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Nicholas Lovell
Home   >   Self-Publishing   >   Finance   >   Midway bonus scheme gets kicked back

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Midway bonus scheme gets kicked back

By on March 31, 2009

Unsecured creditors are kicking up a stink about Midway’s bonus scheme announced earlier this month.

Among other things, they claim:

  • The bonus scheme is paying additional money to staff simply to do their jobs
  • The bonuses are 400% greater than the bonuses offered to staff in 2008, when the company was not bankrupt
  • Some of the bonuses are being paid for the sale of publishing rights to Wheelman, which happened before the bonus scheme was even proposed
  • It is, apparently, more generous by far than any comparable scheme proposed.

They are pushing back hard, which seems perfectly fair in this environment.

Variety has the full details.

About Nicholas Lovell

Nicholas is the founder of Gamesbrief, a blog dedicated to the business of games. It aims to be informative, authoritative and above all helpful to developers grappling with business strategy. He is the author of a growing list of books about making money in the games industry and other digital media, including How to Publish a Game and Design Rules for Free-to-Play Games, and Penguin-published title The Curve: thecurveonline.com