The rumor mill is turning again, this time producing the price tag for rhythm game giant, Harmonix, which was sold only a few weeks ago!
Harmonix, as I’m sure you’re all aware is responsible for the hit Rock Band franchise. On December 23, 2010, John D, a developer for Hamonix, announced on RockBand.com that the company had officially been sold by Viacom. However, the details of the sale, along with the price tag has not be disclosed.
It was reported earlier today by Peter Kafka of the Wall Street Journal’s Media Memo blog that Viacomsold Harmonix for exactly $49.99. Now, I’m sure many of you, just like myself, just went “Dude! I totally could’ve bought Harmonix”, but that’s not the full story! That $50 price tag includes everything the company owns AND owes. Meaning, the company itself along with all unsold merchandise and music rights fees – which are VERY expensive!
According to Wired.com, Harmonix would not comment when they attempted to reach them Tuesday. And, to be honest, I doubt Viacom, Harmonix or Columbus Nova (who bought Harmonix) will be making a statement anytime soon.
So, what does Viacom have to gain from the sale of Harmonix? Well, to garnish a tax benefit, of course. Harmonix was reportedly purchased for more than $150 million by Viacom, and with a sale price of only $50 – that’s quite a differences! By taking this loss, Viacom will lessen the tax impact on some of their higher earning games!
Smart move? You tell us! Comment below!