Viacom wants Rock Band repay

Viacom wants Rock Band repay

By Ben Parfitt

February 15th 2010 at 12:15PM

MTV owner seeks money formally paid in bonuses to Rock Band developer Harmonix

With falling sales of Rock Band blamed for a three per cent year-on-year decline in sales for Harmonix owner Viacom, the company has said that it wants a partial refund of bonuses paid to the developer in 2008.

Viacom enjoyed strong profits of $694m for the quarter ending December 31st, but sales fell to $4.1bn – a drop pegged on declining year-on-year sales of the firm’s Guitar Hero-rivalling music series.

“In 2008, we paid $150m under this earn-out agreement related to 2007 performance,” a Viacom SEC filing revealed, according to Gamasutra.

Full report can be found over at MCV