
Sony Has Acquired Destiny Developer Bungie For $3.6 Billion, Studio To Remain Multiplatform
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Monday, January 31, 2022
With Microsoft acquiring Activision for a cool $68.7 billion earlier this month, Sony Interactive Entertainment has announced its own acquisition deal today, adding Destiny 2 developer Bungie to its portfolio of first-party studios. However, the deal will see Bungie continue to operate as an independent developer making multiplatform titles.
The $3.6 billion deal will see Sony bring Bungie on board as “an independent subsidiary”, with studio CEO and Chairman Pete Parsons and his management team on the board of directors. However, Bungie will remain a multiplatform studio under SIE, albeit with the option to “self-publish and reach players wherever they choose to play”.
It could be that Sony and Microsoft may strike some form of quid pro quo to keep Call of Duty and Destiny on PlayStation and Xbox, or whatever new IP Bungie is currently working on, alongside ongoing plans to expand the Destiny universe.
“We've had a strong partnership with Bungie since the inception of the Destiny franchise, and I couldn't be more thrilled to officially welcome the studio to the PlayStation family,” SIE President and CEO Jim Ryan commented (via GamesIndustry.biz).
“This is an important step in our strategy to expand the reach of PlayStation to a much wider audience. We understand how vital Bungie's community is to the studio and look forward to supporting them as they remain independent and continue to grow. Like Bungie, our community is core to PlayStation's DNA, and our shared passion for the gamer and building the best place to play will now evolve even further."
As Bungie continues to operate independently under Sony Interactive Entertainment, Parsons added that the two companies' plans to create entertainment that spans generations are aligned.
“Both Bungie and SIE believe that game worlds are only the beginning of what our IP will become,” Parsons remarked. “Our original universes have immense potential and, with SIE's support, we will propel Bungie into becoming a global multimedia entertainment company dedicated to delivering on our creative vision”.