Rock Band's Success Costs Viacom another $208 Million
Viacom [http://www.rockband.com/], who acquired the developer in 2006.
Harmonix was originally purchased by Viacom division GamesIndustry [http://www.mtv.com/]report, Viacom's Form 10-K revealed that target-based incentives were also part of the deal.
"In addition, to the extent financial results exceed specific contractual targets against a defined gross profit metric through 2008, former Harmonix shareholders will be eligible for incremental earn-out payments with respect to the years ended December 31, 2007 and December 31, 2008," the 10-K statement said. On top of that, Viacom is expected to make another payout in 2009 for the game's performance over 2008.
Despite Xbox 360 [http://www.escapistmagazine.com/news/view/79158]platforms. The success of the game has been further bolstered by the growing library of downloadable content for the PlayStation 3 and Xbox 360 versions of the game, which has seen new songs released for the game on a weekly basis.
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Viacom [http://www.rockband.com/], who acquired the developer in 2006.
Harmonix was originally purchased by Viacom division GamesIndustry [http://www.mtv.com/]report, Viacom's Form 10-K revealed that target-based incentives were also part of the deal.
"In addition, to the extent financial results exceed specific contractual targets against a defined gross profit metric through 2008, former Harmonix shareholders will be eligible for incremental earn-out payments with respect to the years ended December 31, 2007 and December 31, 2008," the 10-K statement said. On top of that, Viacom is expected to make another payout in 2009 for the game's performance over 2008.
Despite Xbox 360 [http://www.escapistmagazine.com/news/view/79158]platforms. The success of the game has been further bolstered by the growing library of downloadable content for the PlayStation 3 and Xbox 360 versions of the game, which has seen new songs released for the game on a weekly basis.
Permalink