Sony Interactive Entertainment (SIE) today announced that SIE has entered into an agreement to acquire leading game developer and its long-time partner Insomniac Games, Inc in its entirety. Insomniac Games is the developer of PlayStation®4’s (PS4™) top-selling Marvel’s Spider-Man and the hugely popular PlayStation® Ratchet & Clank franchise. After the completion of the acquisition, Insomniac Games will join the international development operation by Sony Interactive Entertainment World Studios (SIE WWS). Insomniac Games became the 14th studio to join the SIE WWS family.
Several award-winning Insomniac Games is based in Burbank, California, Durham and North Carolina. The studio is behind the success of PlayStation’s most successful franchises, including Resistance, Ratchet & Clank and Spyro the Dragon. Recently, Insomniac Games in partner with Marvel Games and SIE launched Marvel’s Spider-Man, which became 2018’s highly acclaimed PS4TM games, 13.2 million copies are reported to have been sold up till 28th July, 2019.
After a long working relationship of over 20 years, Insomniac Games and SIE, the acquisition is expected to enhance the creative force within SIE WWS. The current management team, in conjunction with SIE WWS San Mateo Studio, are expected to run day-to-day operations of Insomniac Games post the closing of the acquisition. The completion of the acquisition is subject to regulatory approvals and certain other closing conditions.
Shawn Layden, Chairman, SIE WWS said “Insomniac Games is one of the most highly-acclaimed development studios in the industry and their legacy of best-in class storytelling and gameplay is unparalleled.” He added that “We have enjoyed a strong collaborative partnership with the studio for many years, and are thrilled to welcome them to the Worldwide Studios family officially. The addition of Insomniac Games to SIE WWS reiterates our commitment to developing world-class gaming experiences that can only be found on the PlayStation platform.”
Ted Price, Insomniac Games founder and CEO said that “Joining the WWS family gives Insomniac even greater opportunities to achieve our studio vision of making positive and lasting impressions on people’s lives.” He also added that “We’ve enjoyed a special relationship with PlayStation practically since our inception. Our partnership amplifies our potential, and Marvel’s Spider-Man was a testament to this. We’re excited to take the next step in our growth alongside our longtime WWS partners. Most of all, we look forward to delivering fresh, new experiences for our fans.”
About Sony Interactive Entertainment
Recognized as a global leader in interactive and digital entertainment, Sony Interactive Entertainment (SIE) is responsible for the PlayStation® brand and family of products and services. PlayStation has delivered innovation to the market since the launch of the original PlayStation in Japan in 1994. The PlayStation family of products and services include PlayStation®4, PlayStation®VR, PlayStation®Vita, PlayStation®3, PlayStation™Store, PlayStation®Plus, PlayStation™Video, PlayStation™Music, PlayStation™Now, PlayStation™Vue, and acclaimed PlayStation software titles from SIE Worldwide Studios. Headquartered in San Mateo, California, SIE is a wholly-owned subsidiary of Sony Corporation and has global functions in California, London and Tokyo.
About Insomniac Games
Insomniac Games has created and developed award-winning video game franchises for more than 25 years. It is best known for developing the PlayStation®4 smash-hit, Marvel’s Spider-Man (2018), and creating iconic PlayStation franchises such as Resistance (2005), Ratchet & Clank (2002) and Spyro the Dragon (1998). With studios in Burbank, CA and Durham, NC, Insomniac have earned 20 local, regional, state and national awards for its workplace culture.