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Wednesday, May 18, 2022

Can Sony’s entertainment empire rule the metaverse?


Sony is flaunting its entertainment arsenal in the battle for metaverse supremacy. The company has been diversifying a product portfolio that could lay strong foundations for virtual worlds. The Japanese conglomerate now boasts a revived music business, a movie studio that produces Marvel blockbusters, an immense film library, and the PlayStation gaming platform. The group’s music, movie, and gaming operations drove a fiscal fourth-quarter surge of 67% over the previous year.  Sony also plowed $1 billion into Fortnite publisher Epic Games last month. The Tokyo-based business had previously sunk $250m into the gaming firm. These moves have built a product package that…

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