'Rock Band' Creators May Cash In
March 5, 2008 at 5:05 AM (PT)
The guys behind VIACOM's popular new video game "Rock Band" are in line to collect over $200 million if profits from the chief rival to ACTIVISION's "Guitar Hero" hit certain performance targets by the end of 2008, reports THE NEW YORK POST.
VIACOM disclosed in a recent filing with the Securities and Exchange Commission that it set aside $208.7 million in 2007 for the potential payment, which is earmarked for the former shareholders of HARMONIX, the game's developer.
The studio -- which rose to fame as the creator of "Guitar Hero" -- was acquired by VIACOM in OCTOBER 2006 for $175 million in cash.