Sony Acquires Video Game Studio

Sony Acquires Video Game Studio

Sony Interactive Entertainment (SIE) announced it has agreed to acquire Firewalk Studios from ProbablyMonsters Inc.  Previously SIE and Firewalk had announced an exclusive publishing partnership for an upcoming game.  Analysis ProbablyMonsters was founded in Bellevue, WA in 2016, with Firewalk St.....
Sony Game and Network Services Revenue Soars

Sony Game and Network Services Revenue Soars

Sony Group (NYSE: SONY) reported a 13% year-to-year revenue increase for the third quarter ending 12/31/22.  The biggest increase in revenue was the Games and Network Services division which saw revenue increase 53% to ¥1,246,549 million (about $10 billion). Hardware sales of the PlayStation 5 were the biggest driver of growth for the increasing 119% as unit sales for the PS5 were 7.1 million in the quarter versus 3.9 million in the third quarter ending 12/31/21.  However full game .....
Sony Video Game Results are a Major Disappointment

Sony Video Game Results are a Major Disappointment

It is quarterly earnings time and in the video game industry, Sony has become the leading company to watch. Hardware shortages of the PlayStation 5 have been a major industry drag. Unfortunately, the latest earnings release indicates shortages are still an issue. PlayStation 5 Sales Below Expectations On the surface, the Sony results look pretty good. In Sony’s Games & Network Services revenue was up 12% over the previous year quarter. However, S.....
Bungie Should Help PlayStation Expand Into the Metaverse

Bungie Should Help PlayStation Expand Into the Metaverse

After a couple weeks of Microsoft and Xbox dominating the news, there are now some major Sony PlayStation announcements to discuss. In the backdrop of continued major product shortages, Sony plans to purchase game developer Bungie for $3.6 billion. Hopefully this acquisition will allay some concerns that Sony will not remain competitive in the emerging video game space. On paper, Sony buying Bungie makes a great deal of sense. The timing of the purchase, on the heels of Microsoft acqui.....
Nvidia Value More Than Sony/Nintendo Combined as PC Game Sales Soar

Nvidia Value More Than Sony/Nintendo Combined as PC Game Sales Soar

The past holiday season saw a focus on the launch of PlayStation 5 and the new Xbox systems.  However, some of the biggest news was the explosion of sales for PC games.  DFC Intelligence just released its latest PC game forecasts showing that 2020 revenue for PC games reached over $36 billion.  More importantly, this is not expected to be a temporary increase.  DFC Intelligence forecasts that soaring PC ha.....
PlayStation 5 and Xbox Series: Is This the Last Generation of Video Game Console Systems?

PlayStation 5 and Xbox Series: Is This the Last Generation of Video Game Console Systems?

As a new generation of game consoles launches many observers are again wondering if this will be the end of the console era. In other words, as games go online, will game hardware, like many consumer electronics products, become a commodity? This question has been asked for years, but now takes on new importance given the strategy of companies like Microsoft that increasingly view game offerings as part of a hardware agnostic service. The PlayStation 5 and Xbox Series S/X will be in sh.....
PlayStation 5 Expected to Significantly Outperform Xbox Series X

PlayStation 5 Expected to Significantly Outperform Xbox Series X

In recent months it has become clear that Sony and Microsoft are pursuing two very different strategies in the video game industry.  The likely result is that the upcoming Sony PlayStation 5 should significantly outsell the Microsoft Xbox Series X.  However, Microsoft may have the long-term winning battle plan. The latest DFC Intelligence video game console forecasts have the PlayStation 5 outselling t.....