Sony Acquires Bungie For $3.6 Billion, Studio to Remain ‘Independent and Multi-Platform’

Just when you thought it was going to be a normal, boring Monday… Just before the end of January 2022, A news bomb dropped that Sony is acquiring Bungie in a deal valued at $3.6 billion! While it’s not quite the sticker shock of the Activision Blizzard deal with Xbox, this is still another big move for the industry, especially when you consider Bungie’s history with Xbox. These types of deals take months or years to come together, so this isn’t some big response to Microsoft’s acquisitions, but it does show that Sony is hungry for more studios. Even so, the fine print of this deal wasn’t quite what I was expecting. Let’s dive in and check out the details. Bungie to Remain an Independent Subsidiary Post Acquisition Normally, these types of acquisitions are meant to secure new exclusives, but Bungie has been focused on Destiny 2 for several years now, which is a multi-platform giant of a game that has more expansions releasing in 2022. Whether or not your play Destiny 2, it’s not a stretch to think that Sony would leverage this deal to make it a PlayStation Exclusive. That’s…apparently not the case. Reading the fine print of the announcement, and checking out Jim Ryan’s post on the PlayStation Blog, it’s emphasized from the get-go that Bungie will still release games for multiple platforms. According to he post, PlayStation Boss Jim Ryan wants the community to know that Bungie will sit alongside PLayStation Studios and take advantage of synergies and collaboration, but will otherwise enjoy the backing of Sony Interactive Entertainment to do what they do best, which is *checks notes*, “Build incredible worlds that captivate millions of people.” Was This a Reaction to Microsoft’s Activision Blizzard Acquisition? Given the timing of this, you would be forgiven for thinking this was Sony’s answer to Microsoft’s recent acquisition of Activision Blizzard for nearly $70 billion, but it’s not quite that simple. Acquisitions take months to finalize and don’t happen overnight. Christopher, Dring, of, explained this on Twitter the day of the Bungie announcement, and said that PlayStation Boss Jim Ryan told him this wasn’t the end for Sony’s acquisition plans: And Jim Ryan told me 'We should expect more' when it comes to further PlayStation acquisitions — Christopher Dring (@Chris_Dring) January 31, 2022 What’s Next For Bungie? One thing that’s interesting about acquisitions like these is that they make a big splash in the moment, but the true effects take years to really develop. Destiny 2 isn’t going anywhere, and it sounds like it won’t be PS5 exclusive, but that doesn’t mean we won’t see some PS5 exclusive events or content down the road. As far as Destiny 3 goes? That one is up in the air in this writer’s opinion. What makes this entire thing really interesting though is that Bungie put Xbox on the map back in the day when they released Halo: Combat Evolved. Now, they’re working for PlayStation. Funny how the world works. What … Read More

PS5 News and Rumors

Looking for PS5 news? You’ve come to the right place! Whether it’s specs, games, release date or any other hot rumor about the PS5, we’ll list it right here on our PS5 News page. Check this page frequently for the latest rumors about what is sure to be the next, next generation’s hottest device! Got a hot tip for us? Let us know in the comments! Current News Sony Planning a Game Pass For PS5 Game Pass has taken the industry by storm, and for good reason. It was only a matter of time before Sony rolled out something similar. In this article, we look at a new report from Bloomberg that offers some insight into how Sony will deliver their own version of Game Pass in spring 2022. Game Awards 2021 Highlights The Game Awards is always a fun time of the year, and while the awards are often overshadowed by trailers, it’s a fun event nonetheless. Find out what big reveals we saw, and who took home Game of the Year! The winner may surprise you, but I can say from experience that it’s a title that deserved the win. PlayStation 2021 Showcase Highlights Sony held their E3-style showcase in September of 2021, and they brought the heat! With new game announcements and some info about heavy-hitters like God of War Ragnarok, this is one event you’ll want to check out, especially if you missed the live stream. Find out what’s coming in the full article! Sony Officially Acquires Bluepoint Games! Bluepoint is renowned for their work on titles like the Shadow of the Colossus remake and the Demons Souls remake on PS5, so it’s only natural that Sony would want to acquire them. What could they be working on next? Some say it’s an original title, but we’ve got a list of games we’d like to see remade in our full article! How Chip Shortages are Making PS5’s Hard to Find A global shortage of chips and semiconductors is causing headaches for everyone around the world. From automotive manufacturers, to smartphone makers, and especially for those making game consoles. With chips out of stock, the PS5 is even harder to find than it would normally be. Learn more in our full article! E3 (sort of) Returns For 2021! We all remember how E3 just got completely canceled in 2020, so this year we got a virtual event instead of nothing at all. It wasn’t a return to form, and honestly a reminder of how this staple in gaming is slowly dying, but hey we got some announcements! Check out this list of trailers for titles you may have missed among all the virtual E3 options! PlayStation Store Shutting Down?! Sony started a lot of fires on the internet when they said that PS3, PSP, and Vita stores would be shutting down by the end of 2021. With countless games on these platforms never being made available physically, the decision raised a lot of issues with game preservation … Read More