With the publisher filing for Chapter 11 bankruptcy their dirty laundry has been pieced together by GamePolitics and posted for our pleasure.
There are a lot of peeps on the list including retailers who Midway owe sacks of cash to. The highest debt is to Wells Fargo Bank ($150m), with GameStop and Kmart near the bottom.
”…Midway claims $167,523,000 in assets versus $281,033,000 in liabilities,” reports GamePolitics.
Here are the top 30 creditors Midway owes their families internal organs too:
* Wells Fargo Bank - $150,000,000
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Acquisition Holdings Subsidiary - $40,000,000 unsecured loan (Thomas is the mystery man who purchased Midway late in 2008)
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National Amusements, Inc. - $20,147,864
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NBA Properties, Inc. - $17,294,849 (License/royalty settlement)
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Tangible Media, Inc. - $8,675,954
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Warner Bros. Interactive - $6,654,203
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Artificial Mind & Movement - $2,000,000
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Epic Games - $1,975,000 (License/Royalties)
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Walmart - $1,576,035
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Far Sight Technologies - $1,279,151
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Best Buy - $1,114,036
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Target - $934,156
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Technicolor Video Services - $637,769
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Toys R Us - $615,276
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Ditan/Synergex Canada - $578,316
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CBS Outernet - $314,600
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David Zucker - $300,000 (severance pay)
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Multi Packaging Solutions - $287,036
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A.A.F.E.S Headquarters - $276,314
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Kmart - $218,497
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Tigon Studios - $200,000(license/royalties)
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Hollywood Entertainment - $190,982
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TNA Entertainment - $160,000 (license/royalties)
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Professional Films, Inc. - $150,000
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Synergex - Latin America - $149,027
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Pioneer.JB Marketing - $133,353
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Eclipse Advertising - $132,687
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GameStop - $127,250
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Sear, Roebuck - $125,495
