Rumor: Harmonix Sold For An Astonishing Price

Last month  Harmonix announced that Viacom had successfully sold the Rock Band developers to a multi-strategy investment firm based in New York by the name of Columbus Nova. Neither party involved has openly disclosed how much the transaction cost but according to the Wall Street Journal very little money exchanged hands. Unconfirmed reports are saying that Viacom basically unloaded all of their”expensive music rights fees, and responsibility for lots of unsold games and equipment sitting on warehouse shelves” to Columbus Nova all for…$49.99. IGN

Written by: Sakinah - Contributing Editor

  1. #1 by Luke on January 4th, 2011 [ 27382 Points ]

    I think Harmonix themselves bought themselves out with the help of Columbus Nova. So Columbus Nova is only part owner in this. I don’t really get how supposedly Harmonix lost Viacom money, thought everyone was rocking out.

  2. #2 by EdEN on January 5th, 2011 [ 222476 Points ]

    Makes sense since Harmonix has a lot of expenses and debts that need to be covered (music licensing ain’t cheap).

    @Luke: They bought the company for $175 million, and they’ll get a tax deduction for $150 million so technically they lost $25 million just from buying it plus any loss they incurred in while securing The Beatles and Green Day licenses.

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