Looks like Gravity Games on GameCube just came crashing down.
Midway has just announced worse-than-expected sales for many of its titles and has canned the GameCube version of Gravity Games: Street. Dirt. Vert. which was planned for the release in Q3 2002. The game will still come out on PS2 and X-Box. Midway has also announced a delay for Mortal Kombat: Deadly Alliance.
Midway Games expects results for the second quarter to be lower than previously expected due to the delay of products originally scheduled to ship during the quarter as well as lower-than-expected sales of games launched late in the quarter. The Company now expects Gravity Games Bike: Street. Vert. Dirt. for the Xbox, and the European releases of Red Card Soccer for the Xbox and Gauntlet: Dark Legacy for the GameCube, to ship during the quarter ending September 30, 2002. Several games released during the second quarter did not achieve the Company's expected sales levels due in part to the lack of reorders resulting from the late June release dates.
The Company expects results for the full-year 2002 to be lower than previously forecasted due to the lower-than-expected second quarter results as well as to revisions in the Company's product release schedule for the second half of 2002. Midway now expects to ship Mortal Kombat: Deadly Alliance during the first half of the quarter ending December 31, 2002. Mortal Kombat: Deadly Alliance was previously scheduled to ship September 22, 2002. The Company has also cancelled production of Gravity Games Bike: Street. Vert. Dirt. for the GameCube, previously scheduled to release in the third quarter of 2002.
