Viacom Sneaking Up On Midway Takeover?

Posted by simoniker on Sunday August 22, 2004 @12:08AM from the don't-wake-the-kombat dept.

Thanks to GameSpot for its article discussing more evidence that Viacom may be considering a takeover of publisher Midway, following Viacom CEO Sumner Redstone's increasing financial stake in the company. Redstone noted in an SEC document: "The management of Viacom Inc. has... considered the possibility of participating more extensively in the electronic games business... Midway could be considered as a potential licensee of Viacom intellectual property, or as an acquisition candidate." It's noted that: "Regardless of whether Viacom buys Midway, the filing clears the way with regulators for Midway to compete for Viacom licenses." In any case, with Warner Bros also making in-roads into the game market, it seems some larger media conglomerates are considering getting back into the games industry.

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Hmm... by The+Analog+Kid · 2004-08-22 12:36 · Score: 2, Informative

Harry Lang, Executive Director of Interactive Product Development for Paramount Pictures said in that Trek gaming was not dead and that there would be an announcement before the years-end could this be the first step in reviving Trek games? Is Viacom going solo and cutting out third party developers?