Skip to Content

AOL Games

MTV snaps up Guitar Hero developer [update 1]

How much is a franchise like Guitar Hero worth? Roughly $275 million. That's what you get when you add the nearly $100 million that Activision paid for publisher RedOctane and the $175 million in cash that MTV is set to pay for developer Harmonix.

True, RedOctane also has a modest game rental business and Harmonix is also the developer behind the successful Karaoke Revolution series, but there's no question that Guitar Hero was the game that sent these two companies fortunes into the stratosphere.

The MTV deal, as reported by the New York Times, will utilize Harmonix's experience with music-based games to design play-and-remix-and-sing-along experiences for MTV's web, mobile and VMTV virtual world services. That's all well and good, but we'd like to see what this partnership can do with the console-based MTV Music Generator series, which has lagged a bit since CodeMasters took the publishing rights over from... Activision. Hmm...

[Update 1: Harmonix has issued a press release with more details about the buyout]

[Thanks Ben]

Tags: Activision, Guitar Hero, GuitarHero, Harmonix, Karaoke Revolution, KaraokeRevolution, MTV, music, Red Octane, RedOctane

Reader Comments (Page 1 of 1)

Joystiq Features





Featured Galleries

Dawn of Heroes (DS)

Dawn of Heroes (DS)

ToeJam & Earl 4 concept art/pitch

ToeJam & Earl 4 concept art/pitch

Comet Crash

Comet Crash

Darksiders (11-06-09)

Darksiders (11-06-09)

Skate 3

Skate 3

Mass Effect 2 (11-06-09)

Mass Effect 2 (11-06-09)

Shin Megami Tensei: Strange Journey (DS)

Shin Megami Tensei: Strange Journey (DS)

Fragile Dreams: Farewell Ruins of the Moon (Wii)

Fragile Dreams: Farewell Ruins of the Moon (Wii)

T-Freestyle NW (Wii)

T-Freestyle NW (Wii)

 


Team Joystiq

 
Chris Grant
Editor-in-Chief, Email
James Ransom-Wiley
Managing Editor, Email
Ludwig Kietzmann
Senior Editor, Email
Andrew Yoon
East Coast Editor, Email
Randy Nelson
West Coast Editor, Email
Justin McElroy
Reviews Editor, Email
Justin Glow
Developer, Email

Joystiq Podcast

New episodes every Friday! Now playing: Joystiq Podcast 115, for Friday, Oct., 30.



Archive | RSS | iTunes

Autoblog

Urlesque

Download Squad

Engadget

Massively

Asylum

WoW

Engadget HD

Big Download