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Sony spending a 'considerable amount of money' on PSVR 2 games

Sony is spending a 'considerable amount of money' securing compelling games for its new PS5-powered PlayStation VR 2 headset.

@DeekeTweak
Published May 31, 2022 11:40 AM CDT   |   Updated Mon, Jun 20 2022 7:40 PM CDT

Despite being a relatively niche market, Sony is making substantial investment into its next-gen PlayStation VR 2 platform.

Sony spending a 'considerable amount of money' on PSVR 2 games 232 | TweakTown.com
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VR isn't a big market compared to consoles, but Sony is still spending big on its new PS5-powered VR headset. In a recent business meeting, Sony Interactive Entertainment CEO Jim Ryan says the company has put lots of effort into securing a wide variety of PSVR 2 games and content to help attract PS5 owners. Sony plans to release over 20 big PSVR2 games when the HMD launches.

"Relating to investment into PSVR2, we clearly will tailor the amount of spend to the point in the lifecycle that the PSVR2 finds itself. Right now there is a considerable amount of money that has been spent on partnerships with indie and third-party developers to secure a considerable pipeline of attractive virtual reality content at the launch of PlayStation VR 2," Ryan said.

Sony spending a 'considerable amount of money' on PSVR 2 games 233 | TweakTown.com

"That energy and that effort and that money will continue to grow as the install base of PSVR2 headsets also grows."

Despite this investment, it's likely that Sony has tampered its expectations for the platform. PSVR is more of a proof-of-concept device aimed at a smaller market that also makes use of Sony's internal technologies, innovations, and feature sets. While Sony's original PSVR headset made VR gaming much more affordable, Facebook has made VR mainstream thanks to its Quest lineup.

It's worth noting that Sony's original PSVR headset has a small 4% attach rate as of 2020 with total sales hitting around 5 million.

Sony spending a 'considerable amount of money' on PSVR 2 games 2020 | TweakTown.com

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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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