The Playstation-as-HBO approach to game publishing made sense in the PS4 era, though it was a mistake to abandon online gaming to such a deep extent. There is now evidently brain drain at teams like Insomniac, Guerrilla, and Naughty Dog. Single player, story games still have a place, but there is a big frontier for new kinds of connected gaming. Even hybrid approaches like Elden Ring and Death Stranding have a ton of creative potential.
I absolutely agree with his portion of your comment. They definitely missteped abandoning Multiplayer games PS4 era. It was thee generation to go all in once again for that genre. They had some amazing stuff on PS3 that could have been remastered/ remade and retooled as well.