Midway CEO resigns, impending trouble?
Category: Industry, Posted: 03/24/2008 at 12:14PM EDT by Billy Wang, Contributor
Despite some less than enthusiastic responses to a few of their games last year, Midway's CEO David Zucker remained optimistic once the new year began. For 2008, Zucker discussed that Midway would focus on "fewer, bigger, better" titles along with more video game tie-ins with Hollywood films.
But today, things look pretty grim because Midway parted ways with Zucker after his five-year stint with the company. In the meantime, senior vice president Matthew V. Booty, who joined Midway in 1991, would act as his interim replacement till a suitable CEO is found.
Shari Redstone, Midway chairwoman, said, "Dynamic new leadership is needed to bring Midway to its full potential. I believe that Midway has the resources and creative capability to once again be competitive with the best in the videogame business. The Board is confident that a new CEO will be selected who can fully utilize the opportunities presented by this next-generation console cycle to renew Midway's position as a major player in the videogame industry."
Rumors are currently swirling that Midway may merge with UK publisher SCi Entertainment in order to keep both companies afloat. Despite a less than stellar response to Unreal Tournament 3, Stranglehold has sold over a million copies for its platforms.
[Via GameSpot]
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(For 2008, Zucker discussed that Midway would focus on "fewer, bigger, better" titles along with more video game tie-ins with Hollywood films)
Yeah, you sure would not want another million seller like Stranglehold on your hands. No wonder he got canned.