PlayStation boss Jim Ryan teases more acquisitions in the coming months

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PlayStation Studios is expected to acquire more gaming companies this year. The news was confirmed by Sony Interactive Entertainment CEO Jim Ryan on the Official PlayStation Podcast. Sony acquired five major studios in 2021 and recently announced the acquisition of Bungie, developer of the original Halo trilogy, and Montreal-based Haven Studios, which is currently working on a AAA multiplayer title. Sony doesn’t want to be left behind after Xbox Game Studios embarked on a takeover frenzy of its own highlighted by its $68.7 billion (around Rs.5,10,990) acquisition of Activision Blizzard. These deals are awaiting regulatory approval.

In a recent consequence of the PlayStation Podcast, Ryan pointed out that Sony is currently planning future acquisitions. The company added Bungie and Jade Raymond-led Haven Studios to its family earlier this year. The last generation of PlayStation was dominated by story-driven single-player game titles like God of War and Marvel’s Spider-Man. However, these two acquisitions indicate a shift in Sony’s strategy towards live service gaming. Bungie has developed one of the most successful live service gaming franchises in Destiny.

PlayStation and Xbox seem to be in a race to dominate the current generation of console gaming. Earlier this year, Xbox announced a multi-billion dollar deal that would see it acquire Activision Blizzard through 2023. Activision Blizzard currently has popular titles like World of Warcraft, Call of Duty and Overwatch under its belt. Xbox intends to add these games to its Xbox Game Pass gaming subscription service. Recently, Microsoft India introduced a reduction of up to 28 percent in its subscription rates, citing local market conditions.

In related news, Sony has also unveiled a revamped model for its PlayStation Plus gaming subscription service. The new service is scheduled to launch in June and will offer the combined services of the current PS Plus and PS Now subscriptions. It is said to contain over 700 games including games from the original PlayStation, PS2 and PSP.

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