MTV to give Harmonix a further $150 million

By Patrick Garratt, Thursday, 6 November 2008 07:03 GMT

According to a quarterly filing dug up by Edge, MTV is to hand over a further $150 million to Harmonix thanks to high performance from the developer.

From the report:

The Company expects to have a final payment with respect to Harmonix 2008 performance due in 2009. The payment amount is based on financial results in excess of specific contractual targets against a defined gross profit metric.

In light of the success of the Rock Band videogame series, the final payment is expected to exceed this year’s payment.

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