PlayStation acquisitions will proceed as Sony appears to rent a “corporate development director”

Screenshot through PlayStation YouTube

Studio acquisitions have mainly reignited the console wars, with large names being scooped up by Sony and Microsoft. PlayStation Studios not too long ago acquired God of War co-developer Valkyrie Entertainment, VR-focused Firesprite, and extra. One of the biggest offers is a $3.6 billion move to amass Bungie, however Sony isn’t stopping there.

Business analyst Roberto Serrano noticed a telltale itemizing at PlayStation Global. Sony Interactive Entertainment is seeking to rent a director of company growth. This individual shall be “responsible for identifying inorganic growth opportunities through acquisitions, investments, or joint ventures.” The time period “inorganic” can carry a adverse connotation, however on this case it merely refers to rising Sony by exterior corporations relatively than from inside. Acquisitions are definitely a giant a part of that: Demon’s Souls remake studio Bluepoint Games and Returnal developer Housemarque made critically acclaimed PlayStation 5 video games and now underneath the Sony banner. “Investments” seek advice from seeding different studios with cash, and “joint ventures” are partnerships with different corporations. The new director shall be in control of all of these, so anticipate extra studio buyouts sooner or later.

Sony is way from the one firm taking this method after all. Famously, Xbox is ready to amass Activision Blizzard in a landmark deal of practically $70 billion. Chinese big Tencent has scooped up the likes of Back 4 Blood developer Turtle Rock Studios and plenty of extra builders. Even former PlayStation boss Jack Tretton desires to amass game studios too.