose money and to owe how many everybody to be possible to be clear at a glance, both had the distributor, the retail merchant, also had…"

Re: They Read GamePolitics in China

Hey glad you are getting some recognition out there GP :)

Re: They Read GamePolitics in China

It was also picked up at least one wrestling news site since Midway owed TNA Wrestling.

http://www.wrestlezone.com/article/report-tna-owed-over-100000-by-midway-games-58938

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