Viacom, the parent company of MTV, is all smiles these days. Its investments on Harmonix's Rock Band (Xbox 360, PlayStation 3, Wii) is paying off big with great sales figures from the game's hardware (bundle) and software ends. The company is optimistic that more great things are to come in the near future. Details in the full article up ahead.

There's a lot going on in the videogames industry, corporate-wise, and it seems that Midway is also joining the fray - with none other than CEO Matt Booty talking about how the publisher famous for the Mortal Kombat series might possibly be joining Viacom. Interested? Then check out all the details in the full article, and see what it means to you as well as the industry in general.

When bands leave their managers, there's usually a bitter aftertaste involved. In the case of old partners Harmonix and Activision, a similar predicament has risen. A royalty dispute concerning Guitar Hero III: Legends of Rock (Xbox 360, Wii, PS3, PC) was taken to court but was quickly withdrawn. Details follow right after the jump.

Movie firm Paramount clued in its interest in the games after expressing its excitement over the progress of the video game sector. Paramount Digital's Alex Carloss, currently the division's general manager of worldwide distribution, stated that we're bound to see more of Paramount in games. In-game ads, perhaps? Find out more at the full story.

Heads up! We got the latest news regarding the rumor spreading that Viacom's out to buy Take-Two Interactive. Apparently the media conglomerate is has not talked with the game developer about this so-called purchase.

Both companies have offered "no comment" regarding this matter. More information on this event in the full article.

Ladies and gentlemen, it's that time again where we have to scale the ever growing rumor mill on Take-Two Interactive.

This time, there's information going around the Viacom will be buying Take-Two Interactive. Check out the details of the rumor via the "read more" link below.