Naughty Dog Cancels The Last of Us Online Multiplayer Spinoff
Portfolio Pulse from Franca Quarneti
Naughty Dog, a subsidiary of Sony Group Corp. (NYSE:SONY), has canceled the development of The Last of Us Online, a multiplayer spin-off of its popular series. The studio faced challenges in managing resources between live-service game content and future single-player narrative projects. The decision was announced on December 14, with the studio opting to focus on single-player games, which align with its heritage. Despite the cancellation, Naughty Dog has gained valuable insights from the project and is working on multiple new single-player games. Sony has been pushing for more live-service games, but has also indicated delays in its online game projects during a November earnings call.
December 15, 2023 | 5:50 pm
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NEUTRAL IMPACT
Sony's Naughty Dog cancels The Last of Us Online multiplayer game, choosing to prioritize single-player narrative games. This reflects Sony's broader challenges with live-service game development.
The cancellation of The Last of Us Online by Naughty Dog may have a neutral impact on Sony's stock in the short term. While the news indicates a shift in strategy and resource allocation, it also shows Sony's commitment to quality in its gaming portfolio. The market may view this as a prudent long-term decision, despite the short-term challenges and delays in live-service games as mentioned in the earnings call.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80