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Viacom files $131M suit against former Harmonix shareholders

Viacom files $131M suit against former Harmonix shareholders

Viacom has filed suit against the former stockholders of Harmonix, seeking $131 million to make good on miscalculated payments from 2007. The suit alleges that the company was given $150 million for performance-based payouts, but the company only generated an earn-out payment of $18 million. Viacom is seeking to be refunded for the remaining cost.

Read more: Harmonix says Viacom owes them ยป

"The more accurate statement is: Viacom sold HMX to their shareholders, reportedly for $50.00 ..."
- Masem    See all 8 comments


Rock Band Dev Harmonix Sold, Goes Solo

Rock Band and Dance Central developer Harmonix has successfully been sold, former owner Viacom announced today, to itself--going privately-owned once again as an affiliate of investment firm Columbus Nova. Truly, it is a Festivus miracle!

"We're excited to be returning to our roots as an independent and privately owned studio," Harmonix wrote on its blog. "As for what it means for you, the DLC schedule marches on for Rock Band, we will continue our support of previously released titles and we're hard at work on some unannounced projects that we think you're going to be pumped about." Read more »

"I have about 200 DLC songs. Plus all the imports. I'm probably around 400 to 500 tracks in ..."
- matrixneo42    See all 14 comments


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