Playstation

Sony Photos Boss Thinks PlayStation Studios Is ‘the New Development Space’

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Sony Photos Chairman and CEO Tony Vinciquerra has stated that he believes the normal medium of movie and tv has “peaked,” and that Sony’s video game business is “the brand new progress space.”

Vinciquerra made his remarks through the Financial institution Of America Merrill Lynch Media, Communications & Leisure Convention this month (transcribed by Video Video games Chronicle), the place he was requested if he anticipated any additional consolidation within the film business. In keeping with Vinciquerra, we’ll see extra mergers and acquisitions on the video video games aspect going ahead.

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I believe the normal medium of tv and movie has in all probability peaked and the brand new progress space would be the video games enterprise, and who’s higher positioned than Sony for that enterprise? I do assume you’ll see some consolidation on that aspect. You’ll in all probability see just a little extra on our aspect as nicely. I do assume there are in all probability too many movie studios and also you would possibly see one or two much less over the subsequent five-to-ten years. However I believe the subsequent space of consolidation would be the video games enterprise.

Sony has repeatedly expressed its want to deliver each leisure mediums collectively and is actively concerned in turning a few of its beloved first-party franchises into motion pictures and tv exhibits, together with The Final of Us, Twisted Steel, Ghost of Tsushima, and Uncharted. The corporate can be in a novel place, which permits it to show properties like Marvel’s Spider-Man and and Marvel’s Wolverine into video video games for unique launch on PlayStation platforms.

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So far as mergers and acquisitions go, Sony has acquired quite a few studios in latest months, and has plans so as to add extra groups to PlayStation Studios.

[Supply: VGC]

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