USD 208.7m bonus for Rock Band devs

Performance-based pay.

Viacom will be paying Harmonix an additional USD 208.7 million under terms of the company's acquisition, based upon the success of Rock Band, GamesIndustry.biz reports.

MTV Games, a Viacom subsidiary, acquired Harmonix back in 2006 for USD 175 million. Viacom's Form 10-K statement, released last week, indicates that the company offered a financial incentive as part of the acquisition.

(Update: Viacom has since said that the money would be paid to former shareholders. Cha-ching for them.)

"In addition, to the extent financial results exceed specific contractual targets against a defined gross profit metric through 2008, former Harmonix shareholders will be eligible for incremental earn-out payments with respect to the years ended December 31, 2007 and December 31, 2008," the form read.

Viacom has already recorded a liability of USD 208.7 million for the expected earn-out payment and expects to have a final payment due in 2009 for performance through calendar 2008.

The company referred to the launch of Rock Band as "an unqualified success, setting the foundation for another valuable franchise".

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GamesIndustry International is the world's leading games industry website, incorporating GamesIndustry.biz and IndustryGamers.com.

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