PlayStation boss Jim Ryan talks about additional 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, developer of the original Halo trilogy, and Montreal-based Haven Studios, which is currently working on the AAA multiplayer title. Sony doesn’t want to be left behind after making its acquisition of Xbox Game Studios, highlighted by its acquisition of Activision Blizzard for $68.7 billion (approximately Rs. 5,10,990 crore). These agreements are pending regulatory approval.
On the latest episode of the PlayStation Podcast, Ryan revealed that Sony is currently preparing for future acquisitions. The company added Haven Studios to its family this year, led by Bungie and Jade Raymond. The last generation of PlayStation was dominated by story-driven single-player titles such as God of War and Marvel’s Spider-Man. However, these two acquisitions signal a shift in Sony’s strategy towards live gaming. Bungie has created 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 to take control of Activision Blizzard through 2023. Currently, Activision Blizzard has popular titles such as World of Warcraft, Call of Duty and Overwatch. asset. Xbox aims to include these games in its Xbox Game Pass game subscription. Microsoft India has recently reduced the subscription price by up to 28% due to local market conditions.
In related news, Sony also unveiled an updated model of its PlayStation Plus game subscription service. The new service will launch in June and will combine the services of the current PS Plus and PS Now subscriptions. It is said to include over 700 games, including original PlayStation, PS2 and PSP titles.
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