PlayStation boss Jim Ryan has confirmed that Sony has other acquisitions planned, beyond its recent takeovers of Bungie and Haven.
Sony announced last month the acquisition of Monreal, Canada-based Haven, which brings PlayStation’s in-house studios to more than 18 developers.
The move follows the company’s recent acquisitions of Destiny Bungie creator, Demon’s Souls studio Bluepoint Games, Returnal developer Housemarque, PC ports specialist Nixxes Software and UK-based developer Firesprite. former members of SIE Studio Liverpool.
And speaking of the last PlayStation PodcastSIE President Ryan confirmed that the platform holder was working on other deals to buy developers.
“We’ve been in a very good position with PlayStation Studios and have been for a few years. The critical acclaim and commercial success of the games they’ve created…it’s allowed us to invest heavily in content creation.
He added, “We are growing our studios organically and growing by acquisition. We’ve acquired five studios in 2021, are in discussions with Bungie, and have more planned. This brings us into a virtuous circle where success breeds success.
The exec went on to reiterate why Sony decided not to include day one releases in its new subscription offering like Xbox Game Pass does, saying such a setup would hurt the quality of its games.
“The games we make are getting bigger and bigger; they get better, they get prettier, they get richer, the narrative gets stronger… it’s really great and players tell us that’s what they really want from PlayStation.
“Now I have to say that putting these games into a subscription service as soon as they come out would break that virtuous cycle, and we wouldn’t be able to invest in the way that we are currently able to. So we We’re going to stick with the approach we have that has served us well for many years now.
M&A activity in the games industry reached a record $85 billion in 2021 and was forecast to reach $150 billion this year, with huge deals such as Microsoft’s acquisition of Activision Blizzard and Take-Two’s takeover of Zynga having already been announced in the early months of 2022.
Outside of studio acquisitions, Sony has invested in PS5 exclusives through partnerships with several up-and-coming independent studios.
He signed an original multiplayer project from Firewalk, a new studio founded by Bungie veterans, and will publish the first title from Deviation Games, a studio led by former Call of Duty veterans Dave Anthony and Jason Blundell.