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Sony to invest another $184 million in first-party PlayStation studios

Sony is aggressively investing into first-party studios to help accelerate PlayStation 5 games development & new R&D technology.

@DeekeTweak
Published Thu, Apr 29 2021 11:24 AM CDT

Sony is ramping up investment into its first-party game studios to help propel PlayStation 5 ecosystem to new heights.

Sony to invest another $184 million in first-party PlayStation studios 342 | TweakTown.com

Sony just had an incredible year. The company's games division earned over $25 billion in revenues and over $3 billion in profit, more than any firm in the entire industry. FY2020 shattered software sales records and saw the PS4 crest 116 million shipments worldwide. Sony wants to keep this momentum going throughout FY2021 and the long-term future, and that's why they're investing big into their wholly-owned studios.

The tech giant will invest $184 million more this year into its game studios. "In terms of costs, we plan to increase development, personnel and other costs in our in-house studios by approximately 20 billion yen year-on-year as we further strengthen our in-house produced software," Sony CFO Hiroki Totoki said in a recent FY2020 earnings report.

"On the other hand, we plan to keep costs in all other areas at a level similar to the previous fiscal year despite the increase in sales."

Sony currently has 12 first-party studios all working on various projects:

  1. Japan Studio.Team Asobi (Astro Bot)
  2. Polyphony Digital (Gran Turismo 7)
  3. SIE London Studio (VR games)
  4. Media Molecule (Dreams)
  5. Guerrilla Games (Horizon, Killzone)
  6. Pixelopus (Concrete Genie)
  7. Insomniac Games (Spider-Man, Ratchet & Clank)
  8. SIE San Diego (MLB The Show)
  9. Sony Bend Studio (Days Gone)
  10. Sucker Punch Productions (Ghost of Tsushima)
  11. Sony Santa Monica (God of War)
  12. Naughty Dog (The Last of Us, Uncharted)

Sony expects this year to be even bigger than last year. FY2021 is projected to hit $26 billion and deliver record-breaking earnings for the second year in a row.

Sony plans to make more money from first-party games this year, which could say a lot given 2020's best-selling slate of games like Ghost of Tsushima, The Last of Us Part II, and Spider-Man Miles Morales. This could indicate the PS5 availability will fill out and more gamers will buy more first-party titles, or that Sony will actually release more first-party games this year than it did previously.

Totoki affirms that Sony will continue aggressive investment into new technologies that empower its development branches, including new R&D tech like its AI division (Insomniac is using the PS5's machine learning capabilities for real-time character alterations) and its new automated AI-based motion capture algorithms used by its Visual Arts Support Group division.

"To enhance our software offering, we intend to continue investing in or 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 action such as the recently announced partnership with Haven Entertainment Studios, which was established by Jade Raymond, the creator of the famous game Assassin's Creed, and our additional investment in Epic Games. Along with the rest of the Sony Group, we will also work to enhance the social and platform capabilities of games."

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NEWS SOURCE:sony.com

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. 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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