Sony bought Insomniac for $229 million
Last year, Sony bought the legendary game developer Insomniac. Now we know how much they paid to acquire one of the top studios in the industry.
According to a Securities and Exchange Commission filing, Sony paid $229 million US dollars for the studio behind the PS4 hit Marvel’s Spider-Man. The acquisition was “mainly paid in cash,” the filing notes.
As an independent studio for the past quarter-century, Insomniac has created some of the most recognizable video games on the market. They are responsible for everything from the original Spyro the Dragon trilogy to the Ratchet & Clank and Resistance series.
While Insomniac had been mostly known for PlayStation exclusives, the company expanded its efforts in recent years. Among them was the critically-acclaimed Sunset Overdrive for Xbox One and PC. That game did well with critics but sold poorly.
Sony’s purchase means that Insomniac will be developing exclusively for the upcoming PS5 console, which launches later this year. That alone might make the acquisition worth it as exclusives are highly sought after and increasingly rare.