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Rock Band Pushes Viacom Q1 Profits Up 33%

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MTV and Nickelodeon parent company Viacom has reported profits up 33 percent to $270 million in its first quarter on the success of Harmonix's Rock Band, with its Media Networks division revenues rising 16 percent to $2.02 billion.

Overall, Viacom revenue rose 15 percent to $3.12 billion in the first quarter. As reported in March, the success of Rock Band saw as much as $208.7 million in performance bonuses being set aside for the developer, with further payouts due in 2009 for its sales over the coming year.
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gamasutra.com
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Published: 616 days 3 hours ago | News | PlayStation 3 | Xbox 360 | PlayStation 2
 
 

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