Viacom Dumps Harmonix Music Systems

December 23, 2010 -

On the heels of a lawsuit by ex-Harmonix shareholders against Viacom, the media giant has unloaded the company on Harmonix-SBE Holdings LLC, an affiliate of investment firm Columbus Nova, LLC. The company had said in November that it planned to sell Harmonix. Financial terms of the deal were not disclosed at press time.

Obviously, Harmonix-SBE Holdings LLC is a holding company of some sort, but details on who has an interest in the company besides the investment firm is unknown at this point. Some have reported that Harmonix holds the controlling interest, but that has not been confirmed beyond a vague statement below. A post by Harmonix's John Drake on Rockband.com would lead one to believe that the company has a controlling interest (emphasis ours, not theirs, in the statement below):

"We’re happy to confirm the news today that the sale of the company is complete. We appreciate all of your support, comments and warm wishes in the preceding few weeks.

Viacom and MTV Networks have been an amazing home for us over the past 4 years. It’s where we launched both Rock Band and Dance Central, worked with The Beatles, Green Day, AC/DC, The Who and thousands of other artists. We want to take a moment to thank everyone in that organization who helped make these awesome games possible.
We’re excited to be returning to our roots as an independent and privately owned studio. As for what it means for you, the DLC schedule marches on for Rock Band, we will continue our support of previously released titles and we’re hard at work on some unannounced projects that we think you’re going to be pumped about.

Thanks for your continued support and stay tuned for more information here on RockBand.com, over @RockBand on Twitter and at http://www.facebook.com/RockBand.

Yours,
Harmonix
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