Recent Financial Report Shares Sony’s New Pursuit Towards “More Investments For Growth” In The Coming Fiscal Year

Posted on February 5, 2021 by Nick Moreno

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While Sony Interactive Entertainment in regards to its first-party network of studios for its most prominent releases, those developers are well-acquainted teams with the platform. Firms like Naught Dog, Sucker Punch Productions, and Santa Monica Studio are just a few that PlayStation is defined by in terms of its exclusive game studios. But concerning its most recent years, the PlayStation firm has been slack on welcoming new talent.

Although it is not completely reliant to suggest Sony has refrained from making new studios or acquiring pre-existing one, it is evident its ambitions are pretty tame currently. Most noted, the console giant’s latest approach to new PlayStation teams comes from summer 2019 with the acquisition of developer, Insomniac Games.

However, following the success of PlayStation 5 and the overall platform ecosystem, the company looks to be delving investments into first-party teams later ahead. Even when selling its next-generation console at a loss thanks to the ongoing complications in the market, overall capital return is in Sony’s favor.

We plan to utilize the excess operating cash flow from this fiscal year as a source of future strategic investment going forward.

Opportunities for investment, especially in the entertainment space, are steadily increasing and, during the period of our next mid-range plan, which will begin next fiscal year, we aim to make more investments for growth than we did during the current mid-range plan.

For now, considering what Sony Interactive Entertainment plans to pursue next in terms of a new first-party studio is full speculation. While the team holds close ties with certain developers in the past, it is difficult to determine which development team is the likeliest candidate to be welcomed un the PlayStation Studios label next.

In the same financial report that was issued this week, Sony also discloses the official numbers for PlayStation 5. The newest console currently sits at 4.5 million units and goes further to tell that Marvel’s Spider-Man: Miles Morales is also sitting at 4.1 million across the current and last PlayStation system as well. You can read the full report by heading here.

What teams do you hope to see be welcomed to team PlayStation in the future?

Source: Sony

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