Friday, April 21st 2023
Sony Interactive Entertainment to Acquire Firewalk Studios from ProbablyMonsters Inc.
Sony Interactive Entertainment LLC ("SIE") announced today it has entered into an agreement with ProbablyMonsters Inc. to acquire Firewalk Studios, a studio of industry-leading creatives developing an original AAA multiplayer game for PlayStation 5 (PS5) and PC. Firewalk will collaborate alongside world-class development teams, including Bungie and Haven Interactive Studios, to define a new generation of live service experiences for PlayStation gamers.
Based in Bellevue, WA, Firewalk was formed in 2018 as part of ProbablyMonsters, an independent AAA game company founded by CEO Harold Ryan (former CEO, President and Chairman at Bungie) that builds sustainable game teams focusing on original AAA games. Firewalk's team of best-in-class developers, led by industry veterans Tony Hsu (Studio Head, previously GM and SVP of Destiny at Activision) and Ryan Ellis (Game Director, previously Creative Director at Bungie), have years of collective expertise on some of gaming's most successful and impactful multiplayer titles. ProbablyMonsters and Firewalk announced an exclusive publishing partnership with SIE in April 2021 and now Firewalk will be the 20th studio to join PlayStation Studios.
"Firewalk Studios is led by a world-class team that is highly experienced and deeply passionate about creating exceptional multiplayer games that foster memorable shared experiences," said Jim Ryan, President & CEO, Sony Interactive Entertainment. "I'm confident the studio's upcoming project will be a robust addition to PlayStation Studios' portfolio, and its live service and technology expertise will be instrumental in helping grow PlayStation's reach."
"We're thrilled to expand upon our collaborative relationship with Firewalk Studios and formally welcome the team to PlayStation Studios," said Hermen Hulst, Head of PlayStation Studios. "We've had the privilege of working with ProbablyMonsters and Firewalk for several years and our teams share the same ambition to create meaningful experiences for gamers. Firewalk's innovative approach to connected storytelling and its commitment to high-quality gameplay continues to exceed our expectations. I think fans will be very pleased when they see what Firewalk has in store for them."
"We've assembled an amazing team at Firewalk Studios, built specifically to bring memorable multiplayer experiences to players around the world," said Tony Hsu, Studio Head of Firewalk Studios. "SIE has supported our team's vision from the beginning and with the incredible creative power of the PlayStation Studio ecosystem. This exciting next step will help us transform that vision into a reality."
"ProbablyMonsters is incredibly proud of the team and the game we incubated and built over the past few years. Firewalk Studios joining PlayStation Studios is a brilliant move for the team, game, and future players," said Harold Ryan, CEO and president of ProbablyMonsters. "Our goal at ProbablyMonsters is to find the best path to market for all of our games, and we couldn't be happier for the Firewalk team."
With nearly 150 employees and growing, Firewalk's day-to-day operations post-acquisition will continue to be run by the studio's management team in collaboration with PlayStation Studios External Development team. Terms of this transaction, including the acquisition cost, are not disclosed due to contractual commitments.
Source:
Sony Interactive Entertainment
Based in Bellevue, WA, Firewalk was formed in 2018 as part of ProbablyMonsters, an independent AAA game company founded by CEO Harold Ryan (former CEO, President and Chairman at Bungie) that builds sustainable game teams focusing on original AAA games. Firewalk's team of best-in-class developers, led by industry veterans Tony Hsu (Studio Head, previously GM and SVP of Destiny at Activision) and Ryan Ellis (Game Director, previously Creative Director at Bungie), have years of collective expertise on some of gaming's most successful and impactful multiplayer titles. ProbablyMonsters and Firewalk announced an exclusive publishing partnership with SIE in April 2021 and now Firewalk will be the 20th studio to join PlayStation Studios.
"We're thrilled to expand upon our collaborative relationship with Firewalk Studios and formally welcome the team to PlayStation Studios," said Hermen Hulst, Head of PlayStation Studios. "We've had the privilege of working with ProbablyMonsters and Firewalk for several years and our teams share the same ambition to create meaningful experiences for gamers. Firewalk's innovative approach to connected storytelling and its commitment to high-quality gameplay continues to exceed our expectations. I think fans will be very pleased when they see what Firewalk has in store for them."
"We've assembled an amazing team at Firewalk Studios, built specifically to bring memorable multiplayer experiences to players around the world," said Tony Hsu, Studio Head of Firewalk Studios. "SIE has supported our team's vision from the beginning and with the incredible creative power of the PlayStation Studio ecosystem. This exciting next step will help us transform that vision into a reality."
"ProbablyMonsters is incredibly proud of the team and the game we incubated and built over the past few years. Firewalk Studios joining PlayStation Studios is a brilliant move for the team, game, and future players," said Harold Ryan, CEO and president of ProbablyMonsters. "Our goal at ProbablyMonsters is to find the best path to market for all of our games, and we couldn't be happier for the Firewalk team."
With nearly 150 employees and growing, Firewalk's day-to-day operations post-acquisition will continue to be run by the studio's management team in collaboration with PlayStation Studios External Development team. Terms of this transaction, including the acquisition cost, are not disclosed due to contractual commitments.
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