Though Midway has been faced with many challenges, it seems as if they have found a way to finance the delivery of their 2008 titles that should be shipping sometime this fall. Midway Games, who reported a $34.8 million net loss and the second fiscal quarter, has made an agreement to sell up to $40 million dollars of their accounts receivables to National Amusements, Inc.

National Amusements, Inc., is a world leader in the motion picture exhibition industry operating more than 1,500 movie screens in the U.S., U.K., Latin America and Russia. National Amusements delivers a superior entertainment experience in theatres around the world under its Showcase, Multiplex, Cinema de Lux, and KinoStar brands.

Based in Dedham, Massachusetts, National Amusements is a closely held company operating under the third generation of leadership by the Redstone family. National Amusements is also an equal partner in the online ticketing service, MovieTickets.com, and is the parent company of both Viacom and CBS Corporation.

Midway is forecasting a $52 million dollar increase in revenue once they release Blitz: The League II, TNA Impact and Mortal Kombat vs. DC Universe. We hope this agreement turns things around for Midway Games. We are really looking forward to playing MK vs. DC.