Sony Corp's shares slid as much as 2% in Tokyo trade on Wednesday after Microsoft Corp said it would buy the parent of games publisher Bethesda Softworks, in a deal to bolster its games slate as it eyes cloud gaming expansion.
FILE PHOTO: Sony Corp's logo is seen at its news conference in Tokyo, Japan November 1, 2017. REUTERS/Kim Kyung-Hoon/File photo
Sony’s PlayStation 5 is expected by analysts to outsell Microsoft’s next-generation Xbox consoles when the devices launch in November, bolstered by Sony’s stronger games pipeline including exclusives like “Marvel’s Spider-Man: Miles Morales.” The Xbox Game Pass is central to Microsoft’s counterattack, with the rival PlayStation Now service from Sony - which has a dominant hardware install base - seen as lagging in terms of games on offer and by being limited to PlayStation and PC.
The concentration of studios in the hands of established players puts clear blue water between a wave of challengers like Amazon.com Inc and Google parent Alphabet Inc that are moving into gaming but lack killer titles.
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