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Report: Sony Interactive Entertainment Plans To Invest Nearly $200 Million For First-Party Releases

In the current landscape that is the PlayStation 5 platform, the newest console on the market is already performing strong ahead of its competitors in terms of record sales. The system as per NPD Group is told to be the fastest-selling and most-sold in dollars value in U.S. history. This week, Sony in its quarterly earnings report released that the console now sold over 7.8 million units.

Even more, the system is also discovered to outperform the PlayStation 4 already. While the 2013-released system did present glowing success, the PlayStation 5 overshadowed those impressions as revealed in the financial report. Looking ahead, Sony Interactive Entertainment is preparing to bolster its first-party lineup for the next future classics on the way.

Last week, President & CEO Jim Ryan told that the firm is “quietly but steadily investing” for more unique intellectual properties than any other PlayStation system. In extension, corporate Sony as per the conference call attached to this week’s report shares the numbers that is being invested into its first-party pipeline, Video Game Chronicles transcribes.

We intend to increase development personnel and other in-house costs by approximately 20bn yen [$184m] year-on-year, as we further strengthen our in-house software. To enhance our software offering, we intend to continue investing in partnering with external studios, in addition to aggressively investing in our in-house studios.

As I just mentioned, 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. In our additional investment of Epic Games, along with the rest of the Sony group we will also work to enhance the social and platform capabilities of games.

Horoki Totoki, Sony Chief Financial Officer

For the confirmed ventures forthcoming for PlayStation 5, there is about a handful of first-party releases coming in the approaching year. Namely those games being Ratchet & Clank: Rift Apart, Gran Turismo 7, Horizon Forbidden West, God of War: Ragnarok, and potentially Ghost of Tsushima if claims prove to be true.

In the statement, it also remarks on the recent arrangement with Jade Raymond’s Haven Entertainment Studios. While plans are still very green in terms of its first release, many are anticipating the new project to be very ambitious – especially following the fallout of Stadia Games and Entertainment earlier this year.

Noted, Sony Interactive Entertainment is also advancing for its undetermined cloud platform. When speaking to Nikkie recently, Ryan stated that the new pursuit will be a unique experience developed solely for PlayStation – even with Microsoft’s technology playing a helping hand in the development. You can read the full report by heading here.

What are you excited most to see form the PlayStation 5?

Source: Video Game Chronicles

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