Midway and Sony Computer Entertainment America Announce Exclusive PLAYSTATION 3 Collector's Edition for Stranglehold

Special Limited Edition to Include John Woo's Acclaimed Action Film "Hard Boiled" and Game On Single PLAYSTATION®3 Blu-ray Disc

CHICAGO, IL - May 17, 2007 - Midway Games Inc. (NYSE: MWY), a leading interactive entertainment publisher and developer, and Sony Computer Entertainment America (SCEA) today announced an exclusive PLAYSTATION®3 (PS3™) collector's edition for the highly anticipated Stranglehold™. This limited edition will feature the game and a full-length version of John Woo's critically acclaimed action film "Hard Boiled" both on the same high-capacity PlayStation 3 Blu-ray disc -- a feat not possible on any other gaming system other than PS3. The collector's edition will be available in limited quantity at select retailers for a suggested retail price in the U.S. of $69.95.

Stranglehold allows gamers to play a John Woo-directed action blockbuster movie, complete with two-fisted, stunt-laden gunplay and massive environmental destruction. Stranglehold is a collaboration with world renowned action film director John Woo's Tiger Hill Entertainment and the collector's edition is scheduled for a summer 2007 release exclusively on PS3. Stranglehold continues the story of Inspector Tequila, played by Chow Yun-Fat that started in 1992 with John Woo's action masterpiece "Hard Boiled". "Hard Boiled" appears courtesy of The Weinstein Company and Genius Products who are scheduled to release a 15th anniversary Two-Disc Ultimate Edition of the classic film via their Dragon Dynasty DVD label on July 24, 2007.

"We are very excited to be offering PS3 owners this exclusive collector's edition of Stranglehold, complete with John Woo's classic film 'Hard Boiled'," said Steve Allison, chief marketing officer, Midway. "Thanks to SCEA, the Blu-ray Disc Association and The Weinstein Company, fans will now be able to fully experience the world of John Woo in one complete and special package."

"The exclusive collector's edition of Stranglehold demonstrates the power of PlayStation 3 Blu-ray disc and the total entertainment experience that can only be found on PlayStation 3," said Riley Russell, senior vice president Third Party Relations and general counsel, SCEA. "The 50GB capacity of Blu-ray disc allows PS3 content publishers to do things simply not possible on our competitor's 9GB DVD-based systems. Thanks to the advanced technology found in PS3, developers like Midway can truly realize their visions, bringing consumers even closer to the game."

More information about Stranglehold can be found online at www.strangleholdgame.com

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 Sony Computer Entertainment America
Sony Computer Entertainment America Inc. continues to redefine the entertainment lifestyle with its PlayStation® and PS one® game console, the PlayStation®2 computer entertainment system, the PSP® (PlayStation®Portable) system, and the ground-breaking PLAYSTATION® (PS3™) computer entertainment system.

Recognized as the undisputed industry leader, Sony Computer Entertainment America Inc. markets the PlayStation family of products and develops, publishes, markets, and distributes software for the PS one game console, the PlayStation 2 computer entertainment system, the PSP system and the PS3 system for the North American market. Based in Foster City, Calif. Sony Computer Entertainment America, Inc. serves as headquarters for all North American operations and is a wholly owned subsidiary of Sony Computer Entertainment Inc.

About The Weinstein Company
The Weinstein Company was created by Bob and Harvey Weinstein, the brothers who founded Miramax Films Corp. in 1979. TWC is a multi-media company that officially launched on October 1, 2005. Dimension Films, the genre label that was founded in 1993 by Bob Weinstein, is also included under TWC banner. The Weinstein's are actively working on the production, development and acquisition of projects for TWC.

About IGN Entertainment
Genius Products, Inc. (OTC BB:GNPI), along with The Weinstein Company Holdings LLC, together own Genius Products, LLC, a leading independent home-entertainment distribution company that produces, licenses, and distributes a valuable library of motion pictures, television programming, family, lifestyle and trend entertainment on DVD and other emerging platforms through its expansive network of retailers throughout the U.S. Genius handles the distribution, marketing and sales for such brands as Asia Extreme™, Baby Genius®, Dragon Dynasty™, Dimension Films®, ESPN®, IFC®, NBC News®, Sundance Channel Home Entertainment®, Wellspring™ and The Weinstein Company®. Genius Products, Inc. is the managing member of Genius Products, LLC, in which it holds a 30% equity interest.

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.

"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."