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
Tales from the Borderlands Released; OS X Edition Delayed
Steamship Ahoy - Geometry Wars 3: Dimensions
Steamship Ahoy - Haunted House: Cryptic Graves
Assassin's Creed unity Patch Three This Week
On Sale
Evening Interviews
Evening Consolidation
Evening Mobilization
Evening Metaverse
Evening Tech Bits
Evening Safety Dance
Evening Legal Briefs
Into the Black
Dead or Alive 5 Last Round for PC Revealed?
Steam Gift Trade Policy Changes
Gone Gold - Approaching Infinity
Ultra Street Fighter IV Patch Plans
The Crew Reviews Delay
Morning Crowdfunding Roundup
Morning Patches
  

 



footer

Blue's News logo