PlayStation is Preparing to Acquire More Studio. It seems like Sony is getting ready to buy more third-party game studios, seeing as the tech giant is now seeking a director to head future PlayStation investment and acquisition projects.
In a new job advert spotted by business analyst Roberto Serrana (VGC), Sony decided to advertise for a director for corporate development in other to identify “inorganic growth opportunities through acquisitions, investments or joint ventures”.
PlayStation Preparing to Acquire More Studio
“The team evaluates, completes, and sources transactions that are aligned with SIE’s Strategic priorities and drive significant long-term value for the company,” the advert continues.
The basic work of the team includes developing market insights via strong internal and external relationships in other to identify attractive M&A and investment opportunities.”
This tallies with comments made by Sony Interactive Entertainment CEO and President Jim Ryan this year. Ryan suggested that the company has more third-party studies in its sights, and believed acquisitions and mergers were a useful way when it comes to expand it reach through the market.
According to Ryan “We are in a really good place with PlayStation Studios right now and have been for the past few years.”
“The critical success and the commercial success of the games that they have been working on […] have been offering us permission to heavily invest in content creation”.
This year has turned out to be a wild time for studio buy-outs. Take-Two opened 2022 by purchasing Zynga, after which everyone was surprised by Microsoft’s announcement that they are buying Activision Blizzard for a staggering $69 billion. Sony failed to be left out after revealing that they would be acquiring Bungie the Developer of Destiny.
Acquisitions are hardly a phenomenon. Last year, Sony acquired five game studios, including Returnal developer Housemarque, Demon’s Souls Porter Bluepoint, firespirt, Valkyrie Entertainment, and Nixxes.
In light of that slates of buy-ups, it really hardly surprising that Sony is looking for a dedicated manager to direct future mergers and acquisitions. It’s another indication of the gradual monopolization of the gaming industry, as the major players would try to shore up their gaming catalogs ahead of their move to sales models that are subscription-based.
PS Plus Services Revamped
Sony stated that they revamped the PS Plus service some months ago, and it would serve as a competitor to the Xbox Game Pass. It would be keen to do everything it can to make the service more attractive than Microsoft’s, such as by securing a slate of PlayStation-exclusive third-party titles.
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