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Sony Plans ‘More Investments’ Following Solid Q3 2020 Financial Results

Sony Interactive Entertainment has revealed its intention to make ‘more investments for growth’ in wake of its highly profitable Q3 2020 financial results.

Here’s what the hardware giant had to say in a statement issued during its financial report:

We plan to utilize the excess operating cash flow from this fiscal year as a source of future strategic investment going forward.”

Opportunities for investment, especially in the entertainment space, are steadily increasing and, during the period of our next mid-range plan, which will begin next fiscal year, we aim to make more investments for growth than we did during the current mid-range plan.

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Sony has already snapped up a number of studios over the past few years, including Insomniac Games, EMI, Game Show Network and Whisper Films among others. In contrast, Microsoft has acquired a not of game developers, so Sony will probably be looking to extend its mark in this area.

[Source – Twisted Voxel]