Announced via press release, New York-based investment firm Columbus Nova has acquired Sony Online Entertainment. SOE, best known for games like Everquest, Planetside 2, and DC Universe Online will now operate as an independent game studio, Daybreak Game Company LLC.
Jason Epstein, Senior Partner of Columbus Nova, issued a statement on this surprising turn of events. He said that SOE is a great addition to their existing portfolio of technology and media, and decision makers at Columbus Nova feel there’s tremendous potential for growth with this expansion of the company’s game portfolio through multi-platform offerings as well as new quality games just on the horizon. This includes the recently launched H1Z1 and the highly anticipated EverQuest Next to be released in the near future.
“The recent early access launch success of H1Z1 is just one testament to the talent and dedication to the studio’s developers to create great online gaming experiences.” It’s worth noting that Jason Epstein of Columbus Nova is the man who personally bought Harmonix back from Viacom to make them an independent development studio once more. Columbus Nova is a multi-strategy investment firm managing over $15 billion of assets through its own funds and affiliated portfolio companies.
Sony Online Entertainment (SOE), hereafter known as Daybreak, issued a statement on the event via their forums. They said that, effective immediately, SOE will operate as an independent game studio, creating online games for multiple platforms. While SOE were previously tied to Sony, they will now be working on all platforms as Daybreak. For the fans, according to SOE, it’s business as usual. All SOE games will continue on their current path of operation. The company expects it will have even more available resources and new developments for existing intellectual properties.
The reason and the price of the sell off are unknown as of yet, but Sony’s history may shed some light on the subject. Sony recently projected a $2.1 billion loss in 2015 that it believes will lead to roughly $10 billion in losses over the next eight years. The company announced on May 2014 that it had sustained a net loss of $1.246 billion during the fiscal year ending March 31, 2014.
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