This afternoon <a href='http://www.midway.com'>Midway Games</a> had their <a href='http://biz.yahoo.com/cc/5/48335.html'>3rd Quarter 2004 Results Conference Call</A>. They touched on many details of their finances due to current titles like <B>Mortal Kombat: Deception</B> and <B>Midway Arcade Classics Volume 2</B> and future plans for the next generation consoles. Here is a brief rundown of the call, you can also listen to <a href='http://biz.yahoo.com/cc/5/48335.html'>the call</A> until Wednesday November 9th.
<B><I>Moral Kombat: Deception</B></I><UL><LI>Has continued to gain top critic reviews, shipped <A href='http://biz.yahoo.com/bw/041012/125301_1.html'>one million units</a> and was #1 game for the first week of release in major retailers EB Games and Gamestop.
<LI>Approved for International Release by both Sony and Microsoft, that release is later this month for Europe. When it comes to global sales, domestic takes about 60-65% of all sales, while international takes the remaining 30-35%. So there are still a significant number of copies to be made overseas.
<LI>The $59.99 "Kollectors Editions" sold out at all retailers and "counts for one third of all sales of all mortal kombat deception games to date".
<LI>Because of the strong sales of MKD in US and approving of the game for International markets, they expect Midway Games will have its first profitable Quarter since 1999.
</UL>
<B><I>Midway Arcade Classics Vol. 2</B></I><UL><LI>Profitable example of their use of existing Intellectual Property.
<LI>More similar titles to come soon. (Maybe we'll finally get UMK3 and MK4?)
</UL>
<B><I>Plans for 2005 and beyond...</B></I><UL><LI><B>Mortal Kombat: Shaolin Monks</B> is slated for debut next year. It expands the MK franchise into the action/adventure genre while taking advantage of the established mythology of the MK Universe.
<LI>Goal to be a major player in next generation of consoles. This is something they feel they failed the transition last time and it's a priority this time to be on the "front line" this time.
<LI>One new license is <a href="http://biz.yahoo.com/bw/040923/235372_1.html">Fear and Respect</A> that is being developed along with director John Singleton (Boyz' In The Hood, 2 Fast 2 Furious).
<LI>Expanding existing Intellectual Property with the release of <B>Area 51</B>, which is being worked on by the Austin, TX development company, <A HREF='http://www.inevitable.com/'>Inevitable Entertainment</A>, which was recently purchased by Midway.
<LI>Publishing the new <B>Unreal</B> and <B>Unreal Tournament</B> games slated for next year.
<LI>Estimate that around 2nd Quarter next year, front line titles that are normally $49.99 will lower to the $39.99 price point because of the new generation systems expected debut by the end of the year.
</UL>
<B><I>Moral Kombat: Deception</B></I><UL><LI>Has continued to gain top critic reviews, shipped <A href='http://biz.yahoo.com/bw/041012/125301_1.html'>one million units</a> and was #1 game for the first week of release in major retailers EB Games and Gamestop.
<LI>Approved for International Release by both Sony and Microsoft, that release is later this month for Europe. When it comes to global sales, domestic takes about 60-65% of all sales, while international takes the remaining 30-35%. So there are still a significant number of copies to be made overseas.
<LI>The $59.99 "Kollectors Editions" sold out at all retailers and "counts for one third of all sales of all mortal kombat deception games to date".
<LI>Because of the strong sales of MKD in US and approving of the game for International markets, they expect Midway Games will have its first profitable Quarter since 1999.
</UL>
<B><I>Midway Arcade Classics Vol. 2</B></I><UL><LI>Profitable example of their use of existing Intellectual Property.
<LI>More similar titles to come soon. (Maybe we'll finally get UMK3 and MK4?)
</UL>
<B><I>Plans for 2005 and beyond...</B></I><UL><LI><B>Mortal Kombat: Shaolin Monks</B> is slated for debut next year. It expands the MK franchise into the action/adventure genre while taking advantage of the established mythology of the MK Universe.
<LI>Goal to be a major player in next generation of consoles. This is something they feel they failed the transition last time and it's a priority this time to be on the "front line" this time.
<LI>One new license is <a href="http://biz.yahoo.com/bw/040923/235372_1.html">Fear and Respect</A> that is being developed along with director John Singleton (Boyz' In The Hood, 2 Fast 2 Furious).
<LI>Expanding existing Intellectual Property with the release of <B>Area 51</B>, which is being worked on by the Austin, TX development company, <A HREF='http://www.inevitable.com/'>Inevitable Entertainment</A>, which was recently purchased by Midway.
<LI>Publishing the new <B>Unreal</B> and <B>Unreal Tournament</B> games slated for next year.
<LI>Estimate that around 2nd Quarter next year, front line titles that are normally $49.99 will lower to the $39.99 price point because of the new generation systems expected debut by the end of the year.
</UL>
