Sony
Josh Wise by on May 26, 2022

Sony has more acquisitions to come, says Jim Ryan

Jim Ryan, the Sony Interactive Entertainment CEO, has said that the company is “not at all finished” with its acquisitions.

During a PlayStation business briefing (transcribed by VGC), Jim Ryan spoke about acquisitions:

“We’ve been extremely active in the area of M&A and investment. The purpose of these investments is to increase our core strength at PlayStation Studios, but also to acquire expertise in areas of game development where historically we have not had a significant presence. The planned Bungie partnership is a great example of the latter.”

Ryan then went on to speak about future investments:

“In terms of future M&A activity, the answer to that is we are not at all finished with our strategy of trying to grow PlayStation Studios inorganically.”

In other words, buying more studios. Jim Ryan also said, in an investors meeting, that Sony aims to make $300 million on PC games this fiscal year. Also, he spoke about live-service games. Sony is going to release two of them by the end of this fiscal year. And it plans to have twelve live-service series by 2025. Six by 2023, and another ten by 2024.

The company’s most recent acquisition was its buyout of Bungie. Before that, however, it had gone on something of a spree. Housemarque, Nixxes Software, Bluepoint, Valkyrie, and Firesprite, all in a year.

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