All the way back in 2021, Sony revealed that it had earmarked around ¥2 trillion (~$18 billion) for strategic investments across its entire company, which expanded to the acquisition of developers like Housemarque and Bungie, as well as anime streaming service Crunchyroll. This money was intended to last until 2024, and during a Morgan Stanley web conference earlier this week, it confirmed that it has about ¥700 billion (~$5 billion) left.
It’s important to underline that this figure expands to the entirety of the Japanese organisation, and not just the PlayStation division. But, to be fair, Sony Interactive Entertainment has been putting the money to good use, both outright acquiring long-time partners and investing in developers like Epic Games and FromSoftware. With Microsoft desperately trying to convince regulators to allow it to spend $69 billion on Activision Blizzard, however, it does shine a light on the difference in pure spending power between the two.
It should be noted that this money will not empty Sony’s piggy-bank entirely: we’d assume, once 2024 rolls around, another sum of money will be released for further strategic investments. But, given the kind of numbers being discussed here, we’d maybe put those Square Enix and Capcom acquisition fan fictions on ice – at least, for the time being, anyway.