Sony trims further and sells-off its “SOE” division, which will now also make Xbox games under new ownership

Sony has officially sold its online gaming subsidiary, Sony Online Entertainment (SOE) to a third-party investment firm called Columbus Nova. SOE will now be known as Daybreak Games, and its president John Smedley has just tweeted today about his excitement on making Xbox games.

 

Today, we are pleased to announce that we have been acquired by Columbus Nova, an investment management firm well known for its success with its existing portfolio of technology, media and entertainment focused companies. This means that effective immediately SOE will operate as an independent game development studio where we will continue to focus on creating exceptional online games for players around the world, and now as a multi-platform gaming company. Yes, that means PlayStation and Xbox, mobile and more!

Columbus Nova is said to provide more resources to the team previously known as Sony Online Entertainment. This will improve upon their existing IPs as they embrace a new multi-platform world that includes the addition of Xbox and mobile games.

Sony Online Entertainment has churned out some intriguing and successful MMO games, with many titles under their belt.  The first-person shooter “PlaneSide“, the hugely successful “EverQuest” role-playing franchise, “DC Universe Online” and the recent zombie-themed “H1Z1”.  There is a possibility that some of these titles make their way to the Xbox platform, specifically H1Z1.

Sony’s financial woes have caused for trimming of the company in order to reach profitability. We have seen the start of this trimming with Sony’s decision to sell-off its PC business last year, along the spinning-off of their TV division. A few weeks ago, Sony’s CEO Kaz Hirai reported that it’s considering even getting out of the smartphone business, which is acknowledgment that the company is in a dire financial situation at the moment.

Sony’s PlayStation 4 is definitely selling extremely well, and is handily outselling its rival Xbox One.  However, everything the company executes with the console is critical, as there isn’t much room for error that could cause financial strain impossible to reverse.  Sony surprised everyone with its success of the PlayStation 4, it would be a shame that the company’s financial troubles destroy the success of this console.

Source: SOE, & John Smedly on Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *