MWY Midway Games

Midway Games Inc. (NYSE: MWY), a leading interactive entertainment publisher and developer today announced a groundbreaking video submission contest in association with John Woo and his video game production company, Tiger Hill Entertainment, Spike TV and Fox Interactive Media: Stranglehold�s True to John Woo Short Film Contest. Hosted exclusively on MySpace (http://www.myspace.com/strangleholdgame), and promoted across other Fox Interactive Media properties including IGN Entertainment (http://ign.com/stranglehold), this unique contest is scheduled to launch April 30th and encourages contestants to create the most authentic John Woo-style short film. Contest ends June 25, 2007. No purchase necessary. The grand prize winner will receive $25,000, a trip for two to Midway�s Chicago studios to meet developers and tape an interview for Spike TV, the chance to personally premiere the short film on Spike TV, an authentic �Hard Boiled� movie poster autographed by John Woo, an Amp�d mobile phone with six months� service, and a copy of Stranglehold.(a) �Stranglehold�s cinematic action is directly inspired by John Woo�s acclaimed action films and their unique style,� said Mona Hamilton, vice president of marketing, Midway Amusement Games, LLC. �We�ve created a premier collaboration with Spike TV and Fox Interactive Media�s MySpace and IGN Entertainment sites that gives fans the opportunity to put their creativity to the test with a short film judged by John Woo himself.� �Young filmmakers need encouragement to grow; it is an aspect of my profession which I cherish deeply,� said action director John Woo. �I know the Stranglehold Short Film Contest will find new talent and with it, new possibilities.� In addition to the premiere on Spike TV expected this summer, both the game release and short film winner will be a featured segment on �Game Head,� Spike TV�s weekly series dedicated to everything that is happening in the world of video games, giving viewers an uncompromised look at the culture of video games. Additionally, the films of ten finalists are expected to be posted on MySpace, with user voting determining a second �audience choice� winner, who will receive prizes including $1000, an Amp�d mobile phone with six months� service, an authentic �Hard Boiled� movie poster autographed by John Woo and a copy of Stranglehold.(a) Fans will also be able to learn more about the game, the contest and the art of John Woo�s filmmaking by visiting both the Stranglehold contest profile on MySpace, and an exclusive IGN micro site dedicated to the game (http://www.ign.com/stranglehold). Entries to Stranglehold�s short film contest must be no longer than two minutes and thirty seconds in length and will be judged using three specific criteria: Overall Quality � 40% - includes cinematography, editing, sound, image quality and technical production Strength of John Woo Homage � 40% - includes extent of homage, quality of homage and use of Woo signature techniques Creativity � 20% - includes screenplay, acting and overall impression For more about Stranglehold�s short film contest, including official rules and regulations visit: http://www.myspace.com/strangleholdgame (a) Stranglehold�s True to John Woo Video Contest prizes are subject to change. About Stranglehold� A collaboration with world renowned action film director John Woo�s Tiger Hill Entertainment, Stranglehold allows players to experience the excitement of true next-gen action as you take on the role of Inspector Tequila created by John Woo for his influential action film, Hard Boiled starring Chow Yun-Fat. Ensnared by a crime boss with a gripping secret, Inspector Tequila is forced to cross the line from sworn duty to bloody revenge. Engage your enemies with intense cinematic gun battles and cause massive environmental damage in real-time or revolutionary slow-motion Tequila Time. Stranglehold is currently scheduled to ship Summer 2007. More information about Stranglehold can be found online at www.strangleholdgame.com About Tiger Hill Entertainment Tiger Hill is the sister company to Woo and Chang�s Lion Rock Productions, the feature film and television company whose credits include BROKEN ARROW, FACE/OFF, MISSION IMPOSSIBLE II, THE BIG HIT and WINDTALKERS. Tiger Hill develops and creatively produces content for video games, animation, and comic book properties. Currently on shelves now is John Woo�s 7 BROTHERS published by Virgin Comics, and due for release early next year is the feature length anime EX MACHINA, the sequel to the 2005 feature anime APPLESEED. Woo�s next directing project RED CLIFF is also in development as an anime and video game project all due for release in the summer of 2008. About Spike TV SPIKE TV is available in more than 91.6 million homes and is a division of MTV Networks. A unit of�VIACOM (NYSE: VIA, VIA.B), MTV Networks is one of the world�s leading creators of programming and content across all media platforms. About MySpace MySpace, a Fox Interactive Media company, is the premier lifestyle portal for connecting with friends, discovering popular culture, and making a positive impact on the world. By integrating web profiles, blogs, instant messaging, e-mail, music streaming, music videos, photo galleries, classified listings, events, groups, college communities, and member forums, MySpace has created a connected community. As the second ranked destination in terms of page views(b), MySpace is the most widely-used and highly regarded site of its kind and is committed to providing the highest quality member experience. MySpace will continue to innovate with new features that allow its members to express their creativity and share their lives, both online and off. MySpace�s international network includes localized community sites in the United States, the United Kingdom, Japan, France, Germany, Australia, Ireland, Spain, Italy, Mexico, Canada, and New Zealand. (b)Among the top 2000 domains comScore Media Metrix, February 2007. About IGN Entertainment IGN Entertainment, a unit of Fox Interactive Media, Inc., is a leading Internet media and services provider focused on the videogame and entertainment enthusiast markets. Collectively, IGN's properties reached more than 30 million unique users worldwide in the month of August 2006, according to Internet audience measurement firm comScore Media Metrix.(c) IGN's network of videogame-related properties (IGN.com, GameSpy, FilePlanet, TeamXbox, Direct2Drive and others), is the web's number one videogame information destination and attracts one of the largest concentrated audiences of young males on the Internet. IGN also owns and operates the popular movie-related website, Rotten Tomatoes and one of the leading male lifestyle websites, AskMen.com. In addition, IGN provides technology for online game play in videogames. IGN is headquartered in the San Francisco Bay Area, with offices throughout the U.S. and in Montreal. (c)comScore August 2006 About Midway Midway Games Inc. (NYSE:MWY), headquartered in Chicago, Illinois, with offices throughout the world, is a leading developer and publisher of interactive entertainment software for major videogame systems and personal computers. More information about Midway and its products can be found at www.midway.com. Midway has provided the www.myspace.com/strangleholdgame, IGN.com, GameSpy, FilePlanet, TeamXbox, Direct2Drive, Rotten Tomatoes, Askmen.com and www.ign.com/Stranglehold links solely as a convenience for you. The information on these sites has been prepared by third parties, and Midway does not monitor, endorse or accept responsibility for the content on non-Midway sites. �This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning future business conditions and the outlook for Midway Games Inc. (the "Company") based on currently available information that involves risks and uncertainties. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of these risks and uncertainties, including, without limitation, the financial strength of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, the current console platform transition and other technological changes, dependence on major platform manufacturers and other risks more fully described under "Item 1. Business - Risk Factors" in the Company�s Annual Report on Form 10-K for the year ended December 31, 2006, and in any more recent filings made by the Company with the Securities and Exchange Commission. Each forward-looking statement, including, without limitation, financial guidance, speaks only as of the date on which it is made, and Midway undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances, except as required by law.�