Home Videos Photos Shop
PerezHilton CocoPerez Brangelina Pop Culture Merch T.Swift Kim K. PerezTV

Viacom Owes Rock Band Creators A Lot Of Dough

| Filed under: MTVLegal MattersVH1

rock_band_cover-web.jpg

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 being sold, so they wanted take-backsies.

Harmonix originally sued Viacom for $700 million. Viacom has countersued for arbitrators to look over facts left out of the initial hearing.

Who knew video games could be this imporant?

Tags: , , , , ,

Current NFL Stars Who Were Accused Of Violence Against Women
All The Times Chris Brown Was Delusional About Chris Brown
MTV VMAs 2016: Hair, Makeup, & Shoes
MTV VMAs 2016: The Best Dressed List
MTV VMAs 2016: The Worst Dressed List
MTV VMAs 2016: All The Red Carpet & Performance Fashion

One comment to “Viacom Owes Rock Band Creators A Lot Of Dough”



  1. 1

    But neither of these companies see the writing on the wall - rock for many of us is so bad that we oppose it and support the new post-bands music coming out of Dallas.
    Imagine a world with music opposed to what rock has become - it's on the way.