Sony Audio Decal Sticker

Sony has announced that it’s leaning further into the gaming space — this time, within its own studios.

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During its first-quarter earnings call, the company said it will put about $300 million toward beefing up its existing software development and expanding its gaming business for the PlayStation 4 and PlayStation 5.

The strategy will complement Sony’s recent pattern of acquiring and assisting developers.

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Between January and the middle of December 2021, Sony had acquired five studios
Since the beginning of 2022, Sony has purchased Haven Studios and Bungie.
And in April, Sony invested $1 billion in Epic Games.

Sony reported $6.8 billion in profit for the fiscal year ending in 2021. The number was a drop of 14%.

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