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Sony Plans to Buy More Game Studios, Grow With Live Services, PC

Sony Group Corp.’s PlayStation division will acquire more game studios and increase investment in live services, PC and mobile offerings, its gaming chief said on Thursday.

The company is “not at all finished expanding PlayStation Studios inorganically” and will look to keep making deals, said Jim Ryan, president of Sony Interactive Entertainment. Sony has been bolstering its portfolio by agreeing to take over Bungie Inc. and several other game developers in recent months. The company also wants to integrate Bungie’s expertise as a live services operator into its broader ecosystem as it aims to build out that aspect of its consumer offering.