• »Sign In
  • »Sign Up
  • Check Out
  • »FAQs

    China Electronics Wholesaler

    E-mail:
    Password:
    • SHOPPING
    • NEWS
    • KNOWLEDGE
    • FROUM
    0 Items(s)(US$0.000)
    • All Topics
    • >>
    • Game Hardware
    • >>
    • Gaming Industry News
    • Submit a New Story
    • 5
    • dig it

    Midway CEO Distressed by Lack of Retailer Confidence

    Retailers' reluctance to invest in day-one sales is a major concern for the financially troubled company. By Dustin Quillen, 11/11/2008

    MidwayGamasutra sat in on the recent Midway quarterly report, which brought attention to yet another distressing gaming industry trend during these troubled financial times: Retailers have become less willing to invest in huge videogame launches.

    Worries of a more frugal consumer during the current economic crisis seem to be the source of retailer hesitance. "The retail climate has gotten more difficult in the past couple months," explained Midway CEO Matt Booty, continuing, "[We're seeing] a little more caution on the part of retailers. Whether or not that caution is warranted remains to be seen as we enter the holiday [season]."

    In the face of tremendous losses for his own company, Booty remains considerate of retailers' reluctance "to step out and put in very large orders for day one sales," stating, "I think that's understandable given the economic climate."

    With so much of Midway's future hinging on the reception of their upcoming Mortal Kombat vs. DC Universe, this is a company that desperately needs the confidence of retailers nationwide. When a former industry leader like Midway is having trouble getting their products into stores, imagine how rough things are getting for some of the smaller publishers out there. If this situation doesn't improve soon, then it might be time for financial analyst Michael Pachter to revise his previous statement: "I don't think that the market meltdown will impact game delivery for a couple of years, if ever."


    Submitted:
    58 days ago
    Submitter:
    aniBOOM
    Topic:
    Game Hardware>>Gaming Industry News
    Source:
    www.1up.com
    • Preorder Crayon Physics Deluxe and Get $5 Off
    • Richard Garriott to Man Space Mission
    • Fallout 3 Pulls Nuke References for Japan
    • Tabula Rasa is Now $1
    • iPhone Gaming Continues to Take Off
    • Google Launches Free Video Chat Service
     
    Cassette MP3 Player - Stand Alone or Car Cassette Player, MP3P-CAS-001-0MB
    Sample Price:US$21.975
     
    Standard ISO 1 DIN size, 7-Inch in-dash TFT LCD Screen DVD Player
    Sample Price:US$268.974
    Comments (0)
    • Add Your Comment
    • Please login or register to submit your comment.
      • What are the benefits of having a Dig account?
      • Share your opinion by posting comments on the stories that interest you
      • Dig the stories that you like and help determine what should be popular on Digg
      • Create a network of friends, so you can help each other find interesting stories
      • Start building a history of content that you've Dugg, for easy reference later
     
    Standard ISO 1 DIN size, 7-Inch in-dash TFT LCD Monitor with DVD Player
    Sample Price:US$219.018
     
    A+ Level - Iphone Style Mobile Phone, MATB-A188
    Sample Price:
    US$149.137US$141.680
    CUSTOMER SERVICE SHOPPING HELP MY ACCOUNT COMPANY INFO TOOLS & RESOURCES
    • Contact Us
    • RMA Request
    • Looking for a item
    • Send Us a Message
    • Shopping Process
    • Return Policy
    • FAQs
    • Knowledge Base
    • Login/Register
    • My Account
    • Order History
    • My Wish list
    • About Us
    • The VIP Club
    • Customer Comments
    • Bank Account Info
    • Site Map
    • Downloads
    • Search
    • Links

    visamastercarddiscoverecheckamexpaypalPayPal VerifiedUCC

    VIP Club | Policies | Privacy Notice | Copyright © 2006 China Electronics Wholesaler Inc. All rights reserved.