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The long and winding road of Viacom owing former Harmonix owners hundreds of million of dollars may finally be at an end. The Hollywood Reporter notes that the Delaware Supreme Court agreed with prior arbitration and rulings that Viacom owes $299 million with interest to the owners of the company a...

July 17th 2013 at 5:30pm 0 Comments
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When Viacom sold developer Harmonix in November of 2010 for $50, it was really only the beginning of the drama to come. Almost exactly a year ago, ex-shareholders in Harmonix prior to Viacom's buyout of the music game developer sued the conglomerate for failing to pay performance based bonuses, w...

December 27th 2011 at 7:40pm 0 Comments
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Viacom is suing a group of former Harmonix stockholders, seeking a refund of over $131 million that it paid out, which it calls a "contractual overpayment." According to court documents, Viacom paid stockholders a total of $149,770,149 in 2007, based on an estimate of earnings; it then said that...

September 20th 2011 at 6:48pm 0 Comments
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MCV has reported that MTV Games has officially closed its doors. The site reports that MTV Games' international office was closed on Wednesday and "only a handful of financial staff remain in the New York office to collect or reconcile any outstanding receivables." The news comes in the wake of the...

February 3rd 2011 at 5:50pm 0 Comments
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Got $50? Sorry, buddy, you totally missed out on buying Harmonix. All Things Digital's Peter Kafka reports that the Rock Band and Dance Central studio's re-independence cost investment group Columbus Nova $49.99. Of course, the math gets a little tricky from there: Harmonix's buyers assumed respo...

January 4th 2011 at 10:30am 0 Comments
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Yesterday's Harmonix announcement of re-independence from global media conglomerate Viacom left questions hanging about the intellectual property rights to the studio's two main franchises. Joystiq has been informed by sources that Harmonix will "own the IP rights" to both the Rock Band and Dance C...

December 24th 2010 at 9:30am 0 Comments
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Guitar Hero and Rock Band creator Harmonix announced this morning that it's splitting with parent company Viacom and "returning to our roots as an independent and privately owned studio" -- investment company Columbus Nova helped purchase the studio and formed Harmonix-SBE Holdings LLC. Before we t...

December 23rd 2010 at 12:30pm 0 Comments
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Viacom has responded to claims this morning from Harmonix shareholders that the company avoided paying out bonuses to the developers of the Rock Band series. Viacom of course denies it dodged any obligations, and says instead that the representative for Harmonix's shareholders, Walter Winshall, was...

December 21st 2010 at 11:00pm 0 Comments
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Gamasutra reports that a group of ex-shareholders of Harmonix, including company founders Alex Rigopulos and Eran Egozy, has filed a lawsuit against Viacom. The group accuses Viacom of avoiding performance-based bonuses for the Rock Band franchise, which the company first published in 2007 after ac...

December 21st 2010 at 11:20am 0 Comments
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If this sounds like a familiar tune, it is: Music game sales have plummeted for a second-straight year. But this year, the tune is way more off key. According to analysis by Gamasutra, which looked at the period from January through October in each of the past three years, music game revenues in t...

November 19th 2010 at 11:00pm 0 Comments
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After seeing this morning's news of Viacom selling developer Harmonix, many of you were concerned about the company's persistent work in supporting its products with downloadable content. Harmonix has responded to our inquiry, stating, "This morning's announcement does not affect the ongoing work...

November 11th 2010 at 11:45am 0 Comments
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Viacom has announced that it plans to sell Harmonix, developer of the Rock Band series and Dance Central. The mega-corp has reclassified the Boston-based company as a "discontinued operation" in its third-quarter financial and has already changed all future earnings to reflect the sale. The company...

November 11th 2010 at 9:00am 0 Comments