Playstation CEO says investing in new IPs is “very risky”

Playstation CEO says investing in new IPs is “very risky”

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Makes you think about those 79.99 games?

In a recent interview with GQ, Playstation CEO Jim Ryan commented about Sony newest acquisitions alongside the risks when starting of new game IPs, ending up saying that “It’s very risky”.

We’ve invested a lot organically over the course of the PS4 generation, more than people realise. We’ve added Insomniac Games [Spider-Man Miles Morales’ developer] through acquisition. We’re making great games now and we certainly plan to continue making great games,” Ryan said

“The thing with those blockbuster games is that they need a box office release. They cost more than $100 million to make these days and in order to be able to do that and bring new IP to the market – which is a very risky thing and we did four times in the PS4 generation – you’ve got to have a box office release.”

“We have a management organisation that sits over the individual studios and one of the things that we look at a lot is the portfolio and we look at is the balance between new iterations of much-loved series such as God Of War or Uncharted and shaking things up with new IP such as Horizon Zero Dawn or Ghost Of Tsushima. We think about this very deeply and very carefully.”

Knowing this, I suppose it ain’t very surprising that the games now cost 79.99€ here in Europe.

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Pedro Relvas

Editor Chief. Having previous experience in the industry as a games journalist for the past 5 years, Pedro started this new project with the team to deliver our take on the Gaming Industry. Fan of SP/MP games and a huge World of Warcraft nerd. Contact me at : [email protected]

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