Rumor: MTV Games Shutting Down!?

MTV Games has been shut down by parent company Viacom following the sale of Rock Band 3 developer Harmonix, according to MCV.  The staff has been thinned down to a skeleton crew tasked with handling the firms last financial transactions before closing its doors for good.

MTV games sold their cash cow, Rock Band developer Harmonix, to the investment group Columbus Nova at the end of last year.  MTV had announced they would be looking to sell Harmonix or shut the developer down in November after Rock Band 3 sales did not meet expectations.  Meanwhile, Harmonix has filed a lawsuit against MTV parent company Viacom over “manipulating costs” to avoid paying incentive-based bonuses to Harmonix employees.  In other words, MTV games is in pretty dire straits and, though this currently just a rumor, it is certainly believable.

This is just a rumor – Neither MTV or Viacom have confirmed or denied the fate of the studio.  We’ll update as news comes in.

From MCV via Joystiq

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