No new strings for Guitar Hero

It was just a game that made it very, very big, that’s all

hands waving dollar bills in the air

Continued declined in the music games genre has led Activision Blizzard to do the unthinkable: development of its Guitar Hero games has been discontinued and the business unit disbanded.

Announcing results that fell short of expectations, the company still made a net loss for the fourth quarter but reported strong performance for Call of Duty: Black Ops and World of Warcraft: Cataclysm.

As well as Guitar Hero, Activision cancelled development on True Crime: Hong Kong.

The company reported a 2010 profit of $418m, but in the December quarter lost $233m. Its ongoing restructuring is expected to result in 500 job losses. ®

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