Midway owes creditors $281,033,000 in liabilites

By Stephany Nunneley

After it was announced yesterday that Midway would be filing for restructuring through Chapter 11, a top 30 list of creditors was found. It makes for shocking reading.

Looking over the figures, it shows that Midway owes $281,033,000: the firm’s $167,523,000 isn’t going to cover it by a long shot.

• Wells Fargo Bank – $150,000,000
• Acquisition Holdings Subsidiary – $40,000,000 unsecured loan (Thomas is the mystery man who purchased Midway late in 2008)
• National Amusements, Inc. – $20,147,864
• NBA Properties, Inc. – $17,294,849 (License/royalty settlement)
• Tangible Media, Inc. – $8,675,954
• Warner Bros. Interactive – $6,654,203
• Artificial Mind & Movement – $2,000,000
• Epic Games – $1,975,000 (License/Royalties)
• Walmart – $1,576,035
• Far Sight Technologies – $1,279,151
• Best Buy – $1,114,036
• Target – $934,156
• Technicolor Video Services – $637,769
• Toys R Us – $615,276
• Ditan/Synergex Canada – $578,316
• CBS Outernet – $314,600
• David Zucker – $300,000 (severance pay)
• Multi Packaging Solutions – $287,036
• A.A.F.E.S Headquarters – $276,314
• Kmart – $218,497
• Tigon Studios – $200,000(license/royalties)
• Hollywood Entertainment – $190,982
• TNA Entertainment – $160,000 (license/royalties)
• Professional Films, Inc. – $150,000
• Synergex – Latin America – $149,027
• Pioneer.JB Marketing – $133,353
• Eclipse Advertising – $132,687
• GameStop – $127,250
• Sears & Roebuck – $125,495

More over at GamePolitics.