When Sony purchased Spider-Man developer Insomniac Games, it seemed like a natural fit for a studio that had long worked closely with PlayStation on exclusives. Recent financial disclosures show just how much Sony paid for the developer.
Niko Partners analyst Daniel Ahmad noted on Twitter that according to recent SEC filings, Sony paid roughly $229 million, mostly in cash, when the deal closed in November. The sale was first announced in August.
Spider-Man was a huge success for both Insomniac and Sony, breaking first-party sales records that had been set by God of War. The relationship seemed mutual, as Sony games chairman Shawn Layden said the studio was a perfect fit, and Insomniac called it a “homecoming.”
Insomniac had worked mostly on PlayStation exclusives since its founding in 1994, and was known for mascot-driven platformers like Spyro the Dragon and Ratchet & Clank. Though it worked on a handful of iOS and multiplatform games, and the Xbox One exclusive Sunset Overdrive, Spider-Man was a return to PlayStation exclusivity, as Sony owns the game rights to the character.
The iconic character design with a white spider logo has become referenced in other fiction as part of the multi-verse, and even immortalized with collectibles. Sony has also regularly used the game to illustrate the faster load times on the upcoming PS5. For more details, read our feature on how Marvel’s Spider-Man came together.
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