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Sony buys Insomniac Games in major first-party acquisition

Sony makes a deal to buy Insomniac games after the huge success of Spider-Man's PS4 exclusive.

@DeekeTweak
Published Mon, Aug 19 2019 2:31 PM CDT   |   Updated Mon, Oct 19 2020 8:19 PM CDT

Gamescom 2019 - Insomniac Games will now be part of Sony's first-party development stable, the PS4-maker today announced.

Sony buys Insomniac Games in major first-party acquisition | TweakTown.com

In an effort to bolster its first-party games lineup for the incoming PlayStation 5 console, Sony is buying Insomniac Games, one of the most talented developers in the industry. The deal, which sees Sony buying out Insomniac for an undisclosed sum, comes after Insomniac's blowaway success with the PS4-exclusive Spider-Man game.

Sony's announcement confirms Insomniac will continue focusing on story-driven exclusive games for the PlayStation platform. We could even see a Spider-Man sequel for PS5, complete with full high-end optimization of the next-gen platform. Under Sony's Worldwide Studios label, Insomniac joins other top-tier studios like Sony Santa Monica (God of War), Sony Bend (Days Gone), Sucker Punch (Ghosts of Tsushima), and Naughty Dog (Uncharted, The Last of Us Part 2).

Here's a copy of the press release, and a written portion included below:

Sony Interactive Entertainment ("SIE") announced today that SIE has entered into definitive agreements to acquire Insomniac Games, Inc. ("Insomniac Games"), a leading game developer and long-time partner of SIE, in its entirety. Insomniac Games is the developer of PlayStation®4's (PS4™) top-selling Marvel's Spider-Man and the hugely popular PlayStation® Ratchet & Clank franchise. Upon completion of the acquisition, Insomniac Games will join the global development operation of Sony Interactive Entertainment Worldwide Studios ("SIE WWS"). Insomniac Games is the 14th studio to join the SIE WWS family. This addition furthers SIE's continued commitment to creative excellence and innovation in game development exclusively for the PlayStation platforms.

Based in Burbank, California, and Durham, North Carolina, Insomniac Games is the award-winning studio behind many of PlayStation's most highly-successful franchises, including Spyro the Dragon, Ratchet & Clank, and Resistance. Most recently, Insomniac Games, in partnership with SIE and Marvel Games, launched Marvel's Spider-Man, one of 2018's most highly-acclaimed PS4™ games. Marvel's Spider-Man has sold more than 13.2 million copies worldwide as of July 28, 2019.

In addition to the studio's signature storytelling infused with humor and highly interactive worlds, Insomniac Games has been recognized for its collaborative workplace culture, having earned 20 awards since 2005.

Building on a working relationship between Insomniac Games and SIE spanning more than 20 years, this acquisition enhances the creative force within SIE WWS and formally adds a studio to the PlayStation family that continues to raise the bar on open world, story-driven games. The day-to-day operations of Insomniac Games post-closing of the acquisition are expected to be run by the current management team in conjunction with SIE WWS San Mateo Studio. Completion of the acquisition is subject to regulatory approvals and certain other closing conditions. Financial terms of this transaction including the acquisition cost are not disclosed due to contractual commitments.

"Insomniac Games is one of the most highly-acclaimed development studios in the industry and their legacy of best-in class storytelling and gameplay is unparalleled," said Shawn Layden, Chairman, SIE WWS. "We have enjoyed a strong collaborative partnership with the studio for many years, and are thrilled to officially welcome them to the Worldwide Studios family. The addition of Insomniac Games to SIE WWS reiterates our commitment to developing world class gaming experiences that can only be found on the PlayStation platform."

"Joining the WWS family gives Insomniac even greater opportunities to achieve our studio vision of making positive and lasting impressions on people's lives," said Ted Price, Insomniac Games founder and CEO. "We've enjoyed a special relationship with PlayStation practically since our inception. Our partnership amplifies our potential, and Spider-Man was a testament to this. We're excited to take the next step in our growth alongside our longtime WWS partners. Most of all, we look forward to delivering fresh, new experiences for our fans."

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Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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