Midway Games Inc. (NYSE: MWY), a leading interactive
entertainment publisher and developer, announced today that it has
entered into a strategic relationship with Ubisoft to publish
Wheelman�, the highly-anticipated open-world driving game starring
action-film megastar Vin Diesel as an expert driver for hire.
Ubisoft will handle sales, marketing, and distribution of the title
in North America, South America, Australia, New Zealand, France,
Germany, Austria, Ireland and the United Kingdom. Midway will
continue to direct the development of the title and retains all
future rights to the franchise and will sell the title in all other
European territories.
Wheelman is scheduled for a March 24, 2009, ship date in North
America and a March 27, 2009, street date in Europe for the Xbox
360� video game and entertainment system from Microsoft, the
PLAYSTATION�3 computer entertainment system and Windows PC. A
pre-launch demo is also planned for the Xbox 360 and PS3.
�We are pleased to be partnering with Midway to bring Wheelman
to stores worldwide,� said Tony Key, senior vice president of sales
and marketing, Ubisoft. �The cutting edge open-world driving
technology in Wheelman should make for an experience that gamers
will enjoy.�
�Ubisoft�s decision to join Midway in a co-publishing agreement
is a gratifying validation of Wheelman�s potential,� commented Matt
Booty, president and CEO, Midway. �Ubisoft has a proven expertise
at bringing new IP to market, which will allow us to reach a
broader consumer segment with Wheelman, while helping Midway to
balance the risk profile of our product portfolio.�
�The development team in Newcastle, UK, has fine-tuned and
polished Wheelman, especially in these last few months, to deliver
a true Hollywood blockbuster experience,� said Craig Duncan, studio
head, Midway Studios � Newcastle Ltd. �The demo due out for Xbox
360 and PS3 will show that Wheelman�s new game design mechanics
like cinematic super moves and vehicular combat will revolutionize
driving games.�
About Wheelman
Action film megastar Vin Diesel and his Tigon Studios are again
blurring the lines between entertainment mediums, this time
collaborating with Midway in the design and production of Wheelman
to ensure an edge-of-your-seat gaming experience. Diesel's voice
and likeness will appear as the game's main character, expert
Wheelman Milo Burik.
Combining spectacular Hollywood-style stunts with a gripping
storyline, Wheelman provides an adrenaline-fueled, cinematic thrill
ride guaranteed to leave you breathless. Weave in and out of
traffic, engaging in intense vehicular warfare through the winding
streets of Barcelona. Your vehicle is your weapon, leaving wreckage
in your wake as you take out anything or anyone that gets in your
way. Wheelman is slated for a March 24, 2009, ship date in North
America and a March 27, 2009, street date in Europe for Xbox 360,
PLAYSTATION�3 computer entertainment system, and for Windows
PC.
About Tigon Studios
Based in Los Angeles, California, TIGON STUDIOS was founded in
2002 by Vin Diesel with the goal of breaking new ground in
interactive franchise entertainment by bringing strong story, high
production value and interesting and intelligent characters which
can exist in multiple mediums, simultaneously to the gaming and
film & television industries. TIGON focuses on creating
properties that can be launched in both mediums.
The only game production company founded by a major motion
picture star, TIGON combines a film industry style business model
with veteran talent from the gaming industry to produce the highest
quality of interactive entertainment. In its unique role, TIGON
works closely with both the developer and the publisher of its
games to ensure clear creative vision and quality in each title. By
combining the strengths of traditional film development with the
innovations of the video game world, TIGON is in an exclusive
position to ensure streamlined production across various
platforms.
About Ubisoft
Ubisoft is a leading producer, publisher and distributor of
interactive entertainment products worldwide and has grown
considerably through a strong and diversified line-up of products
and partnerships. Ubisoft has teams in 28 countries and distributes
games in more than 55 countries around the globe. It is committed
to delivering high-quality, cutting-edge video game titles to
consumers. For the 2007-08 fiscal year, Ubisoft generated sales of
928 million euros. To learn more, please visit
www.ubisoftgroup.com.
About Midway
Midway Games Inc. (NYSE:MWY), headquartered in Chicago,
Illinois, with offices throughout the world, is a leading developer
and publisher of interactive entertainment software for major
videogame systems and personal computers. More information about
Midway and its products can be found at www.midway.com.
WHEELMAN is a trademark of Midway Home Entertainment Inc.
�PlayStation�, �PLAYSTATION� and �PS� Family logo are registered
trademarks of Sony Computer Entertainment Inc. Xbox is a registered
trademark of Microsoft Corporation in the United States and/or
other countries. Ubisoft, Ubi.com, and the Ubisoft logo are
trademarks of Ubisoft Entertainment in the U.S. and/or other
countries.
All other trademarks are the property of their respective
owners. Midway has provided the www.ubisoftgroup.com link solely as
a convenience for you. The information on this site has been
prepared by third parties, and Midway does not monitor, endorse or
accept responsibility for the content on non-Midway sites.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
concerning future business conditions and the outlook for Midway
Games Inc. (the "Company") based on currently available information
that involves risks and uncertainties. These forward-looking
statements include, without limitation, statements regarding the
Company�s expectations concerning the continuation of its
day-to-day operations during bankruptcy. The Company's actual
results could differ materially from those anticipated in the
forward-looking statements as a result of these risks and
uncertainties, including, without limitation, (1) the impact of the
Company�s Chapter 11 filing on its operations; (2) the ability of
the Company to continue as a going concern; (3) the ability of the
Company to operate pursuant to the agreement with its secured
creditor for the use of its cash collateral; (4) the ability of the
Company to develop, pursue, confirm and consummate one or more
plans of reorganization with respect to the Chapter 11 cases; (5)
the ability of the Company to obtain and maintain normal terms with
vendors and service providers; (6) the ability of the Company to
maintain contracts that are critical to its operations; (7)
potential adverse developments with respect to the Company�s
liquidity or results of operations; (8) the ability of the Company
to fund and execute its business plan; and (9) the financial
strength of the interactive entertainment industry. Discussion of
additional factors that could cause actual results to differ
materially from management�s projections, forecasts, estimates and
expectations is set forth under "Item 1. Business - Risk Factors"
in the Company�s Annual Report on Form 10-K for the year ended
December 31, 2007, and in more recent filings made by the Company
with the Securities and Exchange Commission. Each forward-looking
statement, including, without limitation, financial guidance,
speaks only as of the date on which it is made, and Midway
undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after the date on which it is made
or to reflect the occurrence of anticipated or unanticipated events
or circumstances, except as required by law.
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