PlayStation boss Jim Ryan teases further acquisitions in the coming months
PlayStation Studios is expected to acquire more game companies this year. The news was confirmed by Sony Interactive Entertainment CEO Jim Ryan on the Official PlayStation Podcast. Sony acquired five major studios in 2021 and recently announced the acquisition of Bungie, the developer of the original Halo trilogy, and Montreal-based Haven Studios, which is currently working on a AAA multiplayer title. Sony doesn’t want to be left behind after Xbox Game Studios made its own acquisition, highlighted by the acquisition of Activision Blizzard for $68.7 billion (roughly Rs. 5,10,990 crore). These agreements are pending regulatory approval.
In a recent episode of the PlayStation Podcast, Ryan indicated that Sony is currently preparing for future acquisitions. The company already added Bungie and Jade Raymond-led Haven Studios to its family this year. The last generation of PlayStation was dominated by story-based single-player game titles such as God of War and Marvel’s Spider-Man. However, these two acquisitions indicate a shift in Sony’s strategy towards live gaming. Bungie has developed one of Destiny’s most successful live game franchises.
PlayStation and Xbox seem to be in a race to dominate the current generation of console gaming. Earlier this year, Xbox announced a multi-billion dollar deal that will see it take control of Activision Blizzard by 2023. Activision Blizzard currently has popular titles like World of Warcraft, Call of Duty, and Overwatch under its belt. asset. Xbox aims to add these games to its gaming subscription service, Xbox Game Pass. Recently, Microsoft India introduced a reduction in its subscription prices of up to 28% citing local market conditions.
In related news, Sony also revealed a revamped model for its PlayStation Plus game subscription service. The new service is set to launch in June and will offer the combined services of current PS Plus and PS Now subscriptions. It is said to include over 700 games including games from the original PlayStation, PS2 and PSP.
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