More Reviews
REVIEWS Dark Souls II: Crown of the Sunk Review
I was confident in my Dark Souls abilities. Then From Software released new Dark Souls II DLC.

The Swapper Review
One of 2013's best indie games swaps its way to Sony platforms.
More Previews
PREVIEWS Pillars of Eternity Preview
For Obsidian's crowdfunded love letter to Infinity Engine games like Icewind Dale and Baldur's Gate, I was impressed by its willingness to pull back the curtain and let me see the machinery behind it.
Release Dates
NEW RELEASES CounterSpy
Release date: 08/19/14

Tales of Xillia 2
Release date: 08/19/14

Plants Vs. Zombies: Garden Warfare
Release date: 08/19/14

Madden NFL 15
Release date: 08/26/14


LATEST FEATURES Interview: Forging the Rings of Power in Middle Earth: Shadow of Mordor
Tolkien fans may now either squeal with glee at getting to play interactive fanfiction... or condemn it to the watery grave of Numenor.

How Bioware Creates Romances
Bioware's games have romances where you might save the world, on the side of course.
MOST POPULAR FEATURES Picking Your Gender: 5 Industry Professionals Discuss Queer Identity in Gaming
Women from Naughty Dog, ArenaNet, Harmonix, and Gamespot unite to talk about what they want from games in terms of diversity.
 
Coming Soon

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP oneshotstop
Call of Duty will never be the same
By oneshotstop
Posted on 07/28/14
       We've all been there. Everyone remembers that mission. You and your partner are climbing up the mountains in the snow, striving to pull some slick clandestine operation about getting some intel on a bad guy, or something similar (because let's face...

GAMING NEWS

Bank Sues Konami For Millions For Def Jam Rapstar Loan

Posted on Thursday, May 24 @ 09:12:23 Eastern by Keri_Honea


Uh-oh...looks like someone hasn't been paying their bills! That someone is Konami, who borrowed $14 million from City National Bank (CNB) to publish Autumn Games' Def Jam Rapstar. We know what happens when banks don't get their monies, don't we? They either foreclose on your house or sue your ass, and CNB chose to do what they had rights to: the latter.

CNB claims that Konami said they would repay the loan from game sale revenues, and apparently that hasn't happened. Konami, according to the bank, claims that they are not required to repay the loan from the game's profits.

Straight from the petition's mouth, it reads: "Rather than paying game-related proceeds directly to CNB as agreed, defendant have kept all game-related proceeds for themselves and have refused to remit any such proceeds to CNB." CNB also alleges that Konami made "unrealistic predictions" by saying Def Jam Rapstar would sell 2.5 million copies in its first year. (Excuse me while I go laugh loudly in a corner.)

CNB is seeking over $8.9 million in damages, but the petition isn't clear if this is in addition to the amount due on the loan or the total amount they are seeking. I assume it's the former.

[Source]
Related Games:   Def Jam Rapstar
Tags:   Konami


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution