Sony to ‘aggressively’ invest in more first party PS5 exclusives says exec
An extra $184 million a year is going to be invested in PS5 exclusive games, including more partnerships with third party studios.
Sony’s recent financial results showed that the PlayStation 5 could hardly have got off to a better start, but that’s only the opening salvo in their battle against the Xbox Series X/S – a battle in which Microsoft has far more money to spend.
To try and shore up their advantage in terms of first party developers, Sony has announced that they will be investing an extra $184 million (£132m) each year in their existing studios, as well as partnerships with external developers.
In a conference call on Wednesday, chief financial officer Hiroki Totoki stated that, ‘we intend to continue investing in partnering with external studios, in addition to aggressively investing in our in-house studios’.
‘We intend to increase development personnel and other in-house costs by approximately ¥20 billion yen year-on-year, as we further strengthen our in-house software,’ said Totoki, as transcribed by VGC.
‘We aim to strengthen the PlayStation platform through actions such as the recently announced partnership with Haven Entertainment, which was established by Jade Raymond, creator of the famous game Assassin’s Creed.’
Totoki also mentioned the recent $200 million investment in Fortnite and Unreal Engine maker Epic Games, while the recent deal for a multiplayer game by several Bungie veterans also seems to be part of the same push.
The comments match up with those made by PlayStation boss Jim Ryan when he stated recently that Sony was ‘quietly’ investing in more first party games, to ensure that the PlayStation 5 had more exclusives than any previous format.
Although Sony has also said it is looking to make more acquisitions, the implication has always been that it would be smaller purchases, such as Spider-Man developer Insomniac, rather than anything on the scale of Microsoft’s $7.5 billion buyout of Bethesda.
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