Sony Pictures’ boss expects more video game buyouts and acquisitions in the near future.
Speaking at the Bank Of America Merrill Lynch Media, Communications & Entertainment Conference earlier this month, Sony Pictures CEO and chairman Tony Vinciquerra was quizzed about consolidation in the movie industry. “I do think you’ll see some consolidation on that side. You’ll probably see a little more on our side as well, but I think the next area of consolidation will be the games business.”
Vinciquerra didn’t say much, but it’s clear that the Sony Pictures boss eyes the games industry as ripe for future acquisitions. The past 18 months have already seen buyouts, such as Microsoft buying Bethesda, Playstation acquisitions of Housemarque, as well as Playstation buyout of Firesprite, and many more.
It’s perhaps not surprising, then, that the video games industry has turned to acquisitions and consolidations with all this extra revenue. Although the Sony Pictures boss expects more buyouts and acquisitions in the future, we’ll be left guessing which developers and publishers could potentially be acquired, and by who.