Submitted by Sylvie Lang
Threshold Entertainment, a Hollywood production company, reportedly filed a complaint and an objection to the proposed auction of Midway Games' assets in a U.S. bankruptcy court on June 24, 2009.
It has been suggested that Threshold's claim is an attempt to protect its rights following Warner Bros. Interactive Entertainment's $33 million offer to acquire most of the bankrupt Midway's assets. The production company alleges that it has a perpetual and exclusive license to produce films and television shows based on Mortal Kombat. Consequently, it has been reported that Threshold wants to ensure its intellectual property rights are not unduly acquired by Warner Bros or any future bidder for Midway's assets. Lawrence Kasanoff, the head of Threshold, has reportedly claimed that his company's rights stem from a 1993 agreement with Midway.
A hearing on Midway's proposed asset sale is scheduled for July 1, 2009.
Coverage at Gamespot
