Viacom sells Harmonix

TOMORROW NEVER KNOWS: Viacom has sold Harmonix Music Systems, the developer of the Rock Band videogame (see item below), to the investment firm Columbus Nova. The deal will probably contribute $100 million to $200 million to Viacom, in large part from tax benefits and the buyer’s assumption of liabilities like write-downs on holiday sales, analyst James Dix told the N.Y. Times. Viacom had a net loss of $316 million from Harmonix from discontinued operations for the nine months ended Sept. 30, according to financial statements. (12/24a)

BACK TO RUMOR MILL

		UMG AND TIKTOK WORK IT OUT The kerfuffle is in the past. (5/2a) Check It Out Now LUCIAN SOUNDS OFF ON UMG/TIKTOK DEAL A breakdown from the boss (5/2a) Check It Out Now HITS LIST: HANGIN' OUT With extra relish (5/3a) Check It Out Now LIVE NATION POSTS (ANOTHER) RECORD QUARTER More butts in seats than ever before. (5/3a) Check It Out Now A POST-WALLEN AFFAIR A dynamic duo, y'all (5/3a) Check It Out Now
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Viacom sells Harmonix

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