Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:

Regularly scheduled events

Harmonix Shareholders Sue Viacom

Gamasutra has word that a group of former shareholders of developer Harmonix (Rock Band) filed a lawsuit in a U.S. court last week against parent company Viacom accusing them of attempts to get out of paying performance-based bonuses. The suit accuses Viacom, who are looking to sell Harmonix, of manipulating distribution costs to reduce bonus payouts. Word is they: "decided to forego the opportunity to reduce EA’s distribution fees during 2008 (or in any other way enhance Harmonix’s net income or Gross Profit for 2008), and instead demanded benefits for itself (rather than Harmonix) in exchange for allowing EA to continue distributing Rock Band." The suit goes on to say: "Although a reduced 2008 EA distribution fee would have increased Harmonix's gross profit and operating profits in 2008, Viacom realized that every $1.00 of distribution fees that Harmonix saved during 2008 would require Viacom to pay an additional $3.50 of earn-outs to the [ex-shareholders]."

Email Digg Facebook Twitter   Share More    


 

  
   Current Headlines
Respawn on Titanfall on Origin vs. Steam
Be John Malkovich in Call of Duty: Advanced Warfare DLC
Evening Patches
On Sale
Gatherings & Competitions
Evening Mobilization
Evening Metaverse
Evening Tech Bits
Evening Safety Dance
Evening Legal Briefs
etc., etc.
Into the Black
Trials Fusion MP Open Beta Weekend
Panache's "Historical-Action-Survival" Game & Free Game for Fans
Larian's "Leaked" RPG Plans
World Wide Funder Refutes STALKER Apocalypse Collusion
Killing Floor 2 Video Diary
Morning Crowdfunding Roundup
Morning Patches
Op Ed
  

 



footer

Blue's News logo