☐ Alexisonfire ☐ Billy Talent ☐ Cake ☐ Cream ☐ ELO ☑ Heart ☐ Kinks
☐ Neil Young ☐ OLP ☐ Sex Pistols ☑ Sublime ☐ Supertramp ☐ ZZ Top
1: They owed hmx HUGE amounts in incentives in 2007 and 2008, which are reported as expenses and thus taking away money from viacom, but not hmx. They were still raking in cash. Too much cash for viacom.
2: Viacom manipulating the numbers to make it seem like hmx was bringing in less money than they were so they wouldn't have to pay them all the bonuses they were due.
Read through this thread:
I'll post more later(have to go), but I believe the main reason they wanted to sell hmx is so they wouldn't have to pay the bonuses owed and knew the suit was coming.
Also, they told ea to keep a larger distribution fee and to use some of the money for advertising on viacom's networks(thus making viacom get their money right back, and holding profits from the game from hmx, also lowering the bonuses). EA paid for the advertising, not viacom.
Last edited by bonethug0108; 12-24-2010 at 12:21 PM.
Originally Posted by Gamertag
Just because Viacom sold HMX, does that mean we wont be getting any more Spongebob tracks?
Platinum Guitarist on Rock Band 2
Would-Be Platinum Drummer but couldn't do Shoulder to the Plow
By the Way, when I first saw that Columbus Nova could be abbreviated CN, I thought Cartoon Network was buying Harmonix.
"Europe apparently is not sexy at all" Jeff Gerstmann
I mean, the sale would have NOTHING to do with that, it's probably that the series did poorly, hence the...quarter of a billion...in...performance bonuses...
Witticus: "GeeNef speaks to me like schizophrenia, his words touch me where my priest could reach."
For that matter, look at Activision/Neversoft. They've got like zero amount of pull within the music industry and no attachments to it, and yet they've been able to license the biggest names in rock history, same as Viacom/HMX.
The MTV name/icon was *not* helpful in any way in the licensing process for HMX; in fact, it's safe to say that there's such a stigma attached to the schlock celebreality that MTV Networks peddles these days that it actually chased off some bands who'd rather not be associated with the MTV name.
The only thing HMX will miss from Viacom is the free advertising on MTV Networks; but the effectiveness and reach of those semi-weekly DLC ads on the MTV/VH1 nets is highly debatable.
[ ] U2 [ ] Sheryl Crow [ ] Cracker [ ] Springsteen [ ]The Pogues
[ ] Cage the Elephant [ ] Neil Young [ ] P-Funk [ ] Heart [X]RUN-DMC [X] MeatLoaf
Wow, very exciting news. I wish the best for everyone on the Harmonix staff for 2011 and beyond. Rock Band has been my #1 series for the last 2.5 years so your good news is my good news.
Cheers to Viacom for helping launch all those games, and for what appears to be a mostly amicable sale.
*Hopes for dedicated Music-creation game*