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MTV Games closes after Harmonix sale completes

Reports indicate only a few financial staff remain

MTV Games is closing for good now the final sale of Harmonix has been completed by parent company Viacom, reports indicate.

The studio decided to put Harmonix up for sale last year after Rock Band 3 made significant losses at retail - despite a very strong critical showing. Despite protestations that several parties were keen on buying the studio, negotiations turned sour as Harmonix issued a lawsuit against Viacom, accusing them of manipulating figures to avoid paying performance bonuses.

Eventually, Harmonix was purchased by a private investment group, Columbus Nova, essentially leaving them as an independent studio.

Viacom bought Harmonix in 2006 for $175 million and operated it via MTV Games, which MCV is reporting to be all but wound down.

It's not thought that Viacom will be making any further attempt to penetrate the video games market at this point.

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Latest comments (3)

Mbuso Radebe Associate Producer, Smoking Gun Interactive Inc.5 years ago
Does anybody know if the sale of Harmonix included the IP rights to Rock Band and Dance Central?
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Sam Houston Online Content Manager, Playfish5 years ago
Yes, it did
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Mbuso Radebe Associate Producer, Smoking Gun Interactive Inc.5 years ago
Awesome!

Thanks :)
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