Midway Chooses Unreal Engine 3 for Next Generation Game Development is an announcement that comes out of the DICE Summit saying Midway has licensed the next iteration of the Unreal engine for use on several upcoming console and PC projects. Here's a bit:

CHICAGO--(BUSINESS WIRE)--Feb. 2, 2005-- Midway Games Inc. (NYSE:MWY - News), a leading developer and publisher of interactive entertainment software, today announced a multi-year licensing agreement with Epic Games giving Midway use of Epic's Unreal Engine 3 technology and tools for next generation console and PC game development. Unreal Engine 3 technology and tools are now in use at Midway's internal studios including: Midway's Chicago studio, the makers of NBA Ballers and the Mortal Kombat franchise; Midway's Austin studio, developers of Area 51; and Surreal Software, the creators of The Suffering.
Source: Midway Games Inc.

This agreement with Epic furthers Midway's strategy to align itself with the top development technology and talent in the industry. The relationship also allows Midway to build on Unreal Engine 3 technology to create specific tools and assets that will be utilized across all Midway internal studios. This studio-wide effort is expected to be instrumental in the development and progression of major franchises as well as the creation of new game properties. The agreement also underscores Midway's commitment to the premium PC games market.