Sony is reportedly planning to bolster its PlayStation division further by acquiring more studios. Sony has been an on acquisition spree over the past two years, and it is seemingly looking for more studios to boost its position in the global gaming market.

There has been a visible move towards consolidation in the video game industry considering the high-profile acquisitions that were completed recently. For instance, Microsoft acquired ZeniMax and a number of other studios, with Sony following suit by acquiring 5 studios in 2021 alone. However, the Japanese tech giant’s most significant acquisition came in 2022 when Sony acquired Destiny 2 and former Halo developer Bungie for $3.6 billion. Now the conglomerate is looking to reinforce its position globally by allocating more funds for more such acquisitions.

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As reported by The Financial Times, Sony is considering a “partial spin-off” for its financial services business to focus on its entertainment and image sensor offerings. For those unaware, a partial spin-off is where the parent company decides to publicly list a subsidiary, but retains a minor stake in it, usually to raise more capital. Sony President Hiroki Totoki addressed this at a news conference and said, “In order to expand our growth over the medium to longer term, we will need the ability to invest in image sensors and the entertainment business at a completely new level.”

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Many believe that Sony is doing this to compete against Microsoft, who has also doubled down on acquisitions over the last two years. While Sony has been vocal in its stance against the proposed Microsoft-Activision acquisition due to fear over the future of Call of Duty on PlayStation, it looks to be adopting a different strategy now. Gamers also believe that this pivot comes due to the recent regulatory approvals Microsoft has received, which probably got Sony thinking about its next step to deal with the global competition. It is now looking to strengthen its position financially to be able to make investments in its key growth areas.

Sony has also been making a transmedia push with its IPs, with the Uncharted movie and HBO’s The Last of Us TV show seeing immense success. It has already started work with Amazon on a God of War show, a Gran Turismo movie is nearing release, and Netflix is working on a Horizon TV show as well. With more funds for expansion, Sony will look to continue its transmedia push, and will possibly double down on adaptations for its other IPs.

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Source: The Financial Times (via TheGamer)