Midway today announced revised estimates for the its third quarter ended September 30, 2007, and fiscal year ending December 31, 2007. Midway revealed that Unreal Tournament 3 will not be hitting the PS3 until the first quarter of 2008. The title was originally announced to release this November along side the PC version.
Also changed was the release date of Stranglehold for the PS3 into the Fourth Quarter of 2007 and lower sales for Blacksite: Area 51 for the PS3 and Xbox 360.
David F. Zucker, president and chief executive officer, commented, "While we regret that these delays will cause us to lose some valuable holiday sales in the near term as well as shift revenue for some of these titles out of 2007 and into 2008, we remain confident that our technology strategy and product plan position us to grow both revenue and market share as we move into the heart of this console cycle. Looking ahead to 2008, with our core technology platform now in place, we expect to release a number of titles, including already announced console versions of Unreal Tournament 3, a next generation installment of our NBA Ballers franchise, Wheelman, and TNA iMPACT! the video game. We also expect to release several as-yet unannounced titles such as next generation versions of our hit franchises Blitz and Mortal Kombat, and two exciting new ambitious open world games. We intend to give more details on our 2008 release schedule in the near future."
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