PlayStation is preparing to add more studios to its roster

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More studios are likely to be acquired by Sony in the near future.

image credits: hitechglitz

Sony appears to be preparing to buy additional third-party game companies, since the company is now looking for a director to oversee future PlayStation investment and acquisition projects.

Sony is hiring a Director for Corporate Development to seek “inorganic development prospects through acquisitions, investments, or joint ventures,” according to a recent job advertisement found by business expert Roberto Serrano (via VGC).

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The advertisement says, “The team discovers, evaluates, and closes transactions that are aligned with SIE’s strategic aims and produce significant long-term value for the firm.”

The team’s basic task is gaining industry knowledge via strong internal and external contacts in order to uncover appealing M&A [mergers and acquisitions] and investment prospects.”

This aligns with comments made earlier this year by Sony Interactive Entertainment CEO and President Jim Ryan. Ryan stated that the corporation is looking for more third-party studios and that acquisitions and mergers are a good method to broaden the company’s reach.

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“With PlayStation Studios, we’re in a pretty fantastic spot right now and have been for a few years,” Ryan added.

“Because of the critical and financial success of the games they’ve been developing […] we’ve been able to invest considerably in content creation.”

Keeping the pattern going

The year has been a whirlwind of studio acquisitions. Take-Two began 2022 by acquiring Zynga, before Microsoft startled everyone by announcing their projected $69 billion acquisition of Activision Blizzard. Sony, on the other hand, wasn’t left out in the cold, confirming its plans to acquire Bungie, the creators of Destiny.

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Acquisitions, on the other hand, are hardly a 2022 phenomena. Returnal developer Housemarque, Demon’s Souls porter Bluepoint, Valkyrie Entertainment, Firespirt, and Nixxes were among the five gaming firms acquired by Sony in 2021.

Given that slate of acquisitions, it’s hardly surprise that Sony is looking for a professional mergers and acquisitions manager. It’s yet another sign of the gaming industry’s growing monopolisation, as major businesses aim to shore up their game libraries ahead of their shift to subscription-based sales models.

Sony’s redesigned PS Plus programme, which will compete with Xbox Games Pass, was announced a few months ago. It will go to great lengths to make the service more appealing than Microsoft’s, such as obtaining a slate of PlayStation-exclusive third-party games.

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This is especially true in Sony’s case. Sony has already stated that its first-party titles would not be added to PS Plus on the same day they are released, meaning that subscribers will be unable to play Sony’s most recent triple-A titles. Microsoft, on the other hand, has had a lot of success adding first-party games to Xbox Game Pass on launch day, such as Halo Infinite. Sony will lose out if it can’t come up with a new way to attract players.

Take a look at the differences between the old PS Plus and the new PS Plus.

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