Quick News Bit

Sony’s PlayStation Chief to Retire Next Year


Jim Ryan, who leads Sony’s PlayStation video game console business, is retiring next year, Sony said on Wednesday.

Mr. Ryan joined Sony in 1994, and has held various executive positions at the company over the years. He became the chief executive of Sony Interactive Entertainment, a subsidiary of Sony, in 2019.

“I’ve found it increasingly difficult to reconcile living in Europe and working in North America,” Mr. Ryan, who is British, wrote in a blog post announcing his retirement.

Hiroki Totoki, another top executive at Sony, will become the interim chief executive of S.I.E. after Mr. Ryan’s departure in March, the company said. Bloomberg earlier reported Mr. Ryan’s planned retirement from Sony.

Sony has long been one of the most dominant companies in the lucrative video game industry, publishing popular franchises like Spider-Man and The Last of Us. In 2020, the company released the PlayStation 5, its latest console, to critical acclaim. Mr. Ryan wrote in a blog post in July that Sony had sold more than 40 million PlayStation 5s since then.

Sony’s chief competitors are Nintendo, which makes the Switch console, and Microsoft, which makes the Xbox. Sony has long held an edge over Microsoft in the number of hit games it makes that are exclusive to its system, driving gamers’ interest in the PlayStation.

To compete, Microsoft pioneered a new form of video game distribution: a Netflix-style subscription service in which gamers pay a monthly fee for a library of titles, rather than purchasing individual games.

Microsoft has also been on a spending spree in hopes of catching up to Sony, purchasing Bethesda Game Studios and a host of other studios in 2020 for $7.5 billion. Sony was a fierce objector to Microsoft’s other big purchase: a $69 billion acquisition of Activision Blizzard that is still under review by regulators.

Mr. Ryan testified in a recorded video deposition with the Federal Trade Commission that he believed Microsoft acquiring Activision’s library of games would harm PlayStation users and limit competition.

He said he believed Microsoft could withhold Call of Duty, Activision’s biggest game, from PlayStation “to damage us.” But a federal judge didn’t buy his arguments, and the Activision deal could close next month after a British regulator’s review.

Sony has also made acquisitions. Last year, it bought the game studio Bungie, which makes the Destiny franchise, for $3.6 billion.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment