Industry News May 18 Sony to join metaverse buzz by offering more live service games and adopting cross-platform strategy Sony might be the next tech giant to offer its own approach to the metaverse. The company plans to evolve its gaming business and adopt a cross-platform strategy ahead of potential changes in the market.
Industry News May 11 Sony concerned that adding AAA exclusives to PS Plus at launch might “deteriorate” their quality Sony plans to increase its investment in first-party games by over $300 million. However, the company still doesn’t want to adopt the Game Pass-style model and include its AAA titles in subscription at launch.
Industry News May 4 Broken Bird Games and three other studios leave PlayStation’s camp for Spanish devs over disparities PlayStation Talents Games Camp is aimed at helping small Spain-based studios develop and market their games for Sony’s platform. However, four studios have decided to exit the program at once.
Industry News April 26 Report: Sony to require devs to make timed game trials for PlayStation Plus Premium subscription Sony will require developers of certain games to make time-limited trials, according to the latest report. These versions must be at least two hours long, so they can be added to the PS Plus Premium subscription.
Industry News April 26 Sony establishes new team to preserve old PlayStation games Sony has created a new Preservation team. While it is unclear what specific goals this division will have, it most likely will focus on saving and maintaining old PlayStation titles.
Industry News April 25 PlayStation looking for senior director to lead its PC growth and commercial strategy Sony has no plans to slow down on its expansion into the PC market. The company is now looking for a senior director who will help optimize and increase the growth strategy for upcoming console ports.
Industry News April 19 Rumor: Sony considers FromSoftware as potential acquisition candidate Sony has already stated that it has plans for more M&A deals after announcing the Bungie acquisition. According to a new rumor, Elden Ring developer FromSoftware might be the company’s next acquisition candidate.
Industry News April 18 Report: Xbox Series X|S reaches almost 14 million units sold globally, with PS5 still leading this race Microsoft has been trying to close the gap on Sony since the start of the latest console race. The Xbox Series X|S has strengthened its positions over the last months, with its total sales reaching almost 14 million units worldwide.
Industry News April 13 Sony and Nintendo pledge to update subscription guidelines following UK watchdog’s investigation Sony and Nintendo have pledged to update subscription renewal rules in the UK. The platform holders made the decision following an investigation conducted by the country’s Competition and Markets Authority (CMA).
Deals April 11 Epic Games raises $2 billion from Sony and LEGO parent company KIRKBI at $31.5 billion valuation Epic Games has closed a $2 billion round of funding with participation from Sony and KIRKBI. The company will use the money to advance its vision to “build the metaverse and support its continued growth.”
Industry News April 4 PlayStation getting into ‘virtuous cycle’ by planning to acquire more studios, Jim Ryan says PlayStation won’t stop with the Bungie acquisition, planning to buy more studios in the future. According to Sony Interactive Entertainment CEO Jim Ryan, this strategy will help the company succeed in the future.
Industry News March 31 Sony’s internal studio Firesprite working on AAA narrative-driven horror game built with UE5 Firesprite, which was acquired by Sony last year, has an unannounced AAA game in development. It will be a horror title for PlayStation 5.
Industry News March 29 PlayStation transforms PS Plus into new subscription service with hundreds games and classic retro titles Sony has introduced “all new PlayStation Plus,” announcing its transformation into a three-tier subscription service. Players will get access to a library that consists of both recent games and classic titles from PS1-PS3.
Deals March 21 PlayStation acquires Haven Studios led by games industry veteran Jade Raymond Sony has announced an acquisition of Haven Studios, which was founded by Jade Raymond last year. The team is now working on the exclusive live service game for PlayStation 5.
Industry News March 10 Microsoft becomes Metacritic’s top publisher of 2021, making history as first company to average 85+ score Metacritic has shared its list of top game publishers of 2021, with Microsoft leaping to the first place. The company has outperformed other big companies, including Sony, Activision Blizzard, and EA.
Industry News March 10 Sony, Nintendo, Google Play, Bungie, and WarnerMedia halt their operations in Russia Amid global support for Ukraine, more companies are suspending their business operations in Russia. Sony, Nintendo, WarnerMedia, and some other studios have joined the ongoing exodus.
Industry News February 3 Sony to spend over $1 billion on keeping Bungie employees at studio over next several years With the Bungie acquisition announced earlier this week, Sony has revealed how exactly the $3.6 billion spent on the buy-out will be allocated. It turns out that around $1.2 billion will go to keeping Bungie employees on board.
Industry News February 1 More deals and multiplatform investments: what Bungie acquisition means for PlayStation Sony Interactive Entertainment CEO Jim Ryan has explained the company’s motives behind the Bungie acquisition. This deal is in line with PlayStation’s strategy of expanding beyond just one console and making new live-service games.
Deals January 31 Sony acquires Bungie for $3.6 billion, studio to remain multiplatform with ability to self-publish Sony Interactive Entertainment has announced the acquisition of Bungie, known as the creator of world-famous series like Halo and Destiny. The deal worth $3.6 billion should help PlayStation reach a wider audience.
Industry News January 19 Sony loses $20 billion of its market value amid Microsoft’s deal to acquire Activision Blizzard Microsoft’s announcement of an Activision Blizzard acquisition has affected Sony shares as they fell almost 13%. It resulted in the Japanese company losing $20 billion off its market value.