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:
United Kingdom 06/02

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
New GeForce Drivers
Starpoint Gemini 2 Giveaway
Far Cry 5's Montana Setting Revealed
Sudden Strike 4 Beta Begins
Impact Winter Released
TEKKEN 7 Specs
On Sale
Evening Interviews
Gatherings & Competitions
Evening Consolidation
Evening Metaverse
Evening Safety Dance
Evening Legal Briefs
etc., etc.
Into the Black
PlatinumGames Teases New IP
Next Dragon Age Discussion
The Walking Dead: The Telltale Series Finale Next Week
The Silver Case Free Content and Sequel Plans
U.K. Sales Charts
  

 




Blue's News is a participant in Amazon Associates programs
and earns advertising fees by linking to Amazon.



footer

Blue's News logo