Viacom Inc., owner of MTV, Nickelodeon and Comedy Central, must allow $12 million to be paid to former investors in Harmonix Music Systems Inc., maker of the video game “Rock Band,” as part of a buyout, a judge ruled.
When Harmonix unveiled its Dance Central video game at the industry conference E3 in June 2010, the once-mighty music games company was perched on a financial precipice. Sales of the interactive music game Rock Band, once the company’s golden goose, had started plummeting the previous year.
Blockbuster Inc. , the movie rental chain, received interim approval from a bankruptcy judge yesterday for $45 million in financing from a promised loan that will grow to $125 million at the final hearing on Oct. 19.
Publisher Tribune Co. announced yesterday that mediation resulted in agreement with some creditors on a reorganization plan along the lines proposed earlier this month by creditors Oaktree Capital Management LP and Angelo Gordon & Co.
The runaway success of an iPhone game created by two brothers on a laptop is pressuring video- game makers Square Enix Holdings Co. and Capcom Co. to reboot their strategies and appeal to mainstream players.
Apple Inc. Chief Executive Officer Steve Jobs introduced a thinner iPhone today with a sharper screen and video-chat features, an attempt to ward off competition from devices running Google Inc.’s Android software.