Midway snaps up Suffering studio
7th Apr 2004 | 13:04
Midway Games has announced the acquisition of Surreal Software Inc, the schlock-horror loving developer which recently produced the gruesome prison-based arcade-adventure The Suffering for the publisher.
Midway acquired Surreal in an all-stock transaction for 540,317 Midway common shares, apparently, and the deal has led to Midway revising revenue expectations for the financial quarter just ended (March 31).
Previously Midway had expected revenues of $12 million dollars, but the company now expects that figure to rise by 50 percent to $18 million. Much of this success, it seems, is attributed to strong sales for The Suffering, which was released in the US on Xbox and PS2 on March 8, and arrives in Europe from May 14.
Midway President and chief executive officer David F. Zucker reckons: "The positive market reception to The Suffering illustrates our ability to successfully develop and release entirely new properties that resonate strongly with the growing audience of sophisticated, mature gamers."
If that's a bit too corporate for you, we reckon he's actually saying that Midway will keep piling on the gore because the kids love it. Cheers Dave...
