If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Viacom must pay Harmonix $299 million in disputed bonuses per Delaware Supreme Court ruling

The Delaware Supreme Court has ruled that Viacom must pay Harmonix bonus payments owed to the tune of $299 million.

Unless Viacom appeals the decision with the Supreme Court, or should the ruling be reconsidered for some, the decision will stand.

MTV Networks which is a subsidiary of Viacom purchased Harmonix in 2006 for $175 million, and was then sold in December 2010.

Harmonix was paid $150 million in bonuses during 2007, but stated it owed the stockholders nothing in 2008 and set out for a refund of the payment.

Walter Winshall, a representative for the stockholders, disputed this along with the figure and took it to an arbitration agency. The independent firm then decided in December 2011 that Viacom owed Harmonix an additional $383 million.

Viacom agreed to pay $84 million to settle the 2007 bonuses, but ended up going to court instead.

More through Polygon.

Sign in and unlock a world of features

Get access to commenting, homepage personalisation, newsletters, and more!

Related topics
About the Author
Stephany Nunneley-Jackson avatar

Stephany Nunneley-Jackson

News Editor

Stephany is VG247’s News Editor, with 22 years experience (with 15 of them at VG247). With a brain that lacks adhesive ducks, the ill-tempered, chaotic neutral fembot does her best to bring you the most interesting gaming news. She is also unofficially the site’s Lord of the Rings/Elder Scrolls Editor.

Comments