Another Major Gaming Acquisition: Sony to buy developers of Destiny and creators of Halo

Hamsika

Sony will be acquiring Bungie, the developer of Destiny and Halo with a valuation of $3.6 billion. This news comes shortly after Microsoft announced that they will acquire Activision Blizzard last week. A deal valued at around $70 billion.

Bungie has announced, "We will continue to publish and creatively develop our games. We will continue to drive one, unified Bungie community. Our games will continue to be where our community is, wherever they choose to play." Jim Ryan, President and CEO of PlayStation also further clarified in an announcement, "... Bungie will remain an independent and multi-platform studio and publisher."

This comes at great comfort to players. As more studios begin to join these giant gaming companies, game exclusivity will play a major role in the landscape of the industry.

Since the onset of the pandemic we have seen gaming industry increase exponentially. According to Forbes, there was an 83% year-on-year increase in viewership on Twitch. This doesn't come as a surprise as many individuals picked up gaming as a new hobby during the pandemic. As a result there has been a major uptick in number of players and revenue as of late. In a forecast by Mordor Intelligence, the gaming industry was valued at $173.7 billion in 2021 and is projected to reach $314.40 billion by 2027.

Bungie, will be joining Bluepoint Games and Housemarque, other studios a part of the PlayStation family. As big gaming companies continue to acquire studios, the future of the gaming industry might play in the hands of a few. Regardless, the gaming industry seems to be expanding and has tremendous potential, at least in light of these latest acquisitions.

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Computer Engineer, Co-Founder of Deysh LLC. Documenting my thoughts online on topics from Technology, Finance, and Lifestyle

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