Sony Interactive Entertainment CEO details PlayStation growth plans in corporate strategy meeting

Sony Interactive Entertainment has released details of its fiscal 2022 corporate strategy meeting, which recently took place at the company’s headquarters in Tokyo, Japan, and was hosted by SIE CEO Kenichiro Yoshida and CFO Hiroki Totoki. While most of the meeting was about Sony’s plans moving forward as a whole, much of the meeting was also about the future of PlayStation.

According to the meeting, Sony plans to continue investing in video games. Bungie’s recent acquisition was also mooted as playing a key role for Sony in the long run, thanks to Bungie’s experience and knowledge in running live service games.

Yoshida also answered a few questions during the meeting’s Q&A session, where the CEO said that when it comes to acquiring new studios and companies, Sony wonders if it will be able to contribute to the studio.

Another key area of ​​growth for Sony is the ability to use its gaming IPs to adapt it to other styles of media. An example shown in the presentation was the Unexplored film and its commercial success. Yoshida said Sony will continue to increase the value of its gaming properties through cross-promotions and adaptations.

Yoshida also shared some key numbers for PlayStation’s business growth. Many of these details were revealed during Sony’s earnings call earlier this month. The company expects to sell around 18 million PS5 units this fiscal year (through March 31, 2023). PlayStation Network’s new PS Plus service is also set to roll out in June, boosting revenue from the subscription service.

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