PlayStation Investing Another $300 Million in First-Party Games, to Release on 'Multiple Platforms' - NewsWilliam D'Angelo , posted on 11 May 2022 / 1,749 Views
Sony Interactive Entertainment in its fiscal year 2021 investor call revealed it is investing another $300 million in its first-party studios and plans to release games on more than one platform.
"We plan to increase software development expenses aimed at strengthening first-party software at our existing studios by approximately ¥40 billion [$308 million]," said Sony in the investor call.
"Going forward we aim to grow the game business by strengthening our first-party software and deploying that software on multiple platforms."
Sony didn't mention specific platforms and it is possible they are referring to release games on the PS5 and PS4 beyond this year. However, it is possible they are referring to releasing more games on PC.
Sony added, "In addition to acquiring studios such as Bungie and Haven in recent years we have significantly increased our investment in content development in our existing studios. As a result our first-party software development has increased at a high rate."
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at firstname.lastname@example.org or on Twitter @TrunksWD.