Sunday, November 14, 2010

Viacom puts Harmonix up for sale, making up for losses

Viacom puts Harmonix up for sale, making up for losses

Big corporations are reporting losses left and right. Harmonix's parent company Viacom recently revealed a 59 percent drop quarterly profits, and they're putting Harmonix up for sale.

Viacom CEO Philippe Dauman is confident the sale will go through "expeditiously" but offered no specifics in terms of who wants to buy and how much is being discussed. Dauman did offer his lamentative two cents:

Our decision to exit this business strategy is to focus on what we do best, and that’s creating world class entertainment. The console games business requires expertise we don’t have. For us, this is all about focus.

Harmonix's John Drake assures fans the studio's ongoing work won't be affected during the search for a new home/publisher. Both Rock Band and Dance Central are expected to remain with Harmonix.

Regarding potential publishers, it’s premature to discuss specific publishers at this time, though we look forward to working with Viacom to find the best home for our studio. Please keep speculation about that to a minimum in this conversation.

Source:WSJ.com

Alternate Source:RockBandAide

Sections:Console Games, PC Games

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Viacom puts Harmonix up for sale, making up for losses

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