Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
User Settings
LAN Parties
Upcoming one-time events:
Tampa, FL 10/09
Greenbelt, MD 11/06

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
Battleborn Beta Invites
Gauntlet Support Ending; Pre-order Bonuses Freed
StarDrive 2 Sector Zero Announced
Dota 2 Updated
Saturday Crowdfunding Roundup
Saturday Consolidation
Saturday Mobilization
Saturday Metaverse
Saturday Tech Bits
Saturday Safety Dance
Saturday Legal Briefs
Game Reviews
Hardware Reviews
Out of the Blue
The Witcher III Patched
LEGO Marvel's Avengers Trailer
Mordheim: City of the Damned Trailer
On Sale
Evening Interviews



Blue's News logo