Peripherals maker and Rock Band 4 co-publisher Mad Catz has shed a trio of its top execs – the day before its latest financial report is due.
President and CEO Darren Richardson, company chairman Thomas Brown and senior vice president of business affairs Whitney Peterson all resigned last night, Mad Catz has said.
The company’s new earnings report is due tonight, 9th February, when the US market closes.
Mad Catz invested heavily in Rock Band 4, for which it produced the game’s set of plastic instrument controllers. It also handled Rock Band 4’s global retail sales, plus promotion and distribution of the game as well as hardware bundles.
But Rock Band 4 sales failed to make a huge impression in the UK chart at launch. Sales did not bounce back at Christmas, either.
Reigniting the music game genre was always going to be a risk, especially so for Rock Band 4 as launched with a more expensive bundle pack than rival Guitar Hero Live – at least for the version bundled with MadCatz’s guitar controller.
The theory there was that many people still owned older controllers, which Rock Band 4 supported while Guitar Hero Live didn’t, so you could buy a cheaper pack with just the Rock Band 4 game.
We’ll update this story when MadCatz financial results are released tonight.