Midway Games announced its product portfolio to be shown at the 2008 E3 Media & Business Summit, showcasing exciting new IPs such as Wheelman starring action film star Vin Diesel, This is Vegas, TNA Impact, Mortal Kombat vs. DC Universe, casual titles such as the Game Party sequel, and several others.

After three years of lock down secrecy, KingsIsle Entertainment uncloaked itself today, revealing its team of more than 100 employees, including talent such as Tom Hall (DOOM, Commander Keen, Wolfenstein 3D), Wolfpack Studios' Todd Coleman( Shadowbane) and former Midway exec David Nichols, working on multiple MMO projects under a cone of silence.

Check out the following new screens and trailers from Midway's Gamers Day 2008 lineup:

• 'NBA Ballers: Chosen One' (ALL) - Facts, Features, Screens & Trailer
• 'The Wheelman' (PS3/X360/PC) - Facts, Features, Screens & Trailer
• 'TNA iMPACT!' (PS2/Wii/PS3/X360) - Facts, Features, Screens & Trailer
• 'Unreal Tournament 3' (X360) - Facts, Features, Screens & Trailer
• 'Blitz: The League II' [ALL] Revealed
• 'This is Vegas' (PS3/X360/PC) - Screens & Trailer
• 'Mortal Kombat vs. DC Universe' (PS3/X360) Officially Announced - Trailer

Midway Games announced that Miguel Iribarren has been promoted to Senior Vice President – Publishing of Midway Games Inc., and that Martin Spiess has been promoted to the position of Executive Vice President, International of Midway Games Ltd., a subsidiary of Midway Games Inc.

After its executive VP recently resigned and with the inability to stop the losses from mounting, CEO David F. Zucker has decided to call it quits and quietly resigned. Midway has appointed Matt Booty as Interim CEO while the Board of Directors searches for a new Chief Executive Officer and President.

Midway released its 2007 and Q1 2008 financial numbers, revealing net revenues are down (from $96.9M to $77.6M), while Q4 losses increased from $2M in 2006 to $29.7M in 2007. To brace itself for impact, Midway has dropped its $30 million credit with Wells Fargo Foothill and instead opted for a $90 million deal with National Amusements, Inc.

Midway announced that Thomas E. Powell, its executive vice president, chief financial officer, and treasurer, has resigned to take a position with another firm, and has appointed Ryan O'Desky, vice president – finance, controller, and assistant treasurer, as interim chief financial officer until it finds a permanent replacement.

Ever since SCi, Eidos' parent company, revealed that it was in "early/preliminary" talks with several interested parties regarding a possible takeover, rumors have been plentiful. When David Zucker became Midway's CEO in 2003, there were negotiations but nothing came of it, and a few months back Ubisoft stated it was no longer interested. Industry insiders now claim SCi and Midway may have picked up where they left off, but neither party gave any comment.

Midway announced that, after 3 years of service, Kenneth D. Cron has resigned as chairman from the Company’s Board of Directors, and will be replaced by vice chair Shari E. Redstone, who is also vice chair of Viacom and CBS Corporation.

Earlier this week, the Internet was on fiyah when Midway Austin's creative director Harvey Smith, lead designer of Ion Storm's Deus Ex titles, publicly criticized Blacksite: Area 51, for which he was lead designer, as being "f***ed up." Smith made the controversial statement at a Montreal International Game Summit lecture, blaming poor handling and pressure to share tech to get the title out before it was ready. Studio head Denise Fulton confirmed that the dismissal was by mutual agreement.

Midway reduced its Q3 2007 expected revenue from $50M to $39M, mainly because of pushing Stranglehold (PS3) into Q4, the delay of UT 3 (PS3) until Q1 2008 and lackluster sales of BlackSite: Area 51 due to the split shipment between the X360 and PS3 versions. Their expected annual revenue has been lowered from $225M to $170M. However new installments in the Mortal Kombat and Blitz franchises were revealed.

Midway has released screens and trailers for the following upcoming titles:

• 'Aqua Teen Hunger Force Zombie Ninja Pro-Am' (PS2) - Screens & Trailer
• 'BlackSite: Area 51' (PS3/X360/PC) - 6 New Screens & Trailer
• 'Stranglehold' (ALL) - 4 New Screens
• 'Cruis'n' (Wii) - 3 New Screens
• 'Ultimate Mortal Kombat' (NDS) - Screens
• 'Game Party' (Wii) - 4 New Screens

Midway Games announced its product portfolio to be shown at the annual Games Convention, August 23-27 in Leipzig, Germany, featuring titles such as Stranglehold, BlackSite Area 51, Unreal Tournament 3, Ultimate Mortal Kombat, and kid's games like Foster's Home for Imaginary Friends.

Midway has not only signed the European publishing rights to Neko Entertainment's fast and fun-packed GBA title Cocoto Kart Racer, but also for Myst (excluding South Africa, Australia & New Zealand) on NDS.

Midway's financial result reveals an upward trend of higher revenue ($31.8M, compared to last year's $25.9M) and less loss ($14.3M compared to $31M over the same period last year), with disappointing sales for Wii's Mortal Kombat, Lord of the Rings Online, and Hour of Victory. In the conference call, Midway announced it was delaying BlackSite: Area 51 (from Sept. to Nov. 5,) and Wheelman (all the way back to 2008).

Midway has released screens and trailers for the following upcoming titles:

• 'Aqua Teen Hunger Force Zombie Ninja Pro-Am' (PS2) - Screens
• 'BlackSite: Area 51' (PS3/X360/PC) - Screens & Trailer
• 'Stranglehold' (ALL) - Screens & Trailer
• 'Unreal Tournament 3' (ALL) - Screens & Trailer

Midway announced its product portfolio to be shown at the E3 Business & Media Summit. This year's lineup showcases new properties such as Stranglehold, BlackSite: Area 51, proven brands such as UT 3, and Ultimate Mortal Kombat, and kid's games like Foster's Home for Imaginary Friends.

Midway announced that five new titles are in development exclusively for Nintendo systems. Only for Wii, experience the rebirth of action racing with Cruis'n and a collection of classic skill games with Game Party. Ultimate Mortal Kombat, The Bee Game and a title based on Cartoon Network's top-rated, kids animated series Foster's Home for Imaginary Friends are all in development exclusively for NDS.

Battlestations: Midway follows the story of naval recruit Henry Walker, whose first assignment as a gunner at Pearl Harbor is the starting point of an incredible career at the heart of the US Pacific Fleet in 1942, in what was to become one of the most inspirational military campaigns in history. One single, one multiplayer map, and 5 new vehicles...

Online multiplayer middleware developer Quazal and Midway announced today that they have signed an agreement that will see the Midway add Quazal’s Rendez-Vous and Spark! technologies for in-game lobby and matchmaking features across multiple next-gen titles.

Battlestations: Midway follows the story of naval recruit Henry Walker, whose first assignment as a gunner at Pearl Harbor is the starting point of an incredible career at the heart of the US Pacific Fleet in 1942, in what was to become one of the most inspirational military campaigns in history. This v1.1.1 patch mainly addresses multiplayer issues.

Battlestations: Midway follows the story of naval recruit Henry Walker, whose first assignment as a gunner at Pearl Harbor is the starting point of an incredible career at the heart of the US Pacific Fleet in 1942, in what was to become one of the most inspirational military campaigns in history. This v1.1 patch mainly addresses multiplayer issues.

Battlestations: Midway follows the story of naval recruit Henry Walker, whose first assignment as a gunner at Pearl Harbor is the starting point of an incredible career at the heart of the US Pacific Fleet in 1942. Eidos has released 2 new historical battle maps and brand new vehicles now available on Xbox Live Marketplace.

Battlestations: Midway follows the story of naval recruit Henry Walker, whose first assignment as a gunner at Pearl Harbor is the starting point of an incredible career at the heart of the US Pacific Fleet in 1942, in what was to become one of the most inspirational military campaigns in history.

Midway announced the creation of the Central Outsourcing Group (COG) within its Midway Austin studio to lead all of its internal studios' outsourcing efforts and help streamline game development.