It’s dark days indeed… according to court documents posted on NetDockets, Midway is seeking an “execution of an asset purchase agreement for the sale of Midway’s Mortal Kombat franchise assets”

Around $3,755,000 in bonuses have been set aside by the flagging company for those who manage to offload the company’s rights. Mortal Kombat is undoubtedly their biggest franchise, and has been with the company since its inception.

It’ll be a strange day for the industry when Mortal Kombat will be sitting in the hands of a developer that isn’t Midway.

The plan: choose a game neither of us have played, and start recording the moment the disc hits the tray. No rehearsals. No planning. Unadulterated, unscripted commentary as we play.

The grand return of the main G&G series is here! To mark the occasion we bring in our first guest Lunchbox to play some Mortal Kombat vs DC Universe for Xbox 360.

With our comic book fantasies and fanfics brought to life we can’t help but be giddy. Watching Superman beat the crap out of Raiden never gets old by the way. So watch as we figure out the controls, test fatalities, and have a mini tournament. To include all of this the episode is longer then the rest. So make some tea and get comfortable.

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Midway has recently released its plan to bounce back from a bad cashflow. To cope with the almost quarter billion dollar debt (an estimated $240 million USD) Midway is cutting about 25% of its workforce and ceasing work on several unnamed games.

An Austin-based development branch, that created BlackSite: Area 51, will be shut down. Creative director Harvey Smith referred to the development of the game as “so fucked up”.

The Midway Chicago, responsible for the Mortal Kombat vs DC development, and San Diego branches will also be hit with layoffs.

Midway’s CEO Matt Booty explained the cuts, “…these initiates, along with other steps we have taken this year, are a response to the specific challenges we are facing at Midway, many of which have been amplified by the current economic conditions.”

Let’s hope this isn’t a cold every developer in the industry is going to catch.

Midway has asked the amazing Ross to handpaint the Kollectors Edition (Not individually of course, might be a little painful!). The box also comes with a removable print, Bonus video content, and a short 16-page comic book.

The Mortal Kombat VS DC Universe Kollectors Edition (Xbox 360, Playstation 3) will hit the shelves in November with a price tag of $69.99.

Collectors editions are getting to become more of the same, we need something different, thats worth the $10-$100 extra. Maybe a cat helmet like Halo 3 gave us.

Today Midway announced the names of the full cast-list for Mortal Kombat vs DC Universe. The list is pretty much exactly what you’d expect, with all the major regulars and big names from both franchise making the cut, including Sub-Zero, Scorpion, Batman, and Superman, amongst a few little surprises.

Mortal Kombat vs DC Universe is due for release on PS3 and Xbox on November 10th.

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