Former Bungie developers have formed teamLFG, a PlayStation studio housed within Sony Interactive Entertainment. Hermen Hulst, CEO of the Sony Interactive Entertainment Studio Business Group, said teamLFG has “rallied developers from across the industry to bring to life an ambitious incubation project” that the company is “very excited about.” The first game from teamLFG will see players inhabit “a lighthearted, comedic world set in brand-new, mythic, science-fantasy universe,” the principals hinted, noting it was a multiplayer actioner “that draws inspiration from fighting games, platformers, MOBAs, life sims, and frog-type games.” Continue reading Sony Interactive Spins Out New PlayStation Studio teamLFG

Sony Interactive Entertainment has completed its acquisition of the Bellevue, Washington-based Bungie game studio. In an effort to allay antitrust concerns, the developer of the “Destiny” game series will operate as an independent subsidiary of Sony, its mandate to “continue to independently publish and creatively develop our games,” Bungie CEO Pete Parsons wrote in a blog post. Both firms have offered assurances that future game development will not be limited to PlayStation exclusives. Sony valued the developer of “Destiny” and “Destiny 2” at approximately $3.7 billion in a Friday SEC filing. Continue reading Sony Completes Its $3.7B Purchase of Bungie Game Studio

Sony Interactive Entertainment is purchasing Bungie, creator of the “Halo” video game franchise and “Destiny 2.” The deal, valued at $3.6 billion, caps a robust month of game company acquisitions that saw Microsoft make a $68.7 billion bid on Activision Blizzard and Take-Two Interactive offer $12.7 billion for Zynga. The Bellevue, Washington-based Bungie will be operated as an independent that continues to make multi-platform games, SIE president Jim Ryan said in an announcement. “Destiny 2” was released for Xbox and PC as well as PlayStation platforms. Continue reading Sony Interactive to Acquire ‘Destiny 2’ Maker Bungie for $3.6B