MTV Games didn't really have a presence in Australia - both Rock Band and Dance Central were distributed by EA in this country - but MCV are currently reporting that the company is now in the process of closing, after the sale of Harmonix to Columbus Nova for the grand sum of $50US.
As interest in rhythm games such as Rock Band and Guitar Hero waned, so did the sales of Rock Band 3 - which reviewed well, but didn't make the impact at retail that MTV Games had hoped for. We're unsure how much of an impact this had on MTV Games as a business, but it is testament to the fact that mainstream consumers have seemingly moved on to other things.
According to MCV, only a handful of staff remain in the MTV Games offices, tying off loose ends.
More news as we get it.
MTV Games closed [MCV UK]