Viacom Sold Harmonix For $49.99


Posted January 4, 2011 - By Nikole Zivalich

Rock Band 3 Release Date, Pre-order Deals Announced

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

Tags: Videogames
Viacom Sold Harmonix For $49.99


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