Tony Vinciquerra, president of Sony Pictures, believes that for large companies the film and television industry has reached its growth limit; now it is the area of videogames that must find new forms of development through acquisitions or movements that help position the brand in the market.
Speaking during Bank Of America Merrill Lynch Media (via VGC), the CEO of Sony Pictures argues that “the traditional medium of television and cinema has probably reached its ceiling and the new growth area is the video game business, and who is better positioned than Sony in that business?”He comments.
“I think you will see some consolidation there,” referring to video games. “You will probably see something else from us. There are probably too many film studios, so you may see one or two fewer in the next five or ten years, ”Vinciquerra anticipates, perhaps because some of those studios are absorbed by other large companies. “What I firmly believe is that there will be a consolidation in the video game business”.
The video game industry and its particular game of chess
Last year was marked by the closing of the purchase of ZeniMax Media (including Bethesda studios) by Microsoft (Xbox) and the purchase of Codemasters by EA. Similarly, Nintendo made the purchase of Next Level Games official.
Sony is not far behind. In 2019 it closed the purchase of Insomniac Games for 229 million euros. This same summer the purchase of Housemarque (Returnal) and Nixxes, responsible for many ports for PC, became official. This September it was Firesprite who joined PlayStation Studios.
These types of movements were actually anticipated by Sony itself, which in August 2020 recognized its willingness to buy new studios and bring more exclusive games to PC; the next, Uncharted 4.
Source | VGC