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:
San Diego, CA 08/21

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
Free Umbrella Corps Weekend
EVE Online Free Weekend
F1 2016 Released
TOXIKK & Free Trial Next Month
Bonus Weekend in GTA Online, Battleborn, Evolve
Dishonored 2 Gamescom Video
Prey 2 Video
Evening Patches
Evening Consolidation
Evening Mobilization
Evening Metaverse
Evening Tech Bits
Evening Safety Dance
etc., etc.
Into the Black
Europa Universalis IV Rights of Man Announced
Deus Ex Mankind Divided Reviews
Umbrella Corps Adds Content
Morning Consolidation
Morning Metaverse
  

 



footer

Blue's News logo