If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Sony will spend $1.2bn on retaining Bungie staff

That's a lot of loot.

This week is video game industry earnings report week, which means we get a sense of how well each of the major platforms is doing, like Nintendo Switch outselling the Wii and that Sony can't make enough PlayStation 5 consoles.

Amongst the news, one small nugget spotted in Sony's earnings report was how the company is going to allocate the $3.6bn it spent on acquiring Bungie.

In the report, Sony estimates that approximately a third of the money will be used for "deferred payments to employee shareholders, conditional upon their continued employment, and other retention incentives" (thanks, TweakTown).

If not exclusivity, what does Sony get from buying Bungie? It's the Eurogamer Newscast!

In other words, Sony will be spending $1.2bn on incentives to retain Bungie staff after its buyout takes place - and says it will do so for "several years".

The remainder of the money will be used to directly purchase private shares of the studio.

The Washington Post reported that the deal meant some staff would receive "roughly a year's worth of income" in compensation - though not all at once. "Employees will receive 50 percent of their equity payouts when the Sony deal closes and 50 percent over the next few years," the report stated.

Under the terms of the deal, Bungie will be a part of Sony Worldwide Studios which can "self-publish and reach players wherever they choose to play".

In yesterday's investor presentation, Sony also said the acquisition will support the company in its wider ambitions to create more live-service titles.

Will you support Eurogamer?

We want to make Eurogamer better, and that means better for our readers - not for algorithms. You can help! Become a supporter of Eurogamer and you can view the site completely ad-free, as well as gaining exclusive access to articles, podcasts and conversations that will bring you closer to the team, the stories, and the games we all love. Subscriptions start at £3.99 / $4.99 per month.

Tagged With

About the Author

Ishraq Subhan avatar

Ishraq Subhan

Reporter

Ishraq is a freelance games journalist. His first ever console was the PlayStation, where he found his love of games through Ridge Racer. He likes to think he’s really into story-driven games, but spends most of his time on the latest yearly Call of Duty release.

Comments

More News

Latest Articles

Supporters Only

Eurogamer.net logo

Buy things with globes on them

And other lovely Eurogamer merch in our official store!

Eurogamer.net Merch