Sony Interactive Entertainment Open To Purchasing More Studios In The Future

Sony Interactive Entertainment Open To Purchasing More Studios In The Future

Chief Financial Officer at Sony Interactive Entertainment has recently revealed that they are open to purchasing more video game studios; like the Sony buyout of Insomniac Games.

By JoshBerger - Oct 30, 2019 03:10 PM EST
Filed Under: PlayStation
Source: VGC
Back in August of this year, Sony surprised us all by officially announcing that they had acquired Marvel's Spider-Man and Ratchet & Clank series renowned developer Insomniac Games; forming a pratnership that will be mutually beneficial for both the developer and Sony Interactive Entertainment.

As it turns out, Sony may not be done acquiring video game studios, as recent information reveals that the company is still open to purchasing other video game studios in the foreseeable future.

During Sony's second quarter earnings call that took place today, PlayStation Worldwide Studios is looking to grow even further — as revealed by EVP and Chief Financial Officer at Sony Interactive Entertainment Hiroki Totoki.

"At the investor relations day [in May this year], we mentioned that Sony’s strength lies in our first-party content and IP. With the aim of strengthening these, in August we announced the acquisition of Insomniac Games, the game developer for Marvel’s Spider-Man, which sold 13.2 million units worldwide," explained Totoki as he mentioned that through the aquisition that took place back in August, Insomniac Games became the 14th house at the PlayStation Worldwide Studio.

Hiroki Totoki then added that going forward they "will continue to pursue growth investment opportunities that will enhance our own content IP," opening the door to purchasing other video game studios to develop even more titles for the PlayStation family of systems.

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