December 2006 ninte Search Results

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Viacom Slammed for $383 Million in Harmonix Suit

Posted Dec 28, 2011 at 3:45PM EST by Listed in: PS3 Tags: Harmonix, rock band law suit, viacom law suit

The legal battle between Viacom and the creators of Rock Band rages on, with the latest blow being delivered straight to Viacom’s wallet.

Viacom and Harmonix have been in and out of courtrooms for months, trying (and failing) to work out an issue that stems from bonuses paid during the parent company’s acquisition of the small games developer. Both companies are trying to wring high, multi-million dollar settlements out of the other due to this disagreement, but it looks like Viacom is the big loser this morning.

In documents released this week, it was revealed that a private arbitrator ruled that Viacom owes Harmonix and its shareholders a whopping $383 million in unpaid bonuses - a number with which Viacom naturally disagrees.

Here’s a breakdown: In 2006, Viacom acquired Harmonix (and Rock Band). The deal required that Viacom pay big bonuses to Harmonix, with $175 million paid upfront and $150 million paid for Rock Band sales in 2007. However, the company paid no bonuses at all in 2008, and actually demanded that Harmonix return the previous two bonuses. Viacom had to give up Harmonix due to the Rock Band franchise losing money, but Harmonix filed a suit claiming that Viacom still owed $550 million in promised bonuses.

Now we’re just watching the drama unfold. Viacom plans to fight the ruling, which was issued December 19, and is claiming that some evidence was “improperly excluded” from the arbitration hearings.

This one probably has a few months to go and it’s unclear who exactly is right, but Viacom is certainly on the ropes for now. We’ll keep you posted as new details emerge.

[L.A. Times]

The legal battle between Viacom and the creators of Rock Band rages on, with the latest blow being delivered straight to Viacom’s wallet.


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DS Flash Cards Ruled Illegal in France

Posted Oct 4, 2011 at 2:00PM EST by Tim Curtin Listed in: Nintendo DS Tags: divineo sarl, ds, ds flashcard, nintendo ds

Flash cards that have been used for playing pirated games on the Nintendo DS have now been ruled illegal by French Courts.


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Nintendo 3DS becomes the most pre-ordered console in the UK

Posted Mar 17, 2011 at 10:15PM EST by Ryan F. Listed in: Nintendo DS Tags: 3D, Amazon, Nintendo, sales, UK

Online retailer Amazon.co.uk has announced that the Nintendo 3DS has become the most pre-ordered console of all-time on Amazon.co.uk, overtaking the PS3 which previously held the record when it launched back in March 2007.


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December 2006 ninte Search Results

Viacom Slammed for $383 Million in Harmonix Suit

DS Flash Cards Ruled Illegal in France

Nintendo 3DS becomes the most pre-ordered console in the UK

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