Sony Interactive Entertainment CEO Jim Ryan has stated that the Bungie acquisition will not be the company's last.
Sony CEO Jim Ryan on studios acquisition
Sony's $3.6 billion acquisition of the Destiny developer caught everyone off guard this week, but Ryan was quick to point out that it wasn't a retaliation to Microsoft's massive acquisition of Activision Blizzard.
"These conversations have been a number of months in gestation, and certainly pre-date the activity that we have seen this year, "Ryan explained to GamesIndustry."From our perspective, this is really doing what feels right for PlayStation, and what we feel is the right thing to do to drive PlayStation to places we've never been before."
Peter Parsons of Bungie added: "This had nothing to do with industry consolidation. This had everything to do with a shared vision and how we could do things better together."
Ryan stated that acquiring more studios to throw into PlayStation's basket is something that will undoubtedly happen. "We should absolutely expect more. We are by no means done. With PlayStation, we have a long way to go. I will personally be spending a lot of my time with Pete and the team at Bungie, helping make sure that everything beds down right and that autonomy means autonomy. But elsewhere in the organisation, we have many more moves to make."
Ryan's zeal echoes that of Xbox CEO Phil Spencer, who stated in October 2021 that the business was "absolutely not done" with studio acquisitions. "There's no quota.
There's no kind of timeline where I have to go acquire studios by a certain time," during a Wall Street Journal Tech Live event, he said. "But if we find a studio where we have a good fit, we share what we're trying to go do and what they're trying to go do, and if we feel we can both get better together, absolutely."
The Sony-Bungie deal marks the company's third significant acquisition in less than a month.
Apart from Microsoft's $68.7 billion acquisition of Activision-Blizzard, Take-Two Interactive paid $12.7 billion for the mobile and social game company Zynga in January.
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