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Sony to buy mobile game developer in push beyond consoles
Global Banking & Finance Review®
Company
By Sam Nussey
TOKYO (Reuters) – Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for an undisclosed amount as part of a major push by the Japanese conglomerate beyond console gaming.
Sony’s gaming chief Jim Ryan in May outlined plans to radically broaden the games portfolio beyond the PlayStation 5 console and the group’s focus on single player games with more releases on PC and mobile.
Savage Game Studios, which was established two years ago and is working on a live service action title for mobile, will become part of a new mobile division of PlayStation Studios, Sony said in a statement.
The entertainment conglomerate hopes to tap into more consumer spending on gaming by expanding on other platforms while also defending against technological shifts that are loosening ties to bulky hardware.
“PlayStation Studios must continue to expand and diversify our offering beyond console, bringing incredible new games to more people than ever before,” said Hermen Hulst, head of PlayStation Studios.
Sony is struggling to produce enough PS5 consoles to meet demand amid supply chain snarls and last week announced a price hike in many markets due to pressure from a strengthening dollar.
(Reporting by Sam Nussey; Editing by Susan Fenton)
Mobile gaming refers to playing video games on mobile devices such as smartphones and tablets. It has become increasingly popular due to the accessibility and variety of games available.
A live service game is a video game that is continuously updated with new content and features after its initial release. This model encourages ongoing player engagement and monetization.
A gaming portfolio refers to a collection of video games developed or published by a company. It showcases the variety and range of games available to consumers.
Supply chain management involves overseeing and managing the flow of goods, services, and information from suppliers to consumers. It aims to optimize efficiency and reduce costs.
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