Sony plans to buy more game studios, grow with live services, PC

Sony is already spending nearly half its PlayStation 5 investment budget on developing and growing live services and plans to increase that ratio to 55% by fiscal year 2025. — AFP

Sony Group Corp’s PlayStation division will acquire more game studios and increase investment in live services, PC and mobile offerings, its gaming chief said on May 26.

The company is “not at all finished expanding PlayStation Studios inorganically” and will look to keep making deals, said Jim Ryan, president of Sony Interactive Entertainment. Sony has been bolstering its portfolio by agreeing to take over Bungie Inc and several other game developers in recent months. The company also wants to integrate Bungie’s expertise as a live services operator into its broader ecosystem as it aims to build out that aspect of its consumer offering.