Sony Just Made a Huge Mistake Cancelling Live Service Games for This

Sony has been in the news lately for cancelling several live service games, a move that has left many gamers and investors scratching their heads. While the company has not officially announced the reasons behind this decision, it is rumored that the cancellations are part of a larger effort to shift focus towards other areas of the business, such as virtual reality (VR) and mixed reality (MR) technologies.

One thing that is certain, however, is that Sony's PlayStation VR2 (PSVR 2) headset has been generating a lot of buzz in the gaming community. With its advanced features and improved performance, the PSVR 2 is poised to take the VR gaming market by storm. But could it have also been a more lucrative venture for Sony than the live service games that were cancelled?

Live service games, which include titles like Destiny 2 and The Division, are designed to provide a continuous stream of revenue for game developers and publishers through ongoing updates, expansions, and microtransactions. While these games can be very profitable, they also require a significant amount of resources and investment to maintain and update over time.

On the other hand, VR games and experiences can provide a more immediate source of revenue, as players are often willing to pay a premium for high-quality VR content. Additionally, VR technology has the potential to open up new revenue streams for Sony, such as through the sale of VR headsets and accessories, as well as through partnerships with other companies to develop and distribute VR content.

In fact, according to recent market research, the global VR market is expected to grow to over $1.5 billion by 2025, with the gaming sector accounting for the largest share of this revenue. This growth is driven by the increasing adoption of VR technology, as well as the development of new and innovative VR experiences that are attracting more and more players to the market.

Given these trends and figures, it seems likely that Sony's decision to focus on VR and MR technologies could pay off in the long run. While the company may have missed out on potential revenue from the live service games that were cancelled, it is possible that the PSVR 2 and other VR initiatives will ultimately generate more revenue and profits for the company.

Only time will tell, of course, but one thing is certain: Sony's bet on VR and MR is a bold and ambitious move that could have significant implications for the future of the gaming industry. As VR technology continues to evolve and improve, it will be interesting to see how Sony and other companies choose to invest in and develop this exciting and rapidly growing market.