First-Party Hiroki Totoki Investment News PS5 Sony

Sony To Increase Investment In PlayStation First-Party Endeavours Over The Next Year

Hiroki Totoki, chief financial officer at Sony Interactive Entertainment, has revealed that the company is set to invest heavily in first-party efforts over the next year.

Speaking during the company’s latest financial report (reported by VGC), Tokoki-san revealed that Sony is increasing its investment budget in first-party endeavours by $183 million. Given we’ve heard major rumors about Sony looking to focus on blockbuster titles, this probably won’t come as much of a surprise.

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Sony made a number of key announcements during its financial results earlier today, chief among which includes confirmation that 7.8 million PS5s have been sold worldwide. In addition, PlayStation Plus subscriptions have now hit 47.6 million globally.

Elsewhere, Sony’s Game & Network Services division posted its best year ever with revenue topping $24.4 billion, and the company expects sales of first-party games to increase year-on-year after a strong FY 2020 performance.

Source – [VGC]