Sony buying Bungie for $3.6 Billion
Sony Interactive Entertainment today announced a deal to acquire Bungie for $3.6 billion, the latest in a string of big-ticket consolidation deals in the games industry.
At present, the studio is working on maintaining Destiny 2, expanding the Destiny franchise, and working on new IP.
I would really prefer overall to see less of “Giant games company X buys smaller developer Y, thus consolidating the marker further” but that’s just how the business is going at this point. Wild to see the stark divide between AAA and indie studios.
As a VERY bought-in Destiny 2 player, I actually don’t mind this though. I mean yeah, I’d prefer for Bungie to independently just do well, but Sony tends to do well by their studios, and if the FAQ is to be believed, Bungie will remain a wholly self-controlled subsidiary with creative control.
Of course, who knows how long that will last. Hoping the answer is “basically forever” but I know first-hand that the promise of “you’ll remain a self-contained subsidiary!” is not a forever deal.