Guitar Hero News
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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.
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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.
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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.
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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.
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Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 8:00 a.m. in New York.
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No more $120 chemistry books.
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MediaTek Inc. signed a settlement agreement with BT Group Plc ’s British Telecommunications unit over a patent-infringement lawsuit, the Hsinchu, Taiwan-based chip designer said in an exchange filing.
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Gibson Guitar Corp. settled its patent-infringement claims against Viacom Inc. , Electronic Arts Inc. and retailers over the “Rock Band” music-video game, according to court filings.
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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.
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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.
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