Midway to pare jobs, close studio
- Share via
from times wire services
Midway Games Inc., the Chicago video game maker sold this month by Sumner Redstone, will cut 25% of its workforce and suspend development of some titles to scale back expenses as the company works to repay creditors.
Midway said it would close its Austin, Texas, studio, according to a regulatory filing.
The suspended games were planned for release in 2010 or 2011 and hadn’t been announced publicly, Midway said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
