Midway owes creditors $281,033,000 in liabilites
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After it was announced yesterday that Midway would be filing for restructuring through Chapter 11, a top 30 list of creditors was found. It makes for shocking reading.
Looking over the figures, it shows that Midway owes $281,033,000: the firm's $167,523,000 isn't going to cover it by a long shot.
- Wells Fargo Bank - $150,000,000
- Acquisition Holdings Subsidiary - $40,000,000 unsecured loan (Thomas is the mystery man who purchased Midway late in 2008)
- National Amusements, Inc. - $20,147,864
- NBA Properties, Inc. - $17,294,849 (License/royalty settlement)
- Tangible Media, Inc. - $8,675,954
- Warner Bros. Interactive - $6,654,203
- Artificial Mind & Movement - $2,000,000
- Epic Games - $1,975,000 (License/Royalties)
- Walmart - $1,576,035
- Far Sight Technologies - $1,279,151
- Best Buy - $1,114,036
- Target - $934,156
- Technicolor Video Services - $637,769
- Toys R Us - $615,276
- Ditan/Synergex Canada - $578,316
- CBS Outernet - $314,600
- David Zucker - $300,000 (severance pay)
- Multi Packaging Solutions - $287,036
- A.A.F.E.S Headquarters - $276,314
- Kmart - $218,497
- Tigon Studios - $200,000(license/royalties)
- Hollywood Entertainment - $190,982
- TNA Entertainment - $160,000 (license/royalties)
- Professional Films, Inc. - $150,000
- Synergex - Latin America - $149,027
- Pioneer.JB Marketing - $133,353
- Eclipse Advertising - $132,687
- GameStop - $127,250
- Sears & Roebuck - $125,495
More over at GamePolitics.