PlayStation CEO says Sony still has "more studio acquisitions planned"

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"We’re growing our studios organically and we’re growing through acquisition"

PlayStation studios
(Image credit: Sony)

SIE President and CEO Jim Ryan has confirmed that the company has more game studio acquisitions planned.

The news comes courtesy of the latest edition of the official PlayStation podcast, and follows several high-profile acquisitions, including Destiny creator Bungie, Bluepoint Games, Housemarque, and most recently, Haven. The company now has 18 first-party development studios in its portfolio.

“The games that we make are getting bigger; they’re getting better, they’re getting more beautiful, they’re getting richer, the narrative is getting stronger… this is really great and gamers tell us this is what they really want from PlayStation," he said.

"Now, I have to say, putting these games into a subscription service immediately upon their release would break this virtuous circle, and we wouldn’t be able to invest in the way that we’re currently able to. So we’re not doing it. We’re going to stick to the approach that we have and has served us well under many years now."

Sony said that the system - which combines PS Now and PS Plus within a three-tier offering - will include 400 PS4 and PS5 games, as well as titles from the PS1, PS2, PS3, and PSP. The three tiers - dubbed PS Plus Essentials, PS Plus Extra, and PS Plus Premium - will be available from $60 per year for PS Plus Essentials to $120 per year for PS Plus Premium, with monthly and three-month subscriptions also available. The new PS Plus will launch in June, but will be a "phased" launch. 

Interestingly, Ryan doesn't think gaming subscriptions will ever "go to the levels we see with Spotify and Netflix", though.

Looking to catch up on all things PlayStation? Find out what you can look forward to this year with our upcoming PS5 games list.  

Vikki Blake
Vikki Blake
Weekend Reporter, GamesRadar+

Vikki Blake is GamesRadar+'s Weekend Reporter. Vikki works tirelessly to ensure that you have something to read on the days of the week beginning with 'S', and can also be found contributing to outlets including the BBC, Eurogamer, and GameIndustry.biz. Vikki also runs a weekly games column at NME, and can be frequently found talking about Destiny 2 and Silent Hill on Twitter.