It is well known that Sony runs its own game studios, funding and producing some of the biggest franchises (God of War, Uncharted, Gran Turismo) for its console brand, the PlayStation. But Sony has also had shares in other companies, including the Final Fantasy factory, Square Enix.
Although the PS4 has successfully launched, selling about seven million units so far, Sony itself has been struggling to show a profit for a few years now and its own shares have been relegated to junk status by ratings agency Moody’s as a result. Sony has had to cut costs by letting go of staff and selling off assets to concentrate on its core electronics and gaming business.
Siliconera has now reported that Sony has sold its 8.25% stake in Square Enix, worth around US $150 million. This should not only help the bottom line in the short term, but also provide Lightning with some cash to splash on chocobos and costume DLC. Square Enix has finally shown some promise in recent times with the relaunch of Final Fantasy XIV and the rerelease of last year’s successful Tomb Raider on PS4 and XBO.
It will be curious indeed to see how Sony, as well as emerging companies like Ouya, Amazon and Oculus, cope over the next few years, particularly if profits become hard to come by.