Viacom to Sell Harmonix
NOV. 12, 2010 • After reporting that its profit dropped 59% in the most recent quarter, Viacom Inc. said it would sell its Harmonix game division. Harmonix is best known for creating the Rock Band franchise. The music segment became over-saturated with sequels and related hardware by 2010, leading to declining consumer interest in such titles. Viacom’s game unit lost about $65 million the company disclosed in a conference call. “The console-games.....