Sony Interactive Entertainment has announced that Sony has agreed to acquire Insomniac Games, a leading game developer and long-time partner of Sony.
Insomniac Games is the developer of PlayStation®4’s (PS4™) top-selling Marvel’s Spider-Man and the hugely popular PlayStation® Ratchet & Clank franchise.
Upon completion of the acquisition, Insomniac Games will join Sony’s global development operation. Insomniac Games is the 14th studio to join the Sony family.
Based in Burbank, California, and Durham, North Carolina, Insomniac Games is the award-winning studio behind many of PlayStation’s most highly-successful franchises, including Spryo the Dragon, Ratchet & Clank, and Resistance.
Most recently, Insomniac Games, in partnership with Sony and Marvel Games, launched Marvel’s Spider-Man, one of 2018’s most highly-acclaimed PS4™ games. Marvel’s Spider-Man has sold through more than 13.2 million copies worldwide as of July 28, 2019.
In addition to the studio’s signature storytelling infused with humor and highly interactive worlds, Insomniac Games has been recognized for its collaborative workplace culture, having earned 20 awards since 2005.
Building on a working relationship between Insomniac Games and Sony spanning more than 20 years, this acquisition enhances the creative force within Sony and formally adds a studio to the PlayStation family that continues to raise the bar on open-world, story-driven games.
The day-to-day operations of Insomniac Games post-closing of the acquisition are expected to be run by the current management team in conjunction with Sony’s San Mateo Studio.
Completion of the acquisition is subject to regulatory approvals and certain other closing conditions. Financial terms of this transaction including the acquisition cost are not disclosed due to contractual commitments.