Iām just a simple caveman lawyer, and your world of finance frightens and confuses me. However, it sounds like Viacom wants a refund on a substantial bonus it paid to Harmonixās founders.
Long story short, Harmonix was bought by Viacom, the parent company of MTV Networks, in 2006 for $175 million plus āearnouts,ā which is a jargony way of saying ābeat previous figures and you get a premium.ā In this case, Harmonix got $150 million based on 2007 performance, and some $300 million overall since then. However, Viacom in this filing notes that the $150 million payment was subject to adjustment.
https://lastchance.cc/rock-band-devs-getting-300-million-in-bonuses-5082446%3C/a%3E%3C/p%3E
Viacom Asking For āSubstantialā Refund on Harmonix Earnout From Founders [Paid Content]
