$50m game ditched?

Midway and Warner Bros have apparently wasted a whopping $50 million on a game that has now been canned.

According to CVG, development on This Is Vegas has now been cancelled. The game was in development for three years, originally under Midway Games.

The news emerges a full year after Warner announced the game was still in production after it picked up the project when acquiring $33m worth of assets during the fall of Midway.

Midway spent in the region of $43 million [on This Is Vegas] up to the point when it was being sold to WB,” a source told CVG. It was moving along to a point where the title was on schedule for release late last year – but still needed another eight months to a year to finish with a studio burn rate of $250,000 per month.

It’s a ridiculous waste of money. A silly budget when you think that games like Konami’s Saw – which made a profit – we built with around $3m.”