Sony Online Entertainment Sold to Private Investment Firm

Columbus Nova, a private investment firm based in New York, has reportedly purchased Sony Online Entertainment, of Everquest fame, renaming the developer Daybreak Game Studio. SOE was recently most well known for H1Z1 as well as PlanetSide 2 and were also developing a sequel in their EverQuest franchise.

SOE President John Smedley will remain on board as president of Daybreak. Given some of Smedley’s tweets, it seems Daybreak may also end up developing games for Xbox One now. Previously SOE’s game development was restricted by Sony to Playstation and PC.

The developer has met with some controversy as of late and has struggled to develop consistent hits as their bread and butter, the MMO genre, gave way to free-to-play business models. Sony likely sold the studio in an attempt to unload unprofitable (or less profitable assets) as they prepare to report another quarter of losses in their upcoming financial report. The full report has been delayed due to the hack Sony suffered, allegedly at the hands of the North Korean government.

Thanks: Forbes

6 thoughts on “Sony Online Entertainment Sold to Private Investment Firm”

    1. SoE was always focused on PC gaming. And sony does not have the money people think they do.

      Not to mention Publishers/Developers are not willing to pay Sony Royalties to put their games on Blue Ray for PC not even SoE was willing to even if they were owned by Sony which is pretty funny that they would of had to have funds come out of a dev’s paycheck to pay to have a game be on blue ray…. Hence why we have 4/6 disk games aka 50/60gig steam downloads.

      But all that matter’s to me is they stay on Focus with PC gaming and they can do console business on the side.

  1. lol you guys are blind there have been reports that sony will go bankrupt in 2 years google it.they lose $60 on every ps4 sold no matter how many sold.they lost millions.and now sony sole soe.if those arnt signs of a failing company i dont know what is.every thing i said is on google.just look it up.

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