Midway shares dropped 12% on Monday, down 15 cents to $1.10. That's a 67% drop from the same time last year. In September Midway sold accounts receievable to National Amusements to help with it's fall releases. Just last week Midway also canceled licensing agreements(and the games) that weren't making them enough money. Finally, to top it all off, for the last quarter Midway reported losses of $34 million.

This isn't anything new though. Since 2004 Midway has lost $300 million and their owner, Sumner Redstone, has lost over $500 million in equity since taking over Midway.

If their fall lineup doesn't succeed we may very well see the end of Midway Games.

Source: [GamesIndustry]