Gamernode: News - MTV To Acquire Guitar Hero Developer

MTV To Acquire Guitar Hero Developer

Category: Industry, Posted: 09/22/2006 at 12:39PM CDT by Billy Wang, Previews Editor

MTV Networks has announced plans to acquire Guitar Hero developer Harmonix Music Systems for $175 million. The deal is expected to close by the end of this year.

Judy McGrath, Chairman and CEO of MTV Networks, explained how the integration of the two companies will improve both fronts. "The acquisition of Harmonix advances MTV Networks' strategy of connecting with target audiences by creating immersive, multi-platform environments that extend to every device they use. Harmonix is an innovator in giving audiences new and dynamic ways to interact with music, and I couldn't be more excited to welcome the company into MTV Networks' strong portfolio of multi-platform brands."

In May, Activision announced plans to acquire Guitar Hero publisher RedOctane. RedOctane and Harmonix Music Systems are currently working on a sequel to Guitar Hero, which is set for release on November 7.

Posted by Chrispy on 09/23/2006 at 11:51PM

Hey, MTV seems to have a nice relationship with Xbox, so despite my loathing of MTV maybe we'll end up with a [I]Hero[/I] on Xbox 360. That would make me happy.

Posted by CUatTHEFINISH on 09/24/2006 at 01:56PM

All I can say is... "NOOOOOOOOOOOOO"
I just have this awkward feeling rap will slip into the game somehow =/. It's a double edged sword I suppose; Could be great for music rights, or could turn the game a complete 180.