According to netDockets, the troubled publisher Midway, who recently filed for chapter 11 bankruptcy is looking to sell its 20 year old legendary franchise Mortal Kombat in a bid to stay afloat.
In what appears to be a growing trend of rewarding failure Midway have set aside $3,755,000 (around £2.6m) for management-level employee bonuses, (Yes, you read that correctly $3.7m in management-level employee bonuses for a company which recently filed for chapter 11 bankruptcy) if they meet the following goals:
1) Entry into a publishing/distribution agreement for Midway’s new “Wheelman” [Check. Ubisoft have snapped up the publishing rights.]
2) "Execution of an asset purchase agreement for the sale of Midway's Mortal Kombat franchise assets".
3) The earlier to occur of (i) confirmation of a plan of reorganization or liquidation or (ii) closing of a sale of Midway’s Mortal Kombat franchise assets. (So good they listed it twice.)
Selling MK could be just enough to stop Midway drowning but after the sale will it be worth saving? The only good news is that a sale could finally give the Mortal Kombat franchise some much needed rejuvenation.