Sony Exec Says Company Lacks New IP Across Games, Film, And Anime
Despite the recent failure of Concord to reach an audience, Sony has a library of original PlayStation games and intellectual property that few in the video game industry can match. However, Sony chief executive Kenichiro Yoshida believes that the company is lagging behind in IP, and wants to devote resources to creating more originals.
While speaking with the Financial Times, Yoshida indicated that Sony won’t stop providing content for the various streaming services including Netflix and Max. But he believes that the company has to focus on making new IP in order to better compete in the entertainment industry.
“Whether it’s for games, films, or anime, we don’t have that much IP that we fostered from the beginning,” added Sony’s chief financial officer Hiroki Totoki. “We’re lacking the early phase (of IP) and that’s an issue for us.”