Post Thumbnail

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...

1 year ago 0 Comments
July 17, 2013 at 5:30PM
Post Thumbnail

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...

3 years ago 0 Comments
Post Thumbnail

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 ...

3 years ago 0 Comments
Post Thumbnail

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...

4 years ago 0 Comments
Post Thumbnail

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 resp...

4 years ago 0 Comments
Post Thumbnail

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...

4 years ago 0 Comments
Post Thumbnail

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...

4 years ago 0 Comments
Post Thumbnail

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...

4 years ago 0 Comments
Post Thumbnail

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...

4 years ago 0 Comments
Post Thumbnail

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...

4 years ago 0 Comments
Post Thumbnail

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...

4 years ago 0 Comments
Post Thumbnail

It seems Viacom's striking fewer sour notes this year, with operating profits up $789 million -- good for 14 percent -- in its Media Networks division (the umbrella its video game business is under). According to the mega-corp, gains are due in part to lower losses from the Rock Band franchise. ...

4 years ago 0 Comments
Post Thumbnail

Back in 2008, Gibson Guitar hoped to cash in on the Rock Band craze with a slate of patent infringement lawsuits of dubious quality, and though the firm lost to Activision a year later, its suits against Harmonix, Electronic Arts, Viacom, and six major retailers stirred something in Nashville's roc...

5 years ago 0 Comments
Post Thumbnail

The patent suit filed by the Gibson guitar company against Harmonix, Viacom and EA over the Rock Band guitar has come to an end. Rather than the clear victory Harmonix seemed to expect, the parties have agreed to settle. According to Business Week, Gibson and Viacom asked a federal court to dismiss ...

5 years ago 0 Comments
Post Thumbnail

If you're wondering where Rock Band 3 is, a year and a half after Rock Band 2 and five months after the launch of The Beatles: Rock Band, it seems EA isn't sure it's going to get to publish it. During an investor conference call, EA execs revealed that the publisher's deal with Viacom (the company t...

5 years ago 0 Comments
Post Thumbnail

When Viacom's CEO, Philippe Dauman, says that The Beatles: Rock Band sales have "exceeded internal expectations," we have to imagine that he doesn't have his top expectations men on the job. If we had been asked for our expectations of a game featuring the most popular band of all time, we would ha...

5 years ago 0 Comments
Post Thumbnail

Remember how Rock Band sales declined 67 percent since last year? It looks like the sales slump has taken its toll on Viacom's Media Networks division, which houses MTV Games. According to Gamasutra, the division reported revenues of $1.97 billion in its fiscal quarter ending June 30, an 8 percent...

5 years ago 0 Comments