Viacom Closes MTV Games

eldavojohn writes "The Escapist is reporting that the MTV Games division of Viacom is being closed. After selling off Harmonix for an alleged equivalent of a single Red Lobster Gift Card, it turns out that Viacom's division known as MTV Games has little left on its plate. There's some bickering over missed performance-based payments, and MTV Games failed to secure a publishing deal for all the Rock Band games in Europe — which appeared to be the final nail in the coffin for them."

And nothing of value was lost

[Tridus]

Did anybody really expect a publishing arm of The Shiny Things Network to be able to accomplish anything that requires effort? I mean they couldn't even get Harmonix' stuff published in Europe, and that was when it was actually popular (that bubble is over now).

This whole venture was little more then some suit saying "hey games are popular, lets get into that!" Once they did it, they realized that it's actually a tough, cutthroat industry.

Good riddence.

Re:Music bubble.

[aaaantoine]

Fad schmad. People still play these games. The market is saturated. Everybody who was gonna buy a set of Rock Band instruments has already done so.