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The music video channel will aquire Cambridge, MA, based Harmonix Music Systems Inc., developers of the surprisingly successful Guitar Hero and Karaoke Revolution music games. Viacom, MTV’s parent company, will purchase all of Harmonix’s outstanding stock for $175 million by the end of this year. Game publisher’s RedOctane had worked out a previous deal with MTV to include Guitar Hero in various MTV programs and promotions. Since Activision actually owns the Guitar Hero title, expect to see new MTV branded music games that will eventually become game shows, reality shows and no longer include any actual music.
Check out Harmonix.
Read [IGN]
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