
“Having a business model where you own elements from the top to the bottom increases your ability to be self-determinant.” “One of the reasons why we are investing massively in first-party development and publishing is to provide us with an edge against pressure on a historic business model,” he told the Fidelity investors.

Ryan said that PlayStation growing first-party titles is its way to keep Xbox Game Pass at bay. That said, Sony has worked to help PlayStation compete against the service with exclusive games of its own. He also said that he didn’t believe Activision Blizzard CEO Bobby Kotick would put the Call of Duty franchise on the service if the acquisition didn’t go through. Ryan added that the belief was “very commonly held” by publishers across the industry. “I talked to all publishers they unanimously do not like Game Pass, because its value destructive,” he said. During a meeting with Fidelity investors in February 2022, Ryan said publishers just don’t like Xbox Game Pass or the idea of the subscription model.

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