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Sony Paid A Hefty Sum To Acquire Spider-Man Studio Insomniac Games

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Sony Paid A Hefty Sum To Acquire Spider-Man Studio Insomniac Games

You might remember that last summer, Sony officially purchased Insomniac Games. Many were surprised to learn that the studio responsible for PlayStation classics like Spyro The Dragon, Ratchet & Clank, and Marvel's Spider-Man weren't always owned by Sony, so the move seemed to be a solid, comfortable fit for both parties.

It was a big move for both Sony and Insomniac, no doubt about that. Now, as gamers everywhere eagerly speculate over whether we'll get a new Ratchet & Clank or sequel to Spidey first, we have an idea of just how much it cost Sony to forge this new partnership. According to Sony's latest financial report, Insomniac set the company back $229 million (24.895 billion yen). That's about £177 million, if you were wondering.

Now, that's probably chump change to a juggernaut like Sony... but to you and me? That's a fairly juicy wad of cash. Well, it is to me anyway. I don't know your life. If you are a millionaire and you're reading this, lend me a tenner?

Marvel's Spider-Man
Marvel's Spider-Man
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The report notes that Sony paid for Insomniac with mostly cash. I believe the technical business term for this is "baller move". With the acquisition done and dusted, Insomniac is Sony Interactive Entertainment's 14th internal studio. We can expect plenty of great new games from this partnership, I'm sure - including an inevitable sequel to 2018's sublime Spider-Man game.

"Sure. Spider-Man underscores how consequential Insomniac is to gaming in the overall," A Sony spokesperson said at the time of the acquisition.

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"They are an impact maker. They are a style-setter. There are just a clutch of studios in that independent sphere who are at an accomplishment level of something like Insomniac. They are a very rare bird and we felt that this was the time to formalize the relationship."

Ratchet & Clank / Credit: Insomniac Games
Ratchet & Clank / Credit: Insomniac Games
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Insomniac CEO Ted Price added that the studio has always enjoyed a "special relationship" with PlayStation, and that the new partnership would "amplify" the team's potential.

"We've enjoyed a special relationship with PlayStation practically since our inception," he explained. "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."

It's unclear what Insomniac could be cooking up next, though it's hoped that the studio will have something to share at the rumoured PlayStation 5 reveal event later this year.

Featured Image Credit: Insomniac Games

Topics: PlayStation, Spider-Man, PS4

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