In yet another major industry announcement, Sony Interactive Entertainment has reached a deal in principal to acquire Destiny developer Bungie for $3.6 billion.
Thanks to a report from Gamesindustry.biz, here are the full details:
- Bungie will remain an independent subsidiary of SIE.
- Bungie will remain a multi-platform studio with the option to self-publish.
- Bungie is still maintaining Destiny 2 while also developing a new IP.
- Bungie offered a formal statement via their site here.
PlayStation CEO Jim Ryan offered the following statement:
“We’ve had a strong partnership with Bungie since the inception of the Destiny franchise, and I couldn’t be more thrilled to officially welcome the studio to the PlayStation family,” said SIE president and CEO Jim Ryan.
Pete Parsons, CEO and Chairman of Bungie, had the following to say:
“This is an important step in our strategy to expand the reach of PlayStation to a much wider audience. We understand how vital Bungie’s community is to the studio and look forward to supporting them as they remain independent and continue to grow. Like Bungie, our community is core to PlayStation’s DNA, and our shared passion for the gamer and building the best place to play will now evolve even further.”
“Both Bungie and SIE believe that game worlds are only the beginning of what our IP will become,” Parsons said. “Our original universes have immense potential and, with SIE’s support, we will propel Bungie into becoming a global multimedia entertainment company dedicated to delivering on our creative vision.”
The gaming industry has been lively lately hasn’t it? This one has certainly taken us by surprise but it makes good sense for PlayStation. With Destiny 2 being one of the biggest games in the world, and Bungie’s new IP likely to be another blockbuster, they have broad long-term appeal. We’re happy to see that Destiny will remain multi-platform and that Bungie will remain independent with the capability to publish. We have to imagine that after the Activision deal some years ago, Bungie prefers to retain control of their future.
We’ll have a lot more to come on this later this week on Bitcast!