Thursday, December 29, 2011

Viacom Owes Rock Band Creators A Lot Of Dough

Viacom is regretting purchasing Rock Band creator Harmonix.
Arbitrators ruled that Viacom owes Harmonix shareholders $383 million. Viacom purchased the company so MTV and VH1 could hop on the Guitar Hero bandwagon.
Viacom initially payed $150 million bonuses to shareholders after purchasing Harmonix.
But due to high production costs, Viacom couldn't profit from 10 million Rock Band units [...]

Source: http://perezhilton.com/2011-12-29-viacom-owes-rock-band-creator-viacom-over-300-million-dollars

Leslie Bibb

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