Sony Interactive Entertainment recently announced that it had acquired Insomniac Games in its entirety. Insomniac Games has had a long history of working exclusively with Sony, most recently on Spiderman, so though this was surprising, it makes sense.
We don’t really know the monetary details of the deal, because Sony has not disclosed financial terms of the deal “due to contractual commitments,”.
Insomniac Games recently helped Sony in it cementing PlayStation 4 as the console with the best exclusives with the top-selling “Marvel’s Spider-Man”. In the past as well, classics like “Ratchet & Clank” franchise were produced by Insomniac Games for the PlayStation.
Once the acquisition closes, Insomniac Games is expected to join the global development operation of Sony Interactive Entertainment Worldwide Studios, which would become the 14th studio to join the division.
“Marvel’s Spider-Man,” which has sold more than 13.2 million copies worldwide as of July 28, 2019, might be getting a Game of the Year version soon, that’s how successful it was.
“Joining the World Wide Sony family gives Insomniac even greater opportunities to achieve our studio vision of making positive and lasting impressions on people’s lives,” Ted Price, Insomniac Games’ founder and CEO, said in a statement. “We’ve enjoyed a special relationship with PlayStation practically since our inception.”
Shawn Layden, chairman of Sony Interactive Entertainment Worldwide Studios, had much praise for Insomniac games during the announcement:
(Insomniac Games’s) “legacy of best-in class storytelling and gameplay is unparalleled,” “The addition of Insomniac Games to SIE WWS reiterates our commitment to developing world-class gaming experiences that can only be found on the PlayStation platform.”
Insomniac only started making games for platforms other than PlayStation in 2013, releasing games like “Fuse” (for Xbox 360 and PS3) and “Sunset Overdrive” (for Xbox One), so it will be not hard for them to adjust back to the one platform dynamic.
Day-to-day operations of Insomniac Games following the closing of the acquisition are expected to be run by Price and the rest of the current management team in conjunction with SIE WWS San Mateo Studio. The deal is subject to regulatory approvals and certain other closing conditions.
According to a well known Insider, Tidux, this is only the first of the acquisitions and more will soon follow.
— Tidux (@Tidux) August 19, 2019
Although this is just speculation, Tidux did predict the Insomniac acquisition. In any case, you can expect us to update you on this, as soon as it is talked about.