Viacom sells Harmonix to private investment firm

first_imgAlthough the Rock Band developer may be suing its former bosses for shady profit withholding, that lawsuit hasn’t stopped Viacom from successfully selling Harmonix off, which they managed to do right before the holidays.Word first popped up that Viacom was looking to sell Harmonix — creators of Rock Band and Guitar Hero, whose games have sold tens of millions of copies to date — back in November for unstated reasons.Supposedly, the issue is profitability, which is a bit hard to believe. The revenues for the last three Rock Band games are commonly cited as being over $1 billion. I suppose it depends on how much Viacom was pumping into the company after the $175 million sale back in 2006, but e already know that Viacom is being accused of withholding bonuses. Perhaps things were bleaker than they first appeared.Either way, the new owner of Harmonix is a private investment firm in New York. Viacom says they’re now getting out of the rhythm music game market, but Harmonix has no intention of stopping: they’re currently working on a new music game for the Nintendo 3DS.Read more at LA Timeslast_img