PlayStation is hiring a Director of Corporate Development to help identify acquisition opportunities and enhance its portfolio of first-party studios.
The move mirrors an appointment announced by Xbox last week of a director of game strategy and development as both publishers seek to buy out growing numbers of developers.
As I mentioned Chronicle video gamesDiscover Business Analyst Robert Serrano work list. The new director will lead Sony’s development team responsible for “identifying inorganic growth opportunities through acquisitions, investments or joint ventures.”
Sony interactive entertainment@Play StationSeeks for a Corporate Development Manager to be responsible for identifying inorganic growth opportunities through acquisitions, investments or joint ventures, attractive mergers and acquisitions, and investment opportunities> https://t.co/1GA7zkswbC pic.twitter.com/t3lgypADDx
– Roberto Serrano’ | (@geronimo_73_) May 2, 2022
Sony is looking for someone with experience in video games who will not only help the candidate find and develop initial opportunities, but also help align them with the overall Sony culture and business process to “create significant long-term value to the company”.
Working closely with the overall management team, the new director will apparently be at the forefront of PlayStation and first-party studios, with the publication promising “an opportunity to influence the fast-paced development of this sector”.
While drafted with minimal excitement, the candidate Xbox is looking for will “develop and evaluate a feasibility study for the acquisition of content and technology,” Microsoft’s post noted the acquisition of Bethesda in 2020 and the intended purchase of Activision Blizzard announced earlier this year. .
PlayStation and Xbox have been somewhat locked into the acquisition race in recent years as both publishers have pushed to expand their first-party studios.
Sony bought Bungie in February for $3.6 billion and last year it also acquired several other studios including Bluepoint and Housemarque. It has no intention of slowing down, as Sony Interactive Entertainment President Jim Ryan said earlier this month that it already has more purchases planned.
On the other hand, Xbox’s purchase of Activision Blizzard for $68.7 billion, would be one of the largest purchases in entertainment history upon completion of the deal, putting it on par with Disney’s $71.3 billion purchase of 21st Century Fox and shy of buying AT& T to Time Warner for $85.4 billion.
Ryan Dinsdale is a freelance translator at IGN who occasionally remembers @thelastdinsdale’s tweet. He’ll be talking about The Witcher all day long.