Sony Interactive Entertainment has entered into an agreement to acquire Insomniac Games, a leading game developer and long-time partner of SIE, in its entirety.
Upon completion of the acquisition, Insomniac Games will join the global development operation of Sony Interactive Entertainment Worldwide Studios, the 14th studio to join the SIE WWS family.
Based in Burbank, Calif., and Durham, N.C., Insomniac Games is the award-winning studio behind many top PlayStation franchises, including “Spryo the Dragon,” “Ratchet & Clank” and “Resistance.” Most recently, Insomniac Games, in partnership with SIE and Marvel Games, launched Marvel’s Spider-Man, one of 2018’s top-selling PlayStation 4 games.
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Financial terms of the transaction were not disclosed. The day-to-day operations of Insomniac Games after the acquisition are expected to be run by the current management team in conjunction with SIE WWS San Mateo Studio.
The new Spider-Man video game for the Sony PlayStation 4 is an even bigger hit than the latest Spider-Man movie.
The game, Sony Interactive Entertainment said Sept. 20, sold 3.3 million copies in the first three days since its Sept. 7 release, making it the fastest-selling first-party game the company has ever had.
At a retail price of $59.99, that equates into nearly $200 million in consumer spending.
The latest “Spider-Man” movie, Spider-Man: Homecoming, made $117 million its opening weekend.
Sony said 1 million copies of the game were pre-ordered.
Spider-Man, developed by Insomniac Games and published by Sony Interactive Entertainment, broke the previous three-day sales record set in May by the latest installment in the “God of War” franchise, which sold 3.1 million copies.
The new Spider-Man game, heavily promoted over the summer at Comic-Con International, is the first since 2014’s The Amazing Spider-Man 2.
Sony says that beginning in October, it will be releasing three downloadable stories as part of bundle called “The City That Never Sleeps.” each update will add new stories, characters and Spider-Man suits to the game. The first, “The Heist,” will be available Oct. 23.
The bundle costs $24.99; individual updates are $9.99 each.