Midway Games (revival)

The current incarnation of Midway Games is an American video game developer and publisher, owned by the Nexstar Media Group through it's CDX Software division. The original Midway filed for bankruptcy in 2009, and most of it's assets were acquired by Warner Bros. Interactive Entertainment. Sometime around 2019, CDX acquired the Midway name, logo, and trademark from Warner Bros. and re-opened Midway in order to make games for people aged 16-30, due to the loss of Full Moon Studios, now owned by Electronic Arts. 
== Background ==
The original Midway was founded as Midway Manufacturing in 1958, as an amusement game manufacturer. The company was then purchased by Bally Manufacturing in 1969. After years as a leader in the arcade segment, Midway moved into the growing home video game market beginning in 1996, the same year that it made its initial public offering of stock. In 1998, WMS spun off its remaining shares of Midway. Midway was ranked the fourth largest-selling video game publisher in 2000.
After 2000, Midway continued to develop and publish video games for home and handheld video game machines, but it experienced large annual net losses and engaged in a series of stock and debt offerings and other financings and borrowings. In February 2009, Midway Games filed in Delaware for bankruptcy. Warner Bros. purchased most of Midway's assets (including Mortal Kombat), and Midway settled with Mark Thomas to relinquish his Midway stock and debt. 
The U.S. District Court in Chicago dismissed a lawsuit alleging that former officers of Midway misled shareholders while selling their own stock. In 2010, the bankruptcy court dismissed claims against Sumner Redstone concerning his sale of the company to Thomas and approved Midway's plan of liquidation. Midway terminated the public registration of its securities in June 2010.
== History ==
On March 14, 2019, CDX made an announcement that they would revive three defunct companies from the early 2000s, as part of a plan to expand it's video game business and make more games for mature audiences when they announced the sale of Full Moon to EA. From 2019 until 2021, Warner Bros. acquired CDX and temporally re-united the new Midway with it's former assets and games they originally owned. 
Around 2020, Midway announced a new series of video games was in the works. No one knew what it was, until September 14, when Midway announced a game centered around a group of marbles who must travel to a new arcade, as their old arcade is experiencing a closure and the other attractions are preventing them from leaving the dying arcade. Developed by The Initiative, with assistance from Weta Digital and the Unreal Engine, Marbles! will be released sometime in summer 2021.
In October 2020, WarnerMedia announced that they would sell CDX in order to raise funds. WarnerMedia originally wanted to keep the new Midway, though CDX refused. In 2021, Nexstar, wanting to expand outside of broadcasting, acquired The CoolDude201672 Company (CDX's parent) from WarnerMedia for $30 million.
== Games ==
The original Midway made and owned games like Mortal Kombat, the NFL Blitz games, several Pac-Man arcade games from the 80s, and Rampage. The new Midway makes games like the Marbles! series of games and upcoming games like a Ninjabread Man remake, the Godzilla Pipeworks Trilogy (with Atari, SA), and Angry Birds: Slingshot Edition (with Activision). 
The original Midway also made amusement games and pinball machine games, and while the new Midway hasn't, they teased a potential return to make new amusement and pinball games.
== Trivia ==
* CDX had wanted to revive Midway ever since it was founded in 2016.
* The three defunct companies from the early 2000s revived by CDX consist of Midway Games itself, as well as Acclaim Entertainment and Incinerator Studios.
* It has been debated on which company CDX owns serves as the flagship game company for mature audiences.
** Said companies are:
*** Midway Games
*** Acclaim Entertainment
*** SouthPeak Games
*** Incinerator Studios
*** Data Design Interactive
** In 2021, CDX stated that Midway serves as their flagship mature-oriented company, with the rest targeted at niche audiences.
Category:2019
Category:CDX Software
Category:Companies
Category:Subsidiaries
Category:Midway Games