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It was due to the acquisitions of Zynga. Take two took over their operations which resulted in net loss of 1.1 billion dollar and part of it could be development of GTA 6.
You are right. It is best to buy a live service studio than to create one. Plus they also seem like passionate developers.
Ahh a fellow Genshin-neer. Sony should definitely start investing in that company if they can. Especially since Star Rail is coming to Playstation later this year. This is something that will definitely pay off in the long run.
I think you got the problem backwards - the bold. If you think about it more and think strategically you'll understand.
Nintendo smacks playstation around when it comes to profits. No wonder they don't put their games on PC. Whoever is the CEO over there actually knows what they are doing
Genshin is still a single player story based gatcha, while the type of live service games service are developing are pvp shooters. Completely different audiences and one is much harder to take off than the other. Crazy cuz all sony has to do is make a fate grand order genshin clone and they could have themselves another successful gatcha game
Sony did acquire Bungie and others, released PSVR2 and is developing around 40 AAA games. Had huge costs, so their profits were down.
I didn't know that Gran Turismo and MLB were pvp shooters.
Yes, big publishers like Sony know that the biggest and fastest growing markets are mobile and even in consoles the (GaaS) add-ons. And that also console market is estimated to remain flat and that revenue from game sales is decreasing.
They saw it coming and signed it. It's a Sony console exclusive, until it gets released on Switch somewhere in the future.
They do have a marketing agreement with them though. Every new update I get free stuff in the game because of PS+.
Marketing agreements mean nothing as you can see with Activision. Sony just sucks at making strategic investments.
btw most of Sony's revenue isn't actually theirs, it belongs to the publishers of the games distributed through their digital storefront. That's why their profit margins are lower.Sony did acquire Bungie and others, released PSVR2 and is developing around 40 AAA games. Had huge costs, so their profits were down.
But if you look at their revenue you'll see that Sony's revenue ($26.9 B) is bigger than Nintendo ($14 B), MiHoyo ($3.83 B) and this year even bigger than Tencent ($17.3 B).
But Sony reinvests pretty much what they do on making more stuff: their gaming R&D budget for this fiscal year is basically all the revenue that division generated the previous fiscal year after taxes and so on.
I didn't know that Gran Turismo and MLB were pvp shooters.
Yes, big publishers like Sony know that the biggest and fastest growing markets are mobile and even in consoles the (GaaS) add-ons. And that also console market is estimated to remain flat and that revenue from game sales is decreasing.
This is why publishers like Sony invest on GaaS and mobile.
They saw it coming and signed it. It's a Sony console exclusive, until it gets released on Switch somewhere in the future.
Being Chinese I don't know if they would be able to buy MiHoyo. Also, with this insane profits and profits margin their value should be insane, bigger than publishers like Capcom or Konami but only for a handful games.
No, 100% of the $26.9 Billion revenue made by the SIE division belongs to Sony.
