Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
February 28, 2020
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Mad Catz reports $11M loss following bad  Rock Band 4  deal

Mad Catz reports $11M loss following bad Rock Band 4 deal

June 2, 2016 | By Alex Wawro




Mad Catz has had a rough twelve months, posting a full-year earnings report today that includes an $11.6 million loss for the year (down from a $4.7 million profit the year prior) despite a 55 percent uptick in sales year-over-year.

Notably, the video game hardware vendor also reports it has until September 6th to "sell remaining $8.3 million of Rock Band 4 inventory" as part of 120-day wind-down period related to it severing ties with Harmonix as co-publisher of last October's Rock Band 4.

Mad Catz also reported $6.8 million in "charges related to Rock Band 4 for inventory write-downs, material authorizations and price reductions with retailers" during the fourth quarter of its 2016 fiscal year, which ended March 31st. 

Harmonix inked a Rock Band 4 co-publishing deal with PDP earlier this year to replace Mad Catz, which saw underwhelming returns from the project and wound up laying off over a third of its staff in February as part of a major cost-cutting iniative.

"We completed a significant restructuring program that will save the Company approximately $6 to $7 million on an annualized basis," stated Mad Catz CFO David McKeon in the company's full-year earnings report. " While there is much work to be done and we continue to have working capital constraints, we are confident that Fiscal 2017 will benefit from the Company’s recent efforts.”



Related Jobs

Purdue University
Purdue University — West Lafayette, Indiana, United States
[02.28.20]

Assistant Professor in Game Development and Design
Heart Machine
Heart Machine — Culver City, California, United States
[02.28.20]

Gameplay Engineer
Vicarious Visions / Activision
Vicarious Visions / Activision — Albany, New York, United States
[02.28.20]

Senior Software Engineer
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[02.28.20]

Gameplay Programmer









Loading Comments

loader image