MTV Games shuttered - Report
Rock Band publisher apparently closed down following sale of Harmonix to private equity group.
Last month, Viacom sold off Harmonix, the developer behind the hit rhythm game series Rock Band and Dance Central, to a private equity company. The move left MTV Games, publisher of the Rock Band series, without its biggest studio--or a game series to publish.
It is unsurprising, then, that today comes a report saying that MTV Games has closed its doors. According to an unconfirmed article on British industry site MCV, the label's international office in London was completely shuttered yesterday. A skeleton crew apparently remains on board in the publisher's New York offices to mop up outstanding financial issues.
The fate of MTV Games' other studio, a collaboration with prolific film producer Jerry Bruckheimer, remains unclear. That outfit formed in 2007 with the intention of being an "incubation studio" designed to conceive of games but not actually build them.
Multiple requests for comment sent to MTV staffers had not been responded to as of press time. If true, the closure marks the end of Viacom's four-and-a-half-year experiment with the gaming industry. It began in September 2006, when Viacom bought Harmonix for $175 million dollars plus a generous bonus structure. However, initial success gave way to unprofitability by 2009.
Soon, Viacom was seeking a refund for bonuses paid to Harmonix even before Rock Band 3 launched last October. By November, Viacom announced its intention to sell off the division, which it did in December for a reportedly tiny sum.
For more on Rock Band 3, check out GameSpot's previous coverage.
Hot Stories
Newsmakers
-
Xbox One has preowned fee - Report
Microsoft confirms all discs must be installed to HDD to play; secondhand owners required to pay an unspecified fee. Full Story
- Posted May 21, 2013 11:44 am PT
-
Xbox One will launch this year
Microsoft formally announces Xbox 360 successor during media event; will support live TV and Skype; features 500GB hard drive, 8GB RAM, Blu-ray drive; 64-bit architecture. Full Story
- Posted May 21, 2013 10:09 am PT
Featured Stories
-
The Simpsons writer signs on for Angry Birds movie
Emmy-winning writer Jon Vitti, who penned "Mr. Plow" episode of The Simpsons, working on 2016 film based on Rovio's game. Full Story
- Posted May 20, 2013 12:23 pm PT
-
Grand Theft Auto V premium bundles revealed
$150 Collector's Edition includes money bag, snapback hat, blueprint map, artwork, and various in-game items and bonuses; all preorders receive access to pilot atomic blimp vehicle. Full Story
- Posted May 23, 2013 5:44 am PT
-
Atari to sell RollerCoaster Tycoon, Test Drive franchises at auction
Bankrupt publisher hoping to bring in at least $22 million from upcoming asset auctions. Full Story
- Posted May 23, 2013 9:43 am PT
-
38 Studios court case begins
Arguments in legal battle between defunct Amalur developer and Rhode Island presented in court today; state claims it has "avalanche" of evidence against 38 Studios. Full Story
- Posted May 22, 2013 1:51 pm PT
-
Katie Couric acknowledges one-sided violent video games report
Network journalist acknowledges one-sided violent video game report; invitations to Bungie and the Entertainment Software Association were declined. Full Story
- Posted May 20, 2013 10:45 pm PT
Related Game
Rock Band 3
- Publisher(s): MTV Games
- Developer(s): Harmonix Music Systems
- Genre: Puzzle
- Release:
- ESRB: T






