Cablevision Systems Corp. directors were sued by an investor for wrongfully approving “grossly excessive” compensation for Chairman Charles Dolan and members of his family who serve as executives of the fifth-largest U.S. cable company.
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.
Viacom Inc. sold Harmonix Music Systems, maker of the “Rock Band” video game, to investment company Columbus Nova LLC a month after announcing its plan to sell the money-losing unit. Financial terms weren’t disclosed.