129

Sony buys Firesprite, the third gaming studio in 2021 as acquisition spree continues

Sony buys Firesprite, the third gaming studio in 2021 as acquisition spree continues
Justinas
Baltrusaitis
2 weeks ago
2 mins read

Sony has announced the acquisition of UK-based video game studio Firesprite as part of strengthening PlayStation’s exclusive games catalog. 

In a press statement, Sony Interactive Entertainment indicated that Firesprite joins the global development operation of PlayStation Studios and will become the 14th entity to be part of the platform. However, Sony did not disclose the acquisition’s fee. 

Furthermore, Firesprite will maintain its day-to-day operations post-acquisition under the current management team. 

“We have a rich history of working with the founders of Firesprite and are excited to grow the PlayStation presence in Liverpool. The portfolio of titles Firesprite has developed has continually demonstrated the team’s ability to transcend traditional gameplay experiences and brilliantly showcase the potential of our hardware,” said Jim Ryan, President & CEO, Sony Interactive Entertainment.

Notably, both entities have a long-existing working relationship with Firesprite, known for popular titles like “The Playroom” and “Run Sackboy! Run”. There is already a strong connection between the two companies considering that Firesprite was founded by Sony Interactive Entertainment’s Liverpool studio staffers.

Sony acquisition spree

The latest move by Sony highlights the acquisition spree by the firm that has accelerated this year. Notably, Firesprite became the third studio to be acquired by Sony in 2021.

In June, Sony acquired Returnal developer Housemarque and Dutch studio Nixxes in July. Other PlayStation Studios include  Ratchet & Clank developers Insomniac Games, Horizon Zero Dawn developers Guerrilla Games, and The Last of Us developers Naughty Dog.

Last year, Sony indicated that it was exploring the idea of expanding its first-party titles to the PC platform as a means of growing its profits.

The company’s profitability is exhibited by the sales of the latest next-generation console, the PS5. Our previous research indicated that Playstation 5 had generated an estimated $3.8 billion in revenue from selling about 8.6 million consoles with an average price of $449.99 per unit.

What we like:

Highly credible broker

Perfect for beginners

Protected by insurance

60+ cryptocurrencies to invest

Join us on Twitter or Telegram

Or follow us on Flipboard Flipboard

Like the article? Vote up or share on your social media

Recommended content

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s

Justinas Baltrusaitis
Author

Justin crafts insightful data-driven stories on finance, banking, and digital assets. His reports were cited by many influential outlets globally like Forbes, Financial Times, CNBC, Bloomberg, Business Insider, Nasdaq.com, Investing.com, Reuters, among others.