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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.

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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 the company is aiming at the metaverse.

“The metaverse is at the same time a social space and live network space where games, music, movies, and anime intersect,” said Sony CEO Kenichiro Yoshida at a Wednesday briefing, Reuters reports.

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