PlayStation is gearing up for more studio acquisitions

Date:
Tue, 03 May 2022 15:56:12 +0000

Description:
PlayStation is hiring a new director to manage its acquisitions and investments, suggesting more buy-outs are on the horizon.

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It looks as though Sony is readying itself to purchase more third-party game studios, as the tech giant is now seeking a director to lead future PlayStation investment and acquisition projects.

In a new job advert spotted by business analyst Roberto Serrano (via VGC ), Sony is advertising for a Director for Corporate Development to identify inorganic growth opportunities through acquisitions, investments or joint ventures.

The team sources, evaluates and completes transactions that are aligned with SIEs strategic priorities and drive significant long-term value for the company, the advert continues.

The foundational work of the team involves developing market insights through strong internal and external relationships to identify attractive M&A
[mergers and acquisitions] and investment opportunities.

That tallies with comments made by Sony Interactive Entertainment CEO and president Jim Ryan earlier this year. Ryan suggested that the company has
more third-party studios in its sights, and believed acquisitions and mergers were a useful way of expanding its reach across the market.

Were in a really good place with PlayStation Studios right now and have been for the past few years, Ryan said.

The critical success and the commercial success of the games that theyve been making [] that has given us permission to invest heavily in content creation. (Image credit: Sony) Continuing the trend

The year has been a wild time for studio buy-outs. Take-Two opened 2022 by buying Zynga , before Microsoft surprised everyone by announcing their proposed acquisition of Activision Blizzard for a staggering $69 billion . Sony wasnt left out in the cold, though, revealing its plans to purchase Destiny developer Bungie .

But acquisitions are hardly a 2022 phenomenon. In 2021, Sony acquired five game studios, including Returnal developer Housemarque, Demons Souls porter Bluepoint, Valkyrie Entertainment, Firespirt, and Nixxes.

In light of that slate of buy-ups, its hardly surprising that Sony is looking for a dedicated manager to direct future mergers and acquisitions. Its
another indication of the gradual monopolization of the gaming industry, as the major players try to shore up their gaming catalogs ahead of their move
to subscription-based sales models.

Sony revealed its revamped PS Plus service a few months ago, which will serve as a competitor to Xbox Games Pass . It will be keen to do everything it can to make the service more attractive than Microsofts, such as by securing a slate of PlayStation-exclusive third-party titles.

Thats doubly important in Sonys case. The publisher has already announced
that its first-party releases wont be added to PS Plus on the same day they release, meaning subscribers won't be able to access Sonys latest, triple-A titles. Microsoft, however, has seen much success adding first-party titles like Halo Infinite to Xbox Game Pass on launch day. If Sony cant find some other novelty to draw in players, itll miss out. Check out the differences between the old and new PS Plus



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Link to news story: https://www.techradar.com/news/playstation-is-gearing-up-for-more-studio-acqui sitions/


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