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Sony purchased Insomniac Games for $229M


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 2 months 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 months ago '16        #2
NYNY 
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Heard they bought up kojimas studio aswell
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 2 months ago '14        #3
BasedGawd  topics gone triple plat - Number 1 spot x3
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That sounds kinda cheap to be honest.
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 2 months ago '09        #4
Vincent_Chase 
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Nice even better games coming
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 2 months 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 months 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 months 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 months 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 months 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 months 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 months ago '18        #11
Lord God  topics gone triple plat - Number 1 spot x2
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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 months 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 months 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 months ago '08        #14
606robin 
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Bring back Resistance...
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 2 months 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 months 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 months ago '04        #17
SpyDa 
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 S-Class said
The war is over.
try to tell an xbox fan that.
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 2 months ago '18        #18
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 months ago '12        #19
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 months ago '12        #20
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 months ago '14        #21
BasedGawd  topics gone triple plat - Number 1 spot x3
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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 months ago '17        #22
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 08:26 PM..

 2 months ago '17        #23
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 months ago '04        #24
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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 2 months ago '04        #25
cuzjuan  topics gone triple plat - Number 1 spot x1
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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?
what they aiming for is to stock their cabinets with quarterly releases (or more) per year at a steady pace, which then in turn added with gamepass and xplay turns u in to an xbox customer...

whether you lookin for top tier ie. series X
or a 2nd console ie. lockhart @ $250.00
or your sticking with PC and using gamepass ultimate

either way, they trying to make it real easy for you to buy into the eco system..
SONY nor NINTENDO dont have the infrastructure to compete with MS/XBOX at this level... so xbox sees amazon and google as rivels.. not small compaies like sony or nintendo

Xbox live itself is worth more than all the consoles sony sold this gen, just to put things into perspective on how huge MS is as a company


Last edited by cuzjuan; 02-12-2020 at 10:33 PM..
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