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Viacom sold Rock Band developer Harmonix for a mere $50. Were you expecting to see the word "million" after that? A few weeks ago we reported that Harmonix had been sold by Viacom. Harmonix declared they were returning to their roots as an independent developer. The investment group Columbus Nova purchased the company for the same price as a copy of Rock Band 3, $49.99, but there's a catch.
Columbus Nova may have paid a fraction of the original $175 million Viacom paid for Harmonix a few year ago, but along with the company they acquired Hamonix's liabilities. They are now responsible for pricey music right fees and the unsold merchandise still sitting in warehouses. These are considerably more expensive than 50 bucks.
Sources close to All Things Digital have said the deal doesn't leave Viacom in the cold. The company could receive as much as $150 million in tax benefits.
Source: All Things Digital
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Displaying 1–13 of 13
bolo73
I should have offered 51 bucks plus my target gift card.
theantigzus
wow that suck considering RB was way better than GH
jurrabi
They can start by bringing some of those merchandises to Europe. Since the Initial Rock Band Instruments pack it is nearly impossible to get the evolved instruments, at least in Spain where I live.
I wanted a wireless guitar for Rock Band 2 or Beatles, but they never got here. Now with Rock Band 3 the same story.
Only the new keyboard has maid it so far. I'm still waiting for the MIDI adapter an the professional guitar...
PLEASE!!!
isamisis
On paper, Harmonix sold for $49.99 but these deals always include cash money this is not disclosed for tax purposes.
crocodilius
im guessing alot of you arent lawyers and overlooked the liabilities aspect of the deal.
/kthxtryagain.
filchingfeline
"Hello little company, you're going to take all this crap I can't use and pay me 50 bucks for the pleasure of doing so like the good little whore you are." Viacom to Columbus Nova in a closed door business meeting.
Shuklar
How the hell did they settle on $50? With the millions of dollars being dealt with, who was the guy that said "I don't really like this deal. Hmm, how 'bout this: You throw in an extra $50 and you got yourself a deal"?
ODST chief
harmonics must be real happy with activision for killing the music game market
skillsthatkills
hahahahahahahahahahahahahahaha hahahahahahahahahahahahahahaha hahahahahahahahahahahahahahaha hahahahahahahahahahahhahahahah ahahahahahahahahahahahahahahah a
Severnik
Well that's good for both companies then. Harmonix gets to be indie without paying through the nose while Viacom can get most their initial investment back.
cardinalsfan1122
Wow why didn't they just put them on Ebay i would have paid $51. LOL. I wonder what harmonix thinks of being sold for 50 smackers.
koolboricua
if i knew i would have taken a load for $50 and bought it myself.
JustTheBeginning
You can buy like 1/64 of a cheeseburger with that!
Displaying 1–13 of 13