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Harmonix sold for $50


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http://uk.wii.ign.com/articles/114/1142516p1.html

Rock Band developer Harmonix was sold for a pittance.

 

According to a report from the Wall Street Journal, the music game developer was sold to investment group Columbus Nova for a measly $49.99. Columbus Nova had to assume Viacom's remaining liabilities, however, which includes the company's "expensive music rights fees, and responsibility for lots of unsold games and equipment sitting on warehouse shelves."

 

The deal, first announced in late December, allowed the studio to go independent. The team is currently developing several unannounced projects and will continue to support the Rock Band franchise with post-release downloadable content.

 

The report also states the deal is structured so that Viacom/ MTV Networks will net roughly $150 million in tax benefits. The mega-conglomerate purchased the developer back in 2006 for $175 million.

 

Both Viacom and Harmonix would not comment on the report.

 

Very bizarre news. Good to see the DLC will continue though.

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Brilliant, now patdfb has gone and put that banner in his sig.

 

Fortunately, I have absolutely no interest in reading his posts, so I don't mind if the right hand side of them are cut off my screen.

 

If I can't find a way to make the banner smaller I'll be having the same one back up soon too :laugh: It seems to be fine for everyone but you Chesty.

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I know a lot of the dev team at Harmonix are happy to be independent again, personally as long as they are still as dedicated to the Rock Band platform as they have been, I'm happy. The DLC certainly hasn't taken a dive throughout the whole Viacom sale. The last 5 weeks of Lennon, McCartney, Billy Joel, Johnny Cash and Linkin Park (next week) are awesome :)

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