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Sony has Acquired Bungie for $3.6 Billion— Benji-Sales (@BenjiSales) January 31, 2022
Bungie will be an independent subsidiary under SIE run by a Board of Directors. Sony states Bungie will remain a multiplatform studio to "self-publish and reach players wherever they choose to play.""
Bungie will remain multiplatform, able "to self-publish and reach players wherever they choose to play" after the close of deal (about $3.6 bln) and to create live-service games for @PlayStation— Roberto Serrano' ??? (@geronimo_73_) January 31, 2022
> https://t.co/Eo8NZwigdS#PlayStationStudios #Bungie pic.twitter.com/5OI59luC7f
Sony now has leverage should Microsoft ever try to make an Activision title such as Call of Duty exclusive to Xbox. In that event, Sony could threaten to make Destiny 3 a PlayStation-only game.— Patrick McGee (@PatrickMcGee_) January 31, 2022
“It’s mutually assured destruction,”
Congratulations to Bungie eight years from now on gaining independence from Sony— Harris Foster (@HarrisFoster) January 31, 2022
Bungie's bright future is only possible with you.— Destiny 2 (@DestinyTheGame) January 31, 2022
If you share our vision for Destiny - a single global community that can play anywhere, on any device, join us! See you Starside.
Joe Blackburn + Justin Trumanhttps://t.co/DfpTsH5hd2 https://t.co/sk60UBYGoR pic.twitter.com/Mn0EqtdpMh
Our ambition for growing and expanding Destiny has never been bolder. This partnership with Sony will supercharge new stories and create new memories in this universe for years to come while retaining our creative independence. Bungie leads, Sony supports, everybody wins. ? https://t.co/Rf9RqUV4oJ— Mark Noseworthy (@knowsworthy) January 31, 2022
My one question was about future Bungie games. I think it’s easy to believe that Destiny remains multi platform but we have no idea what future games could be. This answered my question and I hope this remains true https://t.co/F2uRfJcag1 pic.twitter.com/9q0w3inlt1— Ms5000Watts (@Ms5000Watts) January 31, 2022
Bungie has limitless potential to unite friends around the world.— Bungie (@Bungie) January 31, 2022
We have found a partner in PlayStation that shares our dream and is committed to accelerating our creative vision of building generation-spanning entertainment.
Our journey begins today.https://t.co/PLuVn48zdy pic.twitter.com/kAhRbAg3vD
this may be a "duh" thing, but I'm taking this to mean Bungie's upcoming IPs are definitely also live service to some extent, and they're Sony's spear for moving into that territory, even if they're not exclusiveshttps://t.co/9bi5P1sgdA pic.twitter.com/14ZMMlJ8TI— Paul Tassi (@PaulTassi) January 31, 2022
SONY IS BUYING BUNGIE— Paul Tassi (@PaulTassi) January 31, 2022
THIS IS NOT A DRILL
BREAKING: Sony is buying Bungie, the maker of Destiny — another seismic gaming deal that comes just two weeks after Microsoft purchased Activision Blizzard.— Jason Schreier (@jasonschreier) January 31, 2022
Bungie put Xbox on the map. Now it's part of PlayStation Studios. Filed to Bloomberg Terminal, hitting web soon
Sony says Bungie will remain a multiplatform studio "to self-publish and reach players wherever they choose to play."— Paul Tassi (@PaulTassi) January 31, 2022
The arms race to own your favorite gaming franchise, coming to gamers everywhere.— julia alexander (@loudmouthjulia) January 31, 2022
I suppose Bungie is to Sony what Activision is to Microsoft, in terms of as close to a 1:1 deal that you could ask for (and it's still not 1:1 by any means).
Both parties did a decent job keeping this secret —several Bungie staff learned it from me this morning as I tried to break the news. Bungie held an all-hands meeting at 10am PT to tell everyone at the same time as it went public— Jason Schreier (@jasonschreier) January 31, 2022
as the video game industry continues to consolidate, bungie employees at least feel like they've gotten a good deal. leadership + internal docs say there will be no layoffs or "major" restructurings. but the longer-term future remains uncertain. my report: https://t.co/szutHIH9Eq— Nathan Grayson (@Vahn16) February 1, 2022
bungie is unique in that it has been acquired previously (by microsoft) and entered into a long-term publishing deal with activision. both times, it ultimately regained its independence. bungie employees, then, were shocked by yesterday's announcement https://t.co/szutHIH9Eq— Nathan Grayson (@Vahn16) February 1, 2022
sony is planning to buy bungie employees out of equity in the company, which will result in healthy paydays for many. but there's a catch: 50% when the deal closes, 50% in a few years. one employee described the plan as "golden handcuffs" https://t.co/szutHIH9Eq— Nathan Grayson (@Vahn16) February 1, 2022
employees also hope to see efforts to improve the studio's culture continue following last year's bombshell report by @duckvalentine . “I’m hoping they will follow through and not lose sight in light of [sony’s] stacks of cash,” said one https://t.co/szutHIH9Eq— Nathan Grayson (@Vahn16) February 1, 2022
as the industry pivots to pump out subscription content, we'll likely see more of this. “what doesn’t get discussed much is the imminent shortage in talent,” said @joosterizer. "the industry has grown fourfold, but it takes time to become a seasoned dev" https://t.co/szutHIH9Eq— Nathan Grayson (@Vahn16) February 1, 2022
for now, bungie leadership and sony execs are saying all the right things wrt to the studio's relative independence, but that's the easy part. “it’s not clear how much we might plug into the sony talent ecosystem as time goes on,” said one bungie employee https://t.co/szutHIH9Eq— Nathan Grayson (@Vahn16) February 1, 2022
Huh, a big company acquiring a smaller one and paying out a third of its purchase price to the employees as retention bonuses, what an interesting idea. revealing how one sale is about retaining people, & another sale might be about the brand or data https://t.co/ztGZ63Jzhi— John (@johnthebeeler) February 3, 2022
I've talked a lot on Beyond! about Sony's recent moves, and the Bungie buy helped solidify my theory on the PlayStation plan.— Jonathon Dornbush (@jmdornbush) February 3, 2022
So I wrote about how it lines up with PlayStation's moves the last few years, and what all of it means for the future.
On @IGN: https://t.co/Z1XQDwd1Lh pic.twitter.com/nFeXLxKdKu
Bungie can't help Sony ship 10 live service games in four years if everyone there cashes out and walks away. As first reported by @Vahn16, Sony is paying a premium but keeping some devs hostage until it can deliver on its new plans https://t.co/3xn1ilMNBx— AmericanTruckSongs8 (@ethangach) February 3, 2022
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