Sony Pictures Chairman and CEO Tony Vinciquerra has mentioned that he believes the normal medium of movie and tv has “peaked,” and that Sony’s video game business is “the new growth area.”
Vinciquerra made his remarks throughout the Bank Of America Merrill Lynch Media, Communications & Entertainment Conference this month (transcribed by Video Games Chronicle), the place he was requested if he anticipated any additional consolidation within the film business. According to Vinciquerra, we’ll see extra mergers and acquisitions on the video video games facet going ahead.
I feel the normal medium of tv and movie has in all probability peaked and the brand new development space would be the video games enterprise, and who’s higher positioned than Sony for that enterprise? I do assume you’ll see some consolidation on that facet. You’ll in all probability see a little bit extra on our facet as effectively. I do assume there are in all probability too many movie studios and also you would possibly see one or two much less over the following five-to-ten years. But I feel the following space of consolidation would be the video games enterprise.
Sony has repeatedly expressed its want to carry each leisure mediums collectively and is actively concerned in turning a few of its beloved first-party franchises into motion pictures and tv exhibits, together with The Last of Us, Twisted Metal, Ghost of Tsushima, and Uncharted. The firm can also be in a singular place, which permits it to show properties like Marvel’s Spider-Man and and Marvel’s Wolverine into video video games for unique launch on PlayStation platforms.
As far as mergers and acquisitions go, Sony has acquired quite a few studios in latest months, and has plans so as to add extra groups to PlayStation Studios.