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PlayStation President Says More Acquisitions Are Coming

PlayStation President Says More Acquisitions Are Coming

Sony Interactive Entertainment President Jim Ryan has promised that the company will continue to acquire more studios in the future after a big buying spree in 2021. Sony acquired five studios in 2021, and in 2022 so far , he announced deals to buy Destiny 2 developer Bungie and Haven Studios from Jade Raymond.

During an appearance at the last PlayStation Podcast, Ryan said that one of the ways PlayStation is growing its business is through buyouts, and fans can expect that to continue. “We’re growing through acquisition. We’ve acquired five studios over the course of 2021. We’re in discussions with Bungie. And we have other plans,” Ryan said.

Now Playing: New PS Plus looks boring compared to Xbox Game Pass

Ryan made the announcement during a wider commentary explaining why The new version of PlayStation Plus from Sony won’t add new releases on day one like Xbox Game Pass does. As he said earlier this weekRyan explained that Sony won’t be offering new releases on a subscription service from day one because investing in games and studios leads to a “virtuous cycle” where success breeds success.

Sony wants to make games bigger, better and with better narratives, and Ryan said sticking to the traditional paid model is one way to keep that cycle intact going forward.

“Putting these games into a subscription service as soon as they come out would break that virtuous circle. And we couldn’t invest like we currently can. And so, we don’t,” he said. “We’re going to stick with the approach that we have, the approach that has served us well for many years now. And the approach that we believe serves our players well.”

In 2021 Sony bought Valkyrie Entertainment, Housemarque, Bluepoint, Firesprite and Nixxes. Also in 2021, Sony has invested an additional $200 million in Fortnite Epic Games studio.

While Sony’s new PS Plus program won’t have new day one releases, it does give members access to a catalog of PS4 and PS5 games, as well as a library of classic titles to be announced later. For more on the new PS Plus, check out GameSpot’s recap and how it compares to Xbox Game Pass.