Midway posts big Q1 losses, three top execs resign

Midway has opened the fiscal year with some pretty big losses, and some shuffling has been done in hopes of turning the company’s fortunes around. Three top executives have had their resignations confirmed, while a few more could be made public in the coming days. More in the full article.

Midway has confirmed the departure of three top execs in recent weeks. Mike Bilder, Mona Hamilton, and Reilly Brennan have all left the Chicago-based company’s mantle.

Bilder was Midway’s head for its Chicago studio and he was responsible for overseeing such franchises as Mortal Kombat, Stranglehold, and Bltz: The League. Hamilton is the firm’s vice-president for marketing while Brennan was the former director of media relations.

Midway has reportedly lost US$ 34.8 million dollars in the first quarter alone of the current fiscal year. It’s one of the few publishers who did not benefit from an otherwise strong season for the industry.

There have also been rumors of other high-profile personnel leaving the company, but Midway has refused to confirm their identities. the company said it’s currently looking into who can fill in the spots vacated by the three former bosses.

• Midway posts losses, gains for first quarter; aims to target casual market
• Midway closing LA studio, moving operations to San Diego

Via Kotaku