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Sony purchased Insomniac Games for $229M


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 2 weeks ago '09        #1
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Tiko377 
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Sony purchased Insomniac Games for $229M
 

 
In fall of 2019, Sony acquired Insomniac Games, developer of Marvel’s Spider-Man, the Ratchet & Clank series, the Spyro series, and more. And thanks to Sony’s latest financial report, we know Insomniac's price: $229 million (24.895 billion yen).

According to the report, Sony paid for Insomniac with mostly cash. It’s possible the purchase amount could fluctuate before March 31, the end of the fiscal year. But with the acquisition, Insomniac is Sony Interactive Entertainment’s 14th internal studio.

CEO Ted Price founded Insomniac in 1994. Back then it was Xtreme Software, and the studio has since created some beloved franchises — many of which are PlayStation exclusives like Ratchet & Clank. Sony owns the IP for Ratchet & Clank, but with the purchase of Insomniac, Sony also owns the Sunset Overdrive IP — although the original game is still a console exclusive for Xbox One.

Around the acquisition last year, Price commented on the deal.

Joining the WWS (Worldwide Studios) family gives Insomniac even greater opportunities to achieve our studio vision of making positive and lasting impressions on people’s lives. We’ve enjoyed a special relationship with PlayStation practically since our inception. Our partnership amplifies our potential, and Marvel’s Spider-Man was a testament to this. We’re excited to take the next step in our growth alongside our longtime WWS partners. Most of all, we look forward to delivering fresh, new experiences for our fans.

Insomniac's next project is currently unknown, although the studio could make an appearance at the PlayStation 5 reveal event later this year.

visit this link https://www.polygon.com/2 .. clank#comments
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 2 weeks ago '16        #2
NYNY 
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Heard they bought up kojimas studio aswell
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 2 weeks ago '14        #3
BasedGawd  topics gone triple plat - Number 1 spot x2
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That sounds kinda cheap to be honest.
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 2 weeks ago '09        #4
Vincent_Chase 
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Nice even better games coming
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 2 weeks ago '10        #5
acegutta22  topics gone triple plat - Number 1 spot x1
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 BasedGawd said
That sounds kinda cheap to be honest.
They don't really control that much IP it's around the same amount that respawn was purchased for

 2 weeks ago '10        #6
acegutta22  topics gone triple plat - Number 1 spot x1
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Microsoft is stupid for not buying them
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 2 weeks ago '04        #7
SpyDa 
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I dont really care for console wars but stories like this makes owning a ps5 necessary.
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 2 weeks ago '04        #8
Jaysin_305 
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 acegutta22 said
Microsoft is stupid for not buying them
Yup they could of easily thrown them an offer they paid over a billion for Mojang just for Minecraft but they where already dealing with Sony so it was probably a easier deal and transition
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 2 weeks ago '04        #9
cuzjuan  topics gone triple plat - Number 1 spot x1
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 BasedGawd said
That sounds kinda cheap to be honest.
yup way cheap for a game studio, especially when games like mindcraft sold for atleast 1B and even PUBG got a cool 1B...

that sounds like a deal for sony
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 2 weeks ago '05        #10
WCIB 
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Thank God I don’t have to choose. My PS5 will be blessed by excellence.
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 2 weeks ago '18        #11
Lord God  topics gone triple plat - Number 1 spot x1
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 Jaysin_305 said
Yup they could of easily thrown them an offer they paid over a billion for Mojang just for Minecraft but they where already dealing with Sony so it was probably a easier deal and transition
They were dealing with Xbox (Sunset OD) before Spider-Man. Microsoft fu*ked up.
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 2 weeks ago '17        #12
SPdaGOAT  topics gone triple plat - Number 1 spot x3
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That final purchase price is very telling to me. Can’t wait for Sony to officially reveal the PS5. They cooking some sh*t
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 2 weeks ago '06        #13
Prince Ace 
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 acegutta22 said
Microsoft is stupid for not buying them
Microsoft gamers didn't support one of the best early XB1 games so it makes sense that they wouldn't pick up the studio. Sunset Overdrive deserved WAY more consumer support than it got
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 2 weeks ago '08        #14
606robin 
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Bring back Resistance...
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 2 weeks ago '17        #15
Lazy 
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 acegutta22 said
Microsoft is stupid for not buying them
MS is competing with Google and Apple so they aren't aiming for these purchases

Sony is the only company still playing by old school rules and Nintendo is chilling in it's niche

That's good or bad depending on how you adapt to change

But if you're looking for exclusives on conventional consoles definitely get a ps5
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 2 weeks ago '18        #16
S-Class 
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 SpyDa said
I dont really care for console wars but stories like this makes owning a ps5 necessary.
The war is over.
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 2 weeks ago '18        #17
stutteringrap  topics gone triple plat - Number 1 spot x3
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 BasedGawd said
That sounds kinda cheap to be honest.
lol! that is overpriced if you ask me. what games does insomanic games have to be worth 230 million?

what famous or hit franchises they have produced!
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 2 weeks ago '04        #18
SpyDa 
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 S-Class said
The war is over.
try to tell an xbox fan that.
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 2 weeks ago '18        #19
S-Class 
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 SpyDa said
try to tell an xbox fan that.
Lol yea but deep down they know
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 2 weeks ago '12        #20
LicensedLegend 
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 Lazy said
MS is competing with Google and Apple so they aren't aiming for these purchases

Sony is the only company still playing by old school rules and Nintendo is chilling in it's niche

That's good or bad depending on how you adapt to change

But if you're looking for exclusives on conventional consoles definitely get a ps5
So, what were they aiming for when they bought the other 15 or so studios these past couple of years?
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 2 weeks ago '12        #21
LicensedLegend 
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 stutteringrap said
lol! that is overpriced if you ask me. what games does insomanic games have to be worth 230 million?

what famous or hit franchises they have produced!
Spider-Man is their biggest at 13 million, and they don’t even own that ip.
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 2 weeks ago '14        #22
BasedGawd  topics gone triple plat - Number 1 spot x2
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 LicensedLegend said
Spider-Man is their biggest at 13 million, and they don’t even own that ip.
These days, hit videogames are making a billion dollars easily.

Sony gonna profit well off of this buy.
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 2 weeks ago '17        #23
Lazy 
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 LicensedLegend said
So, what were they aiming for when they bought the other 15 or so studios these past couple of years?
Games they can put on their platform

Most of those studios died or were sold as well

MS made a hard pivot towards software

Probably because all our devices are becoming PCs anyway

Imo this isn't good for console gamers and I hope games don't become stagnant


Last edited by Lazy; 02-12-2020 at 09:26 PM..

 2 weeks ago '17        #24
SPdaGOAT  topics gone triple plat - Number 1 spot x3
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 LicensedLegend said
So, what were they aiming for when they bought the other 15 or so studios these past couple of years?
We’re still waiting to see

 2 weeks ago '04        #25
cuzjuan  topics gone triple plat - Number 1 spot x1
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 Prince Ace said
Microsoft gamers didn't support one of the best early XB1 games so it makes sense that they wouldn't pick up the studio. Sunset Overdrive deserved WAY more consumer support than it got
one of the best exclusive this gen... never had so much fun dying in a game b4...

never know how u gonna respawn, thAT WAS CRAZY


had a few that spoofed back 2 the future, Terminator, The Ring, Jerry Maguire
issa dope game!
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