![]() Sumner Redstone, the former head of the now merged Viacom and CBS Corporation, increased his stake in Midway from about 15% in 1998, to about 87% by the end of 2007. Īfter 2000, Midway continued to develop and publish video games for home and handheld video game machines, but it experienced large annual net losses and engaged in a series of stock and debt offerings and other financings and borrowings. Midway was ranked the fourth largest-selling video game publisher in 2000. In 1998, WMS spun off its remaining shares of Midway. After years as a leader in the arcade segment, Midway moved into the growing home video game market beginning in 1996, the same year that it made its initial public offering of stock. ![]() In 1988, Midway was purchased and re-incorporated by WMS Industries Inc. Bally then merged its pinball division into Midway in 1982. The company scored its first mainstream hit with the U.S. In 1973, Midway moved into the interactive entertainment industry, developing and publishing arcade video games. The company was then purchased by Bally Manufacturing in 1969, and used the Bally Midway name in the 1980s. The company was founded as Midway Manufacturing in 1958, as an amusement game manufacturer. Midway also acquired the rights to video games that were originally developed by Williams Electronics and Atari Games, such as Defender, Joust, Robotron 2084, Gauntlet, and the Rush series. ![]() Midway's franchises included Mortal Kombat, Rampage, Spy Hunter, NBA Jam, Cruis'n, and NFL Blitz. Midway Games Inc., known variously as Midway Manufacturing and Bally Midway, and commonly known as simply Midway, was an American video game developer and publisher.
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