MTV to pump $500 million into gaming

Videogames are certainly a lucrative business and MTV has decided to continue investing. In the past, MTV has made various videogame-related business acquisitions like Harmonix (developer of Guitar Hero and Rock Band), Atom Entertainment and Gametrailers.com to name a few. It has now investing an astronomical $500 million for continued videogame operations

History and analysts are staked against media companies enjoying success with videogames but MTV has enjoyed considerable success with online properties like Xfire.com, Gametrailers.com, Neopets.com and Addictiongames.com and is betting big on its upcoming title, Rock Band. It is also focused on …