Rock Band 3
Speculation over who would purchase the music game maestros, however, has come to quick and surprising end: they bought themselves.
And they did it for the cost of one copy of Rock Band.
The LA Times reports that Viacom sold Harmonix to Harmonix-SBE Holdings, an affiliate of investment group Columbus Nova, last month for the ludicrous price of $49.99. The upside? Viacom gets a tax benefit of $50 million for investment losses and will offload an additional $100 million in liabilities.
The other upside is that Harmonix once again owns itself as an independent game
developer, a status it enjoyed when it was bought by Viacom for $175 million
back in 2007. Unfortunately, that was just before the music game genre suffered
a long, slow sales decline, turning what seemed like a no-brainer purchase into a
It's hardly the end of the record for Viacom and Harmonix, however, as the two are
still locked in a legal squabble over royalties allegedly owed to former Harmonix shareholders.